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vesna_86 [32]
3 years ago
14

Linda sells 100 bottles of homemade ketchup for $10 each. The cost of the ingredients, the bottles, and the labels was $700. In

addition, it took her 20 hours to make the ketchup and to do so she took time off from a job that paid her $20 per hour. Linda's accounting profit is _____________ while her economic profit is ______________.
Business
1 answer:
snow_lady [41]3 years ago
3 0

her profit is 1000 while her economy is 1400

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The channel of distribution consists of ___________, who assist in moving goods and services from producers to businesses and fr
sp2606 [1]

Answer: intermediaries

                                       

Explanation: In simple words, channel of distributions refs to the chain of business activities and intermediaries who prof rm the function of transferring the product from the producer to its final customer.

This channel of distribution consists of intermediaries such as agents, brokers , wholesalers and retailers who deals with each other at different levels and earn their margin of profit from the product while transferring it to next stage.

These are important parties to the market as without them producer has to perform all the ruination by himself which can result in delay or unstable supply in the market.

5 0
3 years ago
_____ is defined as the connection between an entrepreneur's skills, understanding of an industry, and the ability to create a c
Svetlanka [38]

Answer: Synergy

Explanation:

Synergy can be defined as a state in which two or more things work together in a particularly way that produces an effective result.

Synergy involves bringing so many parts together to achieve results.

Synergy refers to the achievement produced as a result of combined action or co-operation.

The results produced by synergy might be multiple of actions or skills directed to the event in a positive way.

3 0
3 years ago
13, a company has recently outsourced its payroll process to a third-party service provider. an audit team was scheduled to audi
MrRissso [65]
<span>As the outsourcing decision is not in the audit term therefore the audit team is not needed to take it into consideration. Audit team is required to work for those matters which are in the term for which it is hired. Notes can be mentioned that outsourcing is used in the next term.</span>
5 0
3 years ago
Pacific Company sells only one product for $ 12 per​ unit, variable production costs are $ 3 per​ unit, and selling and administ
AveGali [126]

Answer: The operating income is​ $<u>76 comma 500</u> when 11 comma 000 units are sold.

Explanation:

Selling price = $12 / unit

Variable cost of production = $3 / unit

Selling and Admin cost = $1.5 / unit

Fixed cost for 11 comma 000 units are $ 6 comma 000.

For 11 comma 000 units,

Sales  = 12 x 11000 = $132000

cost of production = 3 x 11000 = $33000

Selling and Admin cost = 1.5 x 11000 =$16500

Fixed cost = $6000

Operating Income = Sales - Cost of Production - Selling and Admin cost - Fixed cost

Operating income = 132000 - 33000 - 16500 - 6000 = $76,500

The operating income is​ $<u>76 comma 500</u> when 11 comma 000 units are sold.

4 0
3 years ago
Read 2 more answers
Global​ Enterprises, Inc. signed a oneminusyear $ 42 comma 000 note payable at 9​% interest on April​ 1, 2018. If Global only ad
Natasha2012 [34]

Answer:

the journal entry will be:

interest expense 2,835 debit

  interest payable      2,835 credit

--to record accrued interest --

Explanation:

April 1st,2018 42,000 promissory note

<u>accrued interest</u> from April 1st to December 31th (9-months)

principal x rate x time

we moth express rate and time on the same metric.

because the rate is annual; time should be expressed at portion of year 9/12

42,000 x 9% (9/12) = 2,835

the journal entry will be:

interest expense 2,835 debit

  interest payable      2,835 credit

3 0
3 years ago
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