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kipiarov [429]
3 years ago
14

What is gross profit?

Business
1 answer:
Anvisha [2.4K]3 years ago
8 0

Answer:

The money left over the cost of making a product or providing a service.

Explanation:

In other words its the profit you get after you deduct the money spent on producing a product or providing a service. Example: You have a company which is constructing bikes. Constructing cost 200 $, you sell it for 500$. So you have 300 $ of gross profit per bike.

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Which of the following scenarios are either not accounted for or measured inaccurately by either the income or the expenditure m
salantis [7]

The value of baby sitting services when the baby sitter is paid in cash and the transaction isn't reported to the government

Explanation:

Some of the values and the transactions are not added to the GDP and there are many off the book activities which are not included in the GDP and one such activity is baby sitting

In the US many people get paid off for baby sitting and the money that they are paid are not added to the economy and it does not account the enjoyment of the people and the loses that incur during the loss of enjoyment of the people

5 0
3 years ago
Read 2 more answers
Harlen Company is involved in a competitive bidding situation. The following costs are anticipated for a project to be bid with
erica [24]

Answer:

C. $1,370,000

Explanation:

Calculation to determine the cost figures that should be used in setting a minimum bid price if Harlen has excess capacity

Direct material $340,000

Direct labor $610,000

Allocated variable overhead $420,000

Minimum bid price $1,370,000

($340,000+$610,000+$420,000)

Therefore the cost figures that should be used in setting a minimum bid price if Harlen has excess capacity is $1,370,000

4 0
3 years ago
What type of business is basically a special type of licensing agreement?
Radda [10]

The type of business that is a special type of license agreement is a partnership, as there is a legal written agreement between two parties, that grants the right to use trademarks and patents.

A partnership is a business that is shared by two or more entities, where the parties share legal and financial responsibility through a legal agreement.

Partnerships are more effective for businesses operating in the same sector, for the partnership to be more aligned with the business and increase the companies' positioning in the market.

Therefore, in a partnership, the parties involved will specify through a license agreement the distribution of property, profits and losses, responsibilities and their commercial relationship.

The correct alternative is letter A.

Find out more about partnership here:

brainly.com/question/25012970

4 0
3 years ago
Read 2 more answers
Employees read scientific research studies and attend expert presentations to identify the training and nutrition protocols most
OleMash [197]

Answer:

A) Intuitive - Thinking

Explanation:

It is an intuitive problem-solving style because the employees are first absorbing information by reading the scientific papers, and afterwards, they go through a cognitive process in which new information and old information are related in order to reach new conclusions. This is the congnitive process that intuitives follow.

It is a thinking problem-solving style because the conclusions are now put into an orderly format: guidelines, programs, etc. Besides, the employees employ measuring techniques to evaluate the effectiveness of the programs. This kind of detailed, scientific approached is how thinkers go about solving tasks.

3 0
3 years ago
The benefit of saving some American jobs in specific industries protected from foreign competition Multiple Choice a. has risen
frutty [35]

Answer:

B. is much less than the costs to the whole American economy.

Explanation:

When foreign industries are prevented from entering the U.S. Market, the supply of the products that those foreign firms would provide is kept artificially low, in order to benefit domestic producers. This means that prices become more expensive than they should be, affecting all consumers.

For example, if the U.S. barred car imports from Japan, cars would become very expensive, and while the national car industry would benefit, the vast majority of consumers would be harmed by the higher prices.

7 0
4 years ago
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