B.............................
Answer:
(c)Terry should report profit from his business of $250,000
Explanation:
Before computing the actual solution, first, we have to compute the net income of both the parties
For Terry = Gross revenue - employees salaries - rent and utility expenses
= $500,000 - $200,000 - $50,000
= $250,000
For Jim = Gross revenue - cost of goods sold
= $500,000 - $125,000
= $375,000
The other item values would not relevant for deduction. Hence, ignored it
Therefore, option c is correct.
Answer:
The basic principle is known as the opportunity cost
Explanation:
The opportunity cost is defined as something that you are not earning because you don't do a revenue activity.
In this case, Sharon doesn't receive $9 per each hour that she prefers to go to the swimming pool. Also, she is expending $4 additional to the opportunity cost each time that she goes to swim.
<em>For example, if she goes to swim 2 hours a day instead of work them, we can conclude that she isn't earning $18 and lossing $4 additional for the fee entrance to the swimming pool. </em>
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Please, note that, are different the concepts of "let of earning" and "lossing". First one talks about money that you never have had and the second is about money that you had but now you don't.
The agent's commission is $5,950
A commission agent acts as a go-between for enterprises of all sizes when dealing with suppliers. A person in this position may operate in a variety of fields, including real estate, sales, and entertainment, as well as throughout the world. Additionally, a commission agent may simultaneously serve multiple companies.
An international agent who receives payment as a percentage of the sales they bring in. The Agent strictly complies with the sale terms specified to it by the Principal while making products available to potential customers in a certain territory (often a country). The Agent's and Principal's relationship is solely business-related; there is no employment connection between them.
To learn more about agent's commission here
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Answer:
Deceptive advertisement.
Explanation:
Deceptive advertisement: It is a type of advertising that is meant for damaging the reputation of competitor´s ad and products by making false claim or by spreading wrong information about the rival´s product. This advertisement is also gimick the customer by misleading them in their promotional campaign. The prime purpose of these type of advertisement is to promote their product as superior and gain more sales due to wrong information spread.
In the given case, pharmaceutical company is falsely claiming that the product provides relief within two minutes due to its unique ingredients, which is deceptive advertisement.
