Answer: should be reported at $70,000.
Explanation:
Gross profit is the profit that is made by a business after the costs that are used during production has been deducted from the revenue gotten from sales. Therefore, the gross profit will be:
Sales revenue = $200,000
Less: cost of goods sold = $130,000
Gross profit = $200,000 - $130,000 = $70,000
Therefore, the gross profit should be reported at $70,000
Answer:
D) the production of an additional unit of dynamite costs the same regardless of whether chemicals or labor are used.
Explanation:
Average total cost (ATC) per unit will be lowest where ATC curve intersects marginal curve (MC). At that point producing an additional unit of dynamite will cost the same no matter which combination of inputs (chemicals or labor) is used. At this point, production costs will be minimized, and then they will rise again (ATC curve is U-shaped).
Answer:
Option A is the better choice of the two given any positive rate of return.
Explanation:
As sue explains to professor klein, in a business process, activities interact to achieve a business function. Different activities of a business need to work with each other to achieve a common goal. If the functions of a business do not align, the end result will likely not happen because each part of the business needs to work together.
red and orange because tertiary colors are combinations with primary and secondary colours.
