Blog Inc., has net sales of $50,000, cost of goods sold of $30,000, and selling expenses of $5,000. Its gross profit is $20,000.
<h3>What is gross profit?</h3>
Gross profit is the profit of a company or an entity after subtracting all the costs that are related to manufacturing and selling its products or services.
Explanation:- Gross Profit = (Net Sales – Cost of Goods Sold)
= ($50,000- $30,000)
= $20,000
Hence, the gross profit of the Blog Inc., would be $20,000.
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When two products have similar core features, but are produced by different companies, competition results. Research your competition to figure out where you fit in or what to change.
Answer:
The inspection point is the stage of the production cycle where products are checked to determine whether they are acceptable or unacceptable units
Explanation:
Answer: spokperson
Explanation:
The ability for the global leader to be able to advocate and represent the company is refered to as the spokesperson.
As the spokesperson, the global leader should also communicate with different levels of both the internal and external stakeholders.
Other role of the global leader are monitoring, liasson, leader, negotiator, innovator, change agent and decision maker.
Answer:
8,850 units
Explanation:
We know that
Net income = Unit sales × (Selling price per unit - variable cost per unit) - Fixed cost
$23,600 = Unit sales × ($55 - $39) - $118,000
$23,600 = Unit sales × $16 - $118,000
$23,600 +$118,000 = $16 unit sales
So, unit sales = 8,850 units
The net income is computed below:
= Given percentage × Total fixed cost
= 20% × $118,000
= $23,600