Gross Profit = $145000
It can be solved with two methods one is by making reverse Income Statement or with the use of equations
<u>Net Income 29500</u>
Income Tax Expense 52500
Other expenses:
Loss from sale of investment 93000
Interest Expense 85000
<u>Income from Operations 260000</u>
Operating expenses 405000
<u>Gross Profit 145000</u>
Net sales 1200000
What is Gross Profit?
Gross profit is determined by deducting opening stock, purchase and direct expenses from sales and closing stock. It can also be determined by deducting cost of goods from sales.
GROSS PROFIT = Sales - Direct expenses
The sale value of your goods less the cost of manufacturing it is your gross profit. It's the sale price of your services less the cost of a time it took to complete the task for a service-based business. Total sales (sometimes referred as the revenue or turnover) less the total cost of goods sold is another term for gross profit.
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Answer:
e. strategic alliance
Explanation:
Strategic alliance -
It refers to a type of mutual agreement between two companies to get mutually benefited by a common project , is referred to as strategic alliance .
It is different from that of a joint venture , where the two individuals merge their resources to start a new project .
But in case of a strategic alliance the agreement between the two parties is not very complex.
The agreement can be short term as well as long term .
The agreement is signed in order to expand into the new markets .
Hence , from the given information of the question ,
The correct option is e. strategic alliance .
Idk I don't know this question I'm not a 8th grader
Answer: c. a "fair use" exception to the provisions of the act.
Explanation: such digital sampling has been found by some federal courts to be a "fair use" exception to the provisions of the act. Fair use as a legal concept allows the reproduction or copying of copyrighted material without obtaining permission from the makers of such material and without paying fee or royalties. Purposes such as reviews, teaching, news reporting, etc. are all considered under the act.
