Answer:An incorporated business that puts all of its profits back into the business is a corporation. They are used by those common people and it can help the others who need the money. This will secure that the funds of these corporation will be shared also into its members incase of emergency.
Answer:
$3,785
Explanation:
FIFO Inventory valuation method requires that the Inventory which is purchased first should be sold first and inventory Purchased at last should be sold at last.
As we know Gross profit is the Net of Sales and Cost of Goods Sold.
Sales $9,800
Cost of Goods Sold <u>($6,015)</u>
Gross Profit <u>$3,785</u>
All workings are made in an MS Excel File, which is attached with this answer Please find it.
During this competitive analysis, the manager should look at All the factors such as :
- companies that produce other brand of pork-based sausages
- Morningstar, a company that has a complete line of soy-based products
- companies that produce other forms of breakfast meats like bacon
- Individuals who make their own sausage
hope this helps
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