Explicit and Implicit costs should be considered when measuring economic profit because a business must cover its opportunity costs as well as its out-of-pocket expenses to be truly profitable. Economic profit consists of revenue minus implicit (opportunity) and explicit (monetary) costs. Explicit costs are monetary costs a firm has. Implicit costs are the opportunity costs of a firm’s resources.
Answer:
$73 = unitary variable cost
Explanation:
<u>To calculate the unitary variable cost that will yield the break-even point, we need to use the following formula:</u>
Break-even point in units= fixed costs/ contribution margin per unit
50,000= 100,000 / (75 - unitary variable cost)
3,750,000 - 50,000unitary variable cost= 100,000
3,650,000 = 50,000unitary variable cost
$73 = unitary variable cost
Answer:
because the supplier is already supplying sellers with what the entrepreneur is supposed to be selling and if more people are going to the other suppliers than no one will buy it from the entrepreneur because they can get it from suppliers
Explanation:
sorry if its wrong!
In 1679 , New hemisphere was separated from Massachusetts.
New hemisphere become a royal colony of the british crown.
Answer:
April 2
Inventory 4,600 debit
Account Payable 4,600 credit
April 3
freight-in 300 debit
cash 300 credit
April 4
account payable 600debit
Inventory 600credit
April 17
Account Payable 4,000debit (4,600 - 600)
Discount 80debit (4000 * 2%)
Cash 3,820credit
April 18
Inventory 8,500 debit
Account Payable 8,500 credit
April 21
Account Payable 1,100debit
Allowance Inventory 1,100
April 28
Account Payable 7400debit (8,500 - 1,100)
Discount 148debit (7400 * 2%)
Cash 7252credit
