Answer:
I think it is the buddy approach method.
Explanation:
Answer:
in this problem, we need to calculate Gomez's accounting and economic profit. To do this, let us first classify and list the explicit and implicit costs. Revenue: Sales: $85,000 Explicit costs: Cost of one helper: $18,000 Rent: $8,000 Materials: $24,000 These are the costs that require an outlay of cash. Implicit costs: Opportunity cost of funds invested in equipment: $7,000 Gomez could have invested the funds in another asset that could earn him $7,000 Opportunity cost of working as a potter in his own shop: $20,000 Gomez could have worked as a potter for a competitor that could earn him $20,000. This is the worth of Gomez's skill as a potter. Entrepreneurial talent: $4,000 This is the worth of Gomez's talent in running the business. These costs do not require an outlay of cash. These are the implicit costs. Now, we are ready to calculate both the accounting and economic profit of Gomez. a. Calculate the accounting profit for Gomez's pottery firm. $_ Accounting profit = Total Revenue − Total Explicit Costs Accounting profit = $ 85 , 000 − ( $ 18 , 000 + $ 8 , 000 + $ 24 , 000 ) Accounting profit = $ 85 , 000 − $ 50 , 000 Accounting profit = $ 35 , 000 The accounting profit is equal to $35,000. b. Now calculate Gomez's economic profit. $_ Economic profit = Total Revenue − Total Explicit and Implicit Costs Economic profit = $ 85 , 000 − ( $ 18 , 000 + $ 8 , 000 + $ 24 , 000 + $ 7 , 000 + $ 20 , 000 + $ 4 , 000 ) Economic profit = $ 85 , 000 − $ 81 , 000 Economic profit = $ 4 , 000 The economic profit is equal to $4,000.
The correct answer should be fewer employment opportunities. If it's declining then that means that it doesn't need new people to develop it which means there's fewer opportunities.
Answer:
$66,680
Explanation:
The computation of the cost pf goods sold is shown below:
= Number of units sold × average cost per unit
where,
Number of units sold equals to
= Beginning inventory units + purchased units - ending inventory units units
= 3,000 units + 6,000 units - 5,000 units
= 4,000 units
Now the average cost per unit would be
= (Beginning inventory + purchases) ÷ (Beginning inventory units + purchased units)
= ($20,000 + $130,000) ÷ (3,000 units + 6,000 units)
= $16.67
Now put these values to the above formula
So, the value would equal to
= $4,000 units × $16.67
= $66,680
Situational crime prevention includes crime <span>prevention strategies that are aimed at reducing the criminal opportunities. </span>
It is true that according the situational crime prevention items which are disposable and can be easily sold by thieves are most likely to be taken.
