Answer:
Jennifer earned an accounting profit of $1,000 and economic loss of $26,000
Explanation:
Total revenue for Jennifer is $39,000.
Explicit costs incurred is $38,000.
The implicit cost or opportunity cost involved is $27,000.
Accounting profit takes into account explicit costs only. It does not include implicit costs involved in the production process.
Jennifer has earned an accounting profit of
= Total revenue - Explicit costs
= $39,000 - $38,000
= $1,000
Economic profit takes into account the explicit cost as well as implicit cost.
The economic profit earned
= Total revenue - Total costs
= $39,000 - ($38,000 + $27,000)
= - $26,000
Answer:
Good luck with the promotion, here are some ideas for the company!
I think it’s the second one letter B
Answer:
Which mastery color indicates Apprentice level?
Yellow
Gray
Red
Green
Answer: Green
Explanation:
An apprentice level is an arrangement of preparing another age of experts of an exchange or calling with hands on preparing and frequently some going with (study hall work and perusing). Apprenticeships can likewise empower experts to increase a permit to rehearse in a directed calling. A large portion of their preparation is done while working for a business who enables the apprentices to get familiar with their exchange or calling, in return for their proceeded with work for a concurred period after they have accomplished quantifiable abilities. Apprenticeship lengths fluctuate altogether across parts, callings, jobs and societies. Individuals who effectively complete an apprenticeship at times can come to the "understudy" or expert accreditation level of fitness.
Answer:
1. Accounts receivable due = Accounts receivable + Allowances
2008
= 760,100 + 26,259
= $786,359
2009
= 840,810 + 23,936
= $864,746
2. Amount of receivable written off = Beginning balance for Allowance for doubtful accounts + Bad debt - Closing balance for allowance for doubtful accounts
= 9,200 + 3,400 - 9,148
= $3,452
3. Gross sales = Net Sales + Sales returns
Sales Returns = Closing balance for reserve for product returns + goods returned - Opening balance for reserve for product returns
= 14,788 + 3,440 - 17,059
= $1,169
Gross sales in 2009 = 6,244,800 + 1,169
= $6,245,969
4. Cash collected = Credit Sales - Goods returned - Bad debts written off - Ending receivables balance + Beginning receivables balance
= 6,245,969 - 3,440 - 3,452 - 864,746 + 786,359
= $6,160,690
