Answer:
Answer for the question:
Accounting versus economic profit During a particular year, an advertising firm has the following costs: $575,000 in wages and salaries paid to employees; $70,000 in rental payments for office space; and $27,000 for office supplies, advertising, and utilities. In addition, Susan, the owner of the firm, works for the firm full time (and is not paid a salary, since she gets the firm's profit). If she did not work for the advertising firm, Susan could earn $120,000 per year working as an advertising agent for another firm. For each possible amount of total revenue, fill in the accounting profit and economic profit of the advertising firm. Total Revenue ($) Accounting Profit ($) Economic Profit ($) 750,000 800,000 850,000900,000
Is given in the attachment.
Explanation:
The answer is: Understored
Understored refers to a situation when an area have less sellers for a certain product than it actually needed. When this happen, most of the demand in that area would fall to the hands of one or only a select few of stores. This basically ensure high profitability for these stores.
Answer:
The 4 main component of Business studies are,
- Finance
- Accounting
- Marketing
- Organizational Studies
Explanation:
Finance concerns with managing the money and the wealth of the organization so it could grow in the future.
Accounting is the function that records, controls and interprets the financial performance of an organization.
Marketing deal with the market that the company operates in, to enable the organization to adapt according to the current market status and customer needs.
Organizational studies the different aspect of organization, how to form them, control them, maintain them, different structure, etc.. Also, it concerns about the functions of a manager in an organization. Such as planning, leading and controlling.
According to the definition of market value an appraiser should ignore the concessions, complete the appraisal, and select appropriate comparables if there are special or creative financing terms present for the subject property.
<h3>What is market value?</h3>
- The price at which an asset would trade in a competitive auction environment is known as its market value, or OMV.
- Despite the fact that these phrases have different meanings under various standards and can have variations in some situations,
- market value is frequently used interchangeably with open market value, fair value, and fair market value.
- You would multiply the total number of outstanding shares by the current share price to determine a company's market value.
- If ABC Limited, for instance, has 50,000 shares outstanding at a price of $25 apiece, its market value would be $1.25 million (50,000 x $25).
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Answer:
Draw the person's budget constraint with the income guarantee