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2 years ago

Costs are all of the costs associated with an economic exchange?

Business

1 answer:

kodGreya [7K]2 years ago

4 0

Transaction costs are all of the costs associated with economic exchange.

Economic exchange is a technical term that is used to refer to the economic interaction between different organizations. It refers to the exchange of goods, money, or business ideas.

Transaction costs refer to the costs that are incurred during the exchange between different organizations. The cost of the goods and services falls under this category.

The exchange of goods and services is called a transaction, and the costs related to that transaction are called transaction costs.

Transaction costs can be divided into two types- internal transaction costs and external transaction costs. Internal costs are those that are incurred within the company. Costs incurred outside the company are external costs.

To learn more about the economic exchange,

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True or false. leadership in a team is a key component to team success.

vitfil [10]

The answer to this is true

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3 years ago

Admire County Bank agrees to lend Givens Brick Company $600,000 on January 1st. Givens Brick Company signs a $600,000, 8%, 9-mon

NeTakaya

Answer:

The journal entry for the issuance and the proceeds of the note is shown below:

Explanation:

Cash A/c.........................Dr $600,000

Notes Payable A/c......Cr $600,000

The givens company received a amount of $600,000 from the bank, so cash is increasing and increase in cash is debited. Therefore, the cash account is debited. Whereas, the cash against a note payable, which increases the liability and any increase in liability is credited. Therefore, notes payable is credited.

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3 years ago

Which of the following groups declares the start and end of recessions in the U.S.? rev: 05_30_2018 Multiple Choice The Business

antiseptic1488 [7]

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Explanation:

The Business Cycle Dating Committee under the National Bureau of Economic Research are tasked with declaring the beginnings and the endings of the Business cycle. They do this by reviewing Economic wide measures especially GDP to see if prevailing conditions are still ongoing.

To declare a Recession, the Economy would have to be experiencing a significant downward trend in widespread economic activity reduction over more than a couple of months but for a Recession to be declared as over and back to a Peak, it might take longer than that.

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3 years ago

The authorized service center is located in Boston. Because Cookie Creations values serving its customers, it pays the shipping

Alex777 [14]

Answer:

$180

Explanation:

Calculation to determine Cookie Creations’ warranty liability for the shipping costs at December 31, 2020.

Using this formula

Warrant liability=Numbers of mixers sold × Percentage of mixers returned for repair or replacement ×The average cost to ship a mixer

Let plug in the formula

Warrant liability=30 x 10% x $60

Warrant liability=$180

Therefore Cookie Creations’ warranty liability for the shipping costs at December 31, 2020 will be $180

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2 years ago

Harvey quit his job at State University, where he earned $62,000 a year. He figures his entrepreneurial talent or forgone entrep

Liula [17]

Answer:

Accounting profit = 120,000

Explanation:

Accounting profit = total revenue - explicit costs

Accounting profit = 72*10,000 - 60*10,000

= 720,000 - 600,000 = 120,000

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2 years ago