Competition has driven the economic profits in the dog grooming business to zero. surya bacha, would be better off leaving the industry for another alternative. This statement is false.
<h3>What is economic profits?</h3>
Economic profit is the difference between implicit costs and accounting profit. Implicit cost is the cost of the next best option that is forgone when one option is chosen over another option. For example, if Surya left his job as an accountant to start his business. If he earns $100,000. His implicit cost would be $100,000.
Economic profit = accounting profit - implicit cost
Accounting profit is the difference between explicit cost and revenue. Explicit cost is the cost that is actually incurred. An example of explicit cost is the wages paid to labor.
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Solution:
Date General Journal Debit Credit
July 04 Accounts receivable 5,620
Sales 5,620
July 04 Cost of goods sold 3,597
Merchandise inventory 3,597
July 09 Cash 19,200
Factoring fee expense 800
Accounts receivable 20,000
July 17 Cash $3,091
Accounts receivable $3,091
July 27 Cash 10,960
Notes payable 10,960
July 27 No journal entry required
Answer:
The mistake could be as Transparency International publish the index "backwards" being zero highly corrup nation while 10 a nation with low level of corruption. This could make a person to see the relationship as positive but it isn't. a higher GDP is consistent with a a governement with low levels of corruption.
Higher GDP per capita countries has lower levels of corruptions. thus a higher value in the index.
Explanation:
Answer:
Explanation:
The committee began its work by identifying the most significant issues confronting coastal environments. This assessment was based on the collective experience of committee members as well as perspectives gained from background documents. The recently completed Regional Marine Research Plans (see Appendix C) provided the views of scientists and environmental managers from the major coastal regions of the United States. Also, the Group of Experts on the Scientific Aspects of Marine Pollution listed the most serious problems affecting the marine environment around the world (GESAMP, 1990). Some of the issues highlighted in the committee's list have been recognized for decades. The committee believes that achieving further significant progress in addressing these issues will require joint agency efforts spanning terrestrial and coastal systems. Such efforts are needed urgently and are now possible under the aegis of the Water Subcommittee.
The committee chose issues that are characterized by their wide geographic scope (e.g., are shared by many regions of the country) and that address the problems of (1) sustainable use of resources, (2) reversibility of effects, and (3) anthropogenically mediated deterioration of coastal systems:
eutrophication,
habitat modification,
hydrologic and hydrodynamic disruption,
exploitation of resources,
toxic effects,
introduction of nonindigenous species.
Answer:
12 bananas or 8 apples are needed to purchased
Explanation:
The computation of the number of bananas or the apples is shown below:
Since the income is $24
And, the price of an apple and the price of banana is $3 and $2 respectively
So, the number of bananas is
= $24 ÷ $2
= 12 bananas
And, the number of apples is
= $24 ÷ 3
= 8 apples
Therefore 12 bananas or 8 apples are need to purchased