Answer:
$150,000
Explanation:
Amount paid after project completion was =$50,000
The sales revenue for the new company = $550,000
Total deductions =$(250,000+70,000+30,000)=$350,000
Economic profit is the difference between the earned revenue from sell of outputs and cost of all inputs used and any opportunity costs.
In this case, opportunity cost will be the amount received by the web designer after the quit of the project.
Economic profit = $550,000 - $350,000-$50,000 = $150,000
Answer:
C. Jones may not join the board because the rules prohibit all firm professionals from serving as a director of a client.
Answer:
Explanation:
Date. Description/Account. Debit. Credit.
1/1/2020. Unearned Compensation. $69,000
Paid - in Capital in Excess of Par. $69,000
Common stock. $10,000
12/31/2020 Compensation Expense. $23,000
Unearned Compensation. $23,000
Answer:
C. biased, understating the effectiveness of the diet.
Explanation:
As the company promises the population of America which is too huge, just on the study based on 20 employees of the company itself.
This clearly means that the company is trying to sell the product with false reports as the sample size of study is to small to represent entire American Population.
Further that too the employees could be influenced to get the false results.
As since the employees could be influenced and that the results can be altered accordingly, the report is biased, and is misleading.
