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Kitty [74]
1 year ago
5

you make a clay pot for $10 and sell it to a customer for $40. what is your economic surplus associated with the transaction?

Business
1 answer:
Bess [88]1 year ago
3 0

The transaction's surplus in terms of the economy $30

<h3>Which principle states that the next-best choice you must forego in order to have something is its true cost?</h3>

The idea of opportunity cost, which states that the opportunity lost as a result of a decision, determines the true cost of an economic decision, is closely tied to the principle of substitution.

<h3>What is a sunk cost, give an example, and explain why it doesn't matter when deciding what to do in the future?</h3>

Sunk costs are viewed as bygone in economic decision-making and are not taken into account when determining whether to continue an investment project. Spending $5 million to establish a plant that is expected to cost $10 million is an example of a sunk cost.

To Know more about sunk cost

brainly.com/question/20438089

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Drag each tile to the correct box.
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5 0
3 years ago
The 2020 accounting records of Novak Corp. reveal these transactions and events.
anastassius [24]

Answer:

         Statement of Cash Flows (Direct Method)

          For Year Ended December 31, 2020

Particulars                                             Amount

Cash Flows from operating activities:

Cash Receipts from:

Customers ($50800+ $190100)   $240,900

Dividend Revenue                         $18,800           $259,700

Less: Cash payments:  

For Interest                                     -$10,000

For Income Taxes                          -$16,900

To suppliers for Merchandise       -$115,600

For Salaries and wages                  -$57,100

For Operating Expenses                -$28,300     -<u>$227,900</u>

Net Cash provided by operating activities       <u>$31,800</u>

4 0
3 years ago
What is the benefits of international bussiness to firms ?​
muminat

Answer:

Benefits to Firms

It helps in improving profits of the organizations by selling products in the nations where costs are high. It helps the organization in utilizing their surplus resources and increasing profitability of their activities. Also, it helps firms in enhancing their development prospects.

Explanation:

i just looked it up so hope it helps ;)

4 0
3 years ago
All of the following are advantages of using the services of an investment company except:
Serjik [45]
The one that is not an  advantage of using the services of an investment company is: D. insurance protection against loss of principal.
The largest risk in every investing actions is the loss of principal. If there is such a thing as insurance protection against loss of principal, people could buy as many shares as they want without having to worry about the potential loss.
4 0
3 years ago
Read 2 more answers
Rupert and Cordelia own an American company that does business in foreign nations. Getting a license in a new country can be cha
Daniel [21]

Answer:

Option C.The payment made by Cordelia but not the payment made by Rupert.

Explanation:

Based on the information given we were told that Rupert did the right thing and as well follow the due process and custom of the country because he fills out the license paperwork and as well takes the license paperwork to the correct office in which he pays the front desk person the amount of $100 to process the paperwork while Cordelia on the other hand violated the Foreign Corrupt Practices Act reason been that due to the connections she had in that country she went ahead to schedules an appointment with the minister in charge of commerce because the minister has the authority to determine the foreign companies that can get licenses and she as well pays the minister the amount of $200 to approve their license.

Therefore based on the scenario we can vividly say that the payment made by Cordelia but not the payment made by Rupert violated the Foreign Corrupt Practices Act.

7 0
4 years ago
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