Answer:
The correct answer is letter "A": economists include opportunity cost in zero economic profit, while accountants do not include opportunity cost in zero profit.
Explanation:
Normal profit is an economic term that means zero economic profits. To an economist, this is normal since total revenue equals total cost which includes both explicit and implicit costs. It differs from the accounting profit or zero profits since the latter does not take into consideration implicit cost.
Answer:
A partnership's allocations of income and deductions to the partners are required to be proportionate to the partners' percentage ownership of partnership profits in order to meet the substantial economic effect tests.
True
Explanation:
Equity and equality must be put in place as a yardstick to allocate such which would bring a common ground for both parties.
Answer:
a). Unemployment rate in March=8%
b). Unemployment rate in April=9.4%
Explanation:
a).
The unemployment rate can be expressed as;
R=P/L
where;
R=unemployment rate
P=number of unemployed persons
L=labor force
In our case;
R=unknown
P=number of unemployed persons=labor force-number of employed persons
P=100-92=8 million
L=100 million
replacing;
R=8/100=0.08×100=8%
The unemployment rate in March=8%
b).Unemployment rate for April
Unemployment rate={(total unemployed+discouraged workers)/(labor force+discouraged workers)}×100
total unemployed=8 million
discouraged workers=1.5 million
labor force=100 million
replacing;
Unemployment rate=(8+1.5)/(100+1.5)=(9.5/101.5)×100=9.4%
Unemployment rate in April=9.4%
Answer:
Price of unibic, preference for other glucose biscuits, and inadequate marketing and branding campaigns had a negative impact on the financial performances of unibic in its early years
Explanation:
The three factors that negatively impacted the financial performances of unibic in its early years were as follows
a) The price of Unibic cookies was higher as compare to its other competitors.
b) During those days, glucose biscuits were preferred as compared to bakery cookies of Unibic
c) Packaging, branding and marketing not as per the public requirement
