<span>The Gini ratio for lifetime income is less than the Gini ratio for annual income.</span>
I'm a little confused on this question however, I'm 99% sure the answer is illusory promise because an illusory promise is one that does not hold any legal weight due to it possibility being a biased and non mutual agreement and it's just a verbal contract in the place of a paper contract.
Solution :
1.
The income from renting his showroom that Paolo would receive if he allowed to rent his showroom is a Implicit cost as this is a cost which will not be paid in actual.
The wages as well as the utility bills paid by Paolo is an example of explicit cost as this cost would be paid in actual for the businesses and are added in accounting.
The wholesale amount that Paolo pays for the pianos to the manufacturer is an explicit cost and is aid in actual to the manufacturer.
The salary that Paolo could have earned if he choses to be an accountant will be an implicit cost as this cost is not paid in actual.
2. Paolo's accounting profit can be calculated by :
Accounting profit = revenue - explicit cost
= 851,000 - 476,000 - 281,000
= $ 94,000
3. Paolo's economic profit is :
Economic profit = accounting profit - implicit profit
= 94,000 - 34,000 - 71,000
= -11,000
Answer:
O Savings and loan associations
Savings and loan associations- best financial for businesses and contractor. Big benefits, big short-term loans.
Answer and Explanation:
The computation of the percentage of each amount is as follows;
<u>Particulars 2020 Change Percentage of change
</u>
a b (b ÷ a) × 100
Cash $170,000 $500,000 294%
Accounts Receivable $710,000 $270,000 38%
Inventory $520,000 $190,000 37%
Long Term Assets $2,100,000 -$200,000 -9.52%
Total Assets $3,500,000 $760,000 21.71%
