Answer:
<u>explicit</u>, <u>accounting</u>
Explanation:
Costs can be categorized into two kinds, explicit costs and implicit costs.
Implicit costs take into consideration those costs which are not actually incurred such as opportunity costs. Those costs represent a cost in economics but not in accounting.
Accounting is only concerned with journalising and recording of explicit costs which are the costs which are visible and which have been actually incurred.
Owing to this difference in recognition of costs, accounting and economic profits differ.
Explicit costs owing to this very reason are sometimes referred to as accounting costs.
Selling price = $4.50
Copies sold = $1 million
Fixed costs = $1 million
Unit variable costs = $0.50 per magazine
Sales = $4,500,000
Fixed costs = $1 million
Variable costs = $500,000
Revenue = Sales - fixed costs - variable costs
Revenue = $4,500,000 - $1,000,000 - $500,000
Revenue = $3,000,000
Answer:
136.11
Explanation:
Consumer price index = price of basket current year/ price of basket base year x 100
For 2015( 3units pork x $20 + 4 units corn x $12) = $108
For 2016( 3units pork x $25 + 4 units corn x $18) = $147
CPI = $147/$108 x 100
= 136.11
Answer:
Gross profit is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. Gross profit will appear on a company's income statement and can be calculated by subtracting the cost of goods sold (COGS) from revenue (sales).
Explanation:
Gross profit is the profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services. Gross profit will appear on a company's income statement and can be calculated by subtracting the cost of goods sold (COGS) from revenue (sales).
Answer:
I believe it is business and finance.
Explanation:
Well, using logic, we can denote away communication and insurance, as clerks and receptionists to not deal with insurance. Nor do they deal with administrative or information. They could potentially deal with publicity and management, but they morely manage business-related topics. Sorry if I'm wrong, I'm only in 8th grade.