The statement is correct. Profitably, it makes sense for firms to shift their productive activities to countries where they can be performed more efficiently.
<h3>What is Profit perspective?</h3>
- The Profits Perspective is an economic viewpoint that focuses on the financial flows that determine total business profits. It is based on Jerome Levy's profits equation, which he discovered in 1908.
- It is also linked to the work of Hyman Minsky, a twentieth-century economist. The distinction between the revenue obtained from the sale of an outcome and the costs of all inputs used, as well as any prospect costs, is the financial profit or loss.
- Economic profit is calculated by subtracting opportunity costs and explicit costs from earnings earned.
- Economic profit is important because it aids in determining a company's profitability and financial performance.
- It demonstrates whether a specific business can cover its expenses while also generating revenue for stakeholders.
To learn more about Profit, refer to:
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Grace wants to be an astronaut. Which of the following goals would be appropriate for her? <span>I will become an astronaut by completing an undergraduate degree in aerospace engineering and a doctoral degree in biology. I will attain this goal by age 30. Although the statements above all relate to becoming an astronaut, this one is the only statement that expresses how Grace will become an astronaut. Growing up, we all have dreams of what we would like to do but knowing how and setting a goal for accomplishing them makes a dream become more of an attainable reality. </span>
Answer:
COGS= $67,200
Explanation:
Giving the following information:
Your campus computer store reported:
Sales Revenue of $168,000.
The company's gross profit percentage was 60%.
Gross profit= sales revenue - cost of goods sold
sales= 168,000
COGS=?
gross profit= 168,000*0.6= 100,800
COGS= 168,000 - 100,800= $67,200
Answer:
The lowest selling price Geneva should accept for this purchase order is $20 per unit
Explanation:
Geneva produced dolls with Variable manufacturing costs $20 per unit.
Geneva receives a purchase order to make 5,000 dolls as a one-time event and this order is during a period when Geneva does have sufficient excess capacity.
Fixed cost did not change and there was no Variable selling and administrative costs for this order.
The lowest selling price Geneva should accept for this purchase order = Variable manufacturing costs = $20 per unit
