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Verizon [17]
3 years ago
6

Which situation describes a company experiencing a loss? click or tap a choice to answer the question. the explicit costs are hi

gher than the implicit costs. total cost is higher than total revenue. total revenue is more than total cost. the total cost is equal to the implicit costs?
Business
1 answer:
MA_775_DIABLO [31]3 years ago
6 0
A company is experiencing a loss, IF THE TOTAL COST IS HIGHER THAN THE TOTAL REVENUE. Total cost refers to the summation of all the money spent to get a product into the market while total revenue refers to the amount of money that a company make from the sale of its goods or services. The total revenue should be higher than the total cost in order to record a profit, if the situation is otherwise, a loss has been experienced. 
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The loan officer at 2nd National Bank tells Lana she can afford a monthly payment of $1,900 on her new home loan. Assuming this
Olegator [25]

Answer:

5.56%

Explanation:

Annual payment = Monthly payment * 12

Annual payment = $1,900 * 12

Annual payment =  $22,800

So, she can afford to pay $22,800 in a year

The interest rate is Lana getting = Annual payment / principal balance

= $22,800 / $410,000

= 0.0556

= 5.56%

3 0
3 years ago
If we assume that both countries specialize according to their comparative advantage, then how do we find a terms of trade that
levacccp [35]

Answer:

The best way to find terms of trade that will ensure that two entities are in the best terms of trade will be to look at the opportunity costs of the various products they produce.

A high opportunity cost in one product relative to that of the other entity means the entity with the higher opportunity cost should be trading with the entity with the lower opportunity cost and vice versa.

For example, assume that an entity "A" produces both rice and beans whilst an entity "B" also produces rice and beans too.

If the opportunity cost to A of producing Beans is 300 bags of rice whilst the opportunity cost to B of producing Beans is 120 bags of rice, and the opportunity cost to A of producing rice is 180 bags of beans whilst it is 250 bags of beans to B, the principles of comparative advantage require that A should focus more on producing rice and purchase beans from B whilst B should focus more on producing beans and purchase rice from A.

Cheers!

4 0
3 years ago
On its December 31, 2017, balance sheet, Estes Co. reported its investment in trading securities, which had cost $500,000, at fa
kogti [31]

Answer:

Estes must adjust the Securities Fair Value Adjustment account (which is a contra asset account) by debiting $17,500 (= $475,000 - $492,500). Since the investment in trading securities is considered an asset but it had lost value, an unrealized loss of $25,000 was reported in its 2017 balance. Since the investment's value has increased, the unrealized loss has to decrease. This is done by crediting an unrealized gain of $17,500 in the Unrealized Gains account (equity account).

3 0
3 years ago
PLSSS HELP IF YOU TURLY KNOW THISS
sleet_krkn [62]
I believe it is C………
7 0
2 years ago
In a lean system, the work in process and raw materials inventory accounts are combined.
7nadin3 [17]

Answer: True

Explanation:

Lean is simply defined as management practices that are used by companies or organizations in order to improve the effectiveness and the efficiency during production by eliminating waste.

It should be noted that in a lean system, the work in process and raw materials inventory accounts are combined.

3 0
4 years ago
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