1.) A- Carbon Dioxide
2.) D- Requiring governmental agencies to prepare environmental assessments and impact statements
I know for a fact these are correct because i just took the practice quiz.
The agent of Lisa would likely tell her about the process and the rules in regards of the disability buy and sell insurance. The agent would likely explain that if she acquired this type, the insured person would likely be protected when the person has exhibit a disability and that having this type of insurance have benefits and are likely to be tax free.
Answer:
True
Explanation:
Economic profits takes into account the impact of both the explicit costs and implicit costs. Accounting profit only considered the impact of explicit costs.
Explicit costs refers to the costs which are incurred for operating a business. It includes all the expenses for doing the transactions and can be measured in monetary terms.
Implicit costs are also defined as the opportunity costs. Opportunity costs refers to the foregone benefit that could be obtained from the next best alternative.
Economic profit = Total revenues - Explicit costs - Implicit costs
Accounting profit = Total revenue - Explicit costs
Raw materials are goods that are for processing which will result in finished products which are for sale.
The raw materials inventory includes the metal of $13,000 and the cloth of $6,000 or a total of $19,000. The $2,000 cleaning supplies do not fall under the classification of raw materials, instead, this falls under prepaid supplies and later reclassified to supplies expense once consumed.
Its a business
owned by only person ex. florists mechanics