1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Airida [17]
3 years ago
12

What is the difference between accounting profits and economic profits? which of the two concepts is more appropriate for explai

ning decisions made by entrepreneurs? explain?
Business
1 answer:
Leya [2.2K]3 years ago
8 0
Economic profits. An entrepreneur is more interested in economic profits
You might be interested in
Which of the following is not a type of consumer credit?
Masteriza [31]
Automobile loans is not a type of consumer credit
8 0
3 years ago
Read 2 more answers
A study by the National Bureau of Economic Research (NBER) examined the responsiveness of consumers to changes in gasoline price
Y_Kistochka [10]

Answer:

Gasoline consumption will decrease by a small amount.

Explanation:

A coefficient of elasticity of less than one indicates that demand is inelastic.

Inelastic demand means that there's little or no change in quantity demanded when there's a change in the price of a product.

Quantity demanded has little or no sensitivity to changes in price.

If the coefficient of elasticity is greater than one, demand is elastic.

Elastic demand is when a small change in price has a greater effect on the quantity demanded.

If the coefficient of elasticity were equal to one, it means that demand is unit elastic.

Unit elastic demand means a change in price leads to the same proportional change on quantity demanded.

I hope my answer helps you

3 0
3 years ago
According to the article, how can you guarantee that your talk or speech will be interesting to your audience? Is this good advi
PilotLPTM [1.2K]

Answer:

7 c's of communication

Explanation:

Talk or speech needs to be interesting for audience, to attain the desired goal of communication.

The public communication would be effective & interesting ; if it satisfies 7 c's of communication - Clear, Concise, Correct, Coherent, Complete, Courteous, Considerate.

Communication not satisfying one or many of above C's is likely to be ineffective &, or uninteresting for audience

8 0
2 years ago
Select the correct answer from each drop-down menu.
QveST [7]

Answer:

government's  policy.

Explanation:

Govenment policies on tax decide what to tax and where to allocate the resources of the tax.

7 0
3 years ago
Flo Choi owns a small business and manages its accounting. Her company just finished a year in which a large amount of borrowed
prohojiy [21]

Answer:

See the answers below

Explanation:

Depreciation: when a valuable assets  loses value over time

the decision she took was to reduce salvage value, increase depreciation expenses and decrease profit tax

. Is Choi’s rule an ethical violation, or is it a legitimate decision in computing depreciation?

Choi's choice of rule is unethical but there are companies in recent tines who employ the same method. It is not keeping with best practices. However, she can employ the recent accounting methods. disclosed if there are changes made.

3. How will Choi’s depreciation rule affect the profit margin of her business?

Her profit margin will increase almost by double

6 0
3 years ago
Other questions:
  • High Plains Inc. manufacturers furniture in North Dakota. High Plains receives its wood from a lumber yard in Calgary. The lead
    6·1 answer
  • What specific strategies Gloria can use to help her son make better decisions
    8·1 answer
  • Suppose an institution has purchased a $250,000 mortgage loan from the loan originator and wishes to create a mortgage pass-thro
    15·1 answer
  • In economics there are positive statements and normative statements. The following is an example of a normative statement: "Stud
    9·1 answer
  • Suppose you've just inherited $10,000 from a relative. You're trying to decide whether to put the $10,000 in a non-interest-bear
    9·1 answer
  • A local sports team sends out messages to cell phones of loyal fans informing them about a tailgate event before the next home g
    9·1 answer
  • What is the name for the decrease in value of a fixed asset as it gets used and worn out over time?
    11·2 answers
  • If you are falling behind on your student loan payments, which of the following steps should you take to avoid default?
    5·2 answers
  • If the unemployment rate is 5.8% and the number of unemployed persons is 15 million, the labor force is approximately:__________
    14·1 answer
  • A car rental agency rents 220 cars per day at a rate of 28 dollars per day. For each 1 dollar increase in the daily rate, 6 fewe
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!