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GrogVix [38]
3 years ago
11

Economic profits are Multiple Choice always larger than accounting profits. the sum of accounting profits and implicit costs. eq

ual to the difference between total revenues and implicit costs. equal to the difference between accounting profits and implicit costs.
Business
1 answer:
AleksandrR [38]3 years ago
6 0

Answer:

The answer is: Economic profits is equal to the difference between accounting profits and implicit costs.

Explanation:

Unlike accounting profits which only take explicit expenses into account, Economic profits take both explicit and implicit costs into account to come up with the net worth a firm/a project is generating.

These implicit costs are opportunity costs which by operating a firm or by taking a project, an economic benefit has to be sacrificed for the firm or the project to be operated/ carried out.

So, to come up with economic profit from accounting profit, we have to further subtract implicit cost from accounting profit or:

Economic profit = Accounting profit - Implicit costs.

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On March 1, 2018, Gold Examiner receives $165,000 from a local bank and promises to deliver 100 units of certified 1-oz. gold ba
photoshop1234 [79]

Answer:

<u><em>there are two performance: </em></u>

the sales revenue and the insurance.

cash     165,000 debit

    unearned revenues   165,000 credit

--to record collectiong from local bank

unearned revenues  165,000 debit

    sales revenues                    151,000 credit

    insurance liability                  9,900  credit

--to record gold delivered to Brink's--

insurance liability   9,900 debit

      insurance fees earned       9,900 credit

--to record reception of bank from Brink/end of the insurance--

Explanation:

sales revenue

100 x 1,410 = 141,000 = 94%

insurance:

100 x 90 =       9,000 =   6%

   total         150,000

combo: 165,000

sales revenue:             165,000 x 94% = 155,100

insurance fee earned: 165,000 x 6% =      9,900

7 0
3 years ago
Fair Oaks Farms’ manure management, specifically the use of cow manure to power their facilities and fuel their milk tankers, is
dedylja [7]

Answer:

Natural resources

Explanation:

Im not quite sure what your asking but if im right I think  they have the competitive advantage of natural resource which would be the cow poop/manure that theyre using to power there facilities and fuel milk tankers.

sorry if im wrong

3 0
2 years ago
The complement of 35% is:
Lena [83]
<span>100%-35%=65% 

the compliment of 35% is 65%

</span>
6 0
3 years ago
Baseball Corporation is preparing its cash budget for January. The budgeted beginning cash balance is $18,600. Budgeted cash rec
professor190 [17]

Answer:

Company should borrow = $15200

Explanation:

Below is the calculation for the borrowing amount:

Cash balance at the beginning = $18600

Add - Cash receipts = 186000

Less- Cash disbursements = (189200)

Budgeted cash balance = 18600 + 186000 - 189200 = 15400

Borrowing will be = Ending cash - 15400

Borrowing will be = 30600 - 15400

Borrowing will be = $15200

Company should borrow = $15200

6 0
2 years ago
For a restaurant, the logical activity base for wages expense would be a. number of customers. b. number of employees. c. number
vovikov84 [41]

Answer: The answer is B, the logical activity base for salary expenses is Number of employees.

Explanation:  

For a restaurant, the logical activity base for salary expenses is the number of employees because the more employees you have, the more salary expenses the company will have.

6 0
3 years ago
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