Answer:
There are two types of profit and costs in nay business, which are accounting costs/profit and the economic costs/profits.
Accounting costs include everything that is tangible or the monetary costs a firm pays, while the economic costs include the cost which is intangible(Opportunity costs) as well as tangible.
Here in this question, the profit of the firm therefore is,
a. From an accountant;s definition = 130000-(6000+42000+7000) = 75000.
b. From an economist's definition = 130000-(6000+42000+7000+65000+6000) = 4000.
Hope this helps you. Thankyou.
(A) the coach's leadership style to guide employees to achieve the best possible results.
The four styles of leadership (coaches, facilitators, delegators, and leaders) can be demonstrated by individuals, depending on the circumstances they are facing and the level of ability and motivation they or their follower's exhibit.
Leadership is about achieving goals through the guidance of human assistants. A leader is someone who is successful in getting his human colleagues to achieve a specific goal. A good leader is someone who can do this every day, year after year, under different circumstances.
<em>This question is incomplete. Please read the question below.</em>
Rhea is a manager at an art supply store. She closely supervises her employees, but also explains decisions and asks for feedback. Which leadership style does Rhea use?
A. Coach
B. Supporter
C. Delegator
D. Director
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The journal entry for the issuance of the stock for issue of 40 shares at a par value of $20, will affect a credit to Common Stock for $800.
<h3>What is a journal entry?</h3>
The process of maintenance of systematic and chronological records of financial transactions during a given financial period is known as a journal entry.
Hence, option C holds true regarding the journal entry.
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Answer: D:to know how much money she has for budgeting
Explanation:
The options include:
A:to organize when to pay to bills
B:to determine the exact date she can retire
C:to ensure she's paying her fair share in taxes
D:to know how much money she has for budgeting.
The best reason for Nina to monitor her bank account statements online or on her cell phone app is to know how much money she has for budgeting.
Monitoring ones account online will enable one to know the amount that one has in the account and this can ensure that one makes adequate plans on how to spend the money through budgeting.
Answer:
To maximize profit , the firm should shut down
Explanation:
In this question we are tasked with stating what a firm should do to maximize profits or minimize loss.
In this particular situation, what the firm should do is to shut down. why?
The reason why the firm should shut down is that the price per unit is less than the average variable cost. In the question, we can identify that the price per unit is $3 while the average variable cost is $3.50. We can see that the price per unit is less than the average variable cost from their values.
And hence to minimize loss or maximize profit, what the firm has to do is to shut down its operations
