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Marta_Voda [28]
3 years ago
8

What is the primary difference between accounting profits and economic profits?

Business
1 answer:
sergejj [24]3 years ago
6 0

Answer: Accounting profits ignore implicit costs; economic profits consider them.

Explanation: In simple words, implicit cost refers to the cost of choosing the best alternative and loosing the profit that one could have earned by choosing the second best alternative.

Accounting profit is the revenue that one has left with after compensating for explicit cost but economic cost also takes into consideration the implicit one.

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If you encounter a process that has limited flexibility, shorter lead times, and cheaper products, customization most likely is
lord [1]

Answer: late in the supply chain

Explanation:

Assemble to order refers to a strategy whereby the products ordered by customers are manufactured quickly while they are customizable to an extent

Even though the basic parts of the product are manufactured already, they're not yet assembled until an order comes in.

If a process that has limited flexibility, shorter lead times, and cheaper products, customization most likely is occuring late in the supply chain.

7 0
2 years ago
The assembly department had beginning work in process of 18,000 units, ending work in process of 22,000 units, and units transfe
salantis [7]
Hi there

beginning work in process+units started or transferred in=ending work in process+units transferred out

So we need to find units started or transferred in=58,000+22,000−18,000
=62,000...answer

Hope it helps
3 0
3 years ago
A land development company is considering the purchase of earth-moving equipment. This equipment will have an estimated first co
liraira [26]

Answer:

Explanation:

Let the number of days per year that the company will need the equipment in order to justify its purchase b represented by x.

Based on the information given, this will then be:

1130x + 180x = 199000(A/P, 10%,10) - 65000(A/F, 10%, 10), + 32000 + 220x

1310x = 199000(0.1627) - 65000(0.0627) + 32000 + 20x

1310x - 20x = 32377.3 - 4075.5 + 32000

1290x = 60301.8

x = 60301.8/1290

x = 46.75

Therefore, the answer is 46.75 days.

6 0
2 years ago
Southwest Airlines is able to keep fares low, in part because of relatively low maintenance costs on its airplanes. One of the m
Marizza181 [45]

:

.

Explanation:

the reason maintenance cost are low is because the airline has just one type of aircraft which is boeing 737.

a. the measurable dependent variable for the study is the fares of the southwast airlines.

b. a factor that might affect the independent variable is the three versions that are being used by the southwest airlines. <u>the independent variable here is the maintenance cost of the airlines.</u> the factor has 3 different levels which are boeing -700, -800, -900ER

thank you!

4 0
3 years ago
Shaila wants to add new tabs to her PowerPoint. She selects New Tab and renames it. She then starts adding the terms Bring Forwa
m_a_m_a [10]
I think the answer is D, but I may be wrong. The reason why is Shaila needs PowerPoint to check her grades to ease all the work.She may just add it into the main tabs.
5 0
3 years ago
Read 2 more answers
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