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Olin [163]
3 years ago
8

Billy Bob runs a seafood restaurant. Last year he earned $50,000 in revenue. He had explicit costs of $20,000. Billy Bob could h

ave made $30,000 working for the county and could have received an additional $20,000 if he rented out his building and equipment. Calculate Billy Bob’s economic profit. Group of answer choices -$20,000 $20,000 $0 $30,000
Business
1 answer:
Anit [1.1K]3 years ago
4 0

Answer: -$20,000

Explanation:

Economic profit = Accounting profit - Opportunity cost

Accounting profit = Total revenue - Explicit cost.

Total revenue = $50,000

Explicit cost = $20,000

Opportunity cost = $30,000 + $20,000 = $50,000.

Accounting profit = $30,000

Economic profit = $30,000 - $50,000 = -20,000

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IRB continuing review of a greater than minimal risk approved protocol that is currently enrolling subjects must ______________-
Stolb23 [73]

Answer:

Occur at least annually

Explanation:

Greater than minimal risk protocols that have been approved must undergo review at least once a year. However IRBs usually specify a shorter period than this for reviews. The principal investigator holds the duty of ensuring that signed consent forms are kept confidential. The IRB are not required to review these confidential forms.

6 0
3 years ago
Why language is an important of communication tools? <br>​
eimsori [14]

Answer:

Because Language is a communication tool used by everyone in their daily life as a means to convey information and arguments to others. Explanation:

Makes Sense.

7 0
2 years ago
Read 2 more answers
The owner of an Italian restaurant has just been notified by her landlord that the monthly lease on the building in which the re
almond37 [142]

Answer:

b. No - the increase in lease expense is a fixed cost.

Explanation:

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2 years ago
"true or false: effective communication involves not only sending information but also receiving it."
goblinko [34]
True...........!!!!!!
4 0
3 years ago
On January 5, Thomas Company, which follows a calendar year, issued $1,000,000 of notes payable, of which $250,000 is due on Jan
Norma-Jean [14]

Answer:

The December 31 balance sheet should show the following liabilities:

Current liabilities:

Current portion of notes payable $250,000

Long term liabilities:

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Even if the total liability is due in more than one year, but a tranche or installment is due within one year, this must be included as current portion of long term liability under current liabilities.  

4 0
2 years ago
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