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3 years ago

As long as there are costs, profit will be greater than profit.

Business

1 answer:

gizmo_the_mogwai [7]3 years ago

6 0

The answer is: As long as there are economic costs, accounting profit will be greater than economic profit.

Economic costs are defined as the opportunity cost incurred when processing inputs for production, while economic profit is defined as the combination between the revenue that a business entity generates and the monetary and opportunity costs that it pays.

Accounting profit, on the other hand only accounts for the monetary costs that a business entity has to pay and the revenue that it generates.

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Can this setup be used to electroplate a layer of silver on a pair of wooden chopsticks??

yKpoI14uk [10]

Answer:

Explanation:

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3 years ago

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Alexeev081 [22]

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3 years ago

" One of the difficulties in measuring the effectiveness of IMC efforts is the _______________, where consumers do not act immed

omeli [17]

Answer:

lagged effect

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3 years ago

On the Budget Challenge Cash Flow Spreadsheet (CFS) (this file is downloadable on the "How to Play" page of the website), what c

stira [4]

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3 years ago

On its 2008 balance sheet, Sherman Books showed a balance of retained earnings equal to $510 million. On its 2009 balance sheet,

Marta_Voda [28]

Answer:

a. The company must have had net income equal to zero in 2009.

Explanation:

If on its 2008 balance sheet, Sherman Books showed a balance of retained earnings equal to $510 million, and on its 2009 balance sheet, the balance of retained earnings was also equal to $510 million; then what is true is that the company must have had net income equal to zero in 2009.

Retained earnings is the profit amount or net income left over and taken back into the business after it has paid out dividends to its shareholders.

However it is unlikely that the company will pay out the entire amount it earns in a particular year but a percentage of earnings.

In the case of Sherman, it is unlikely that the company made a profit of $200 million and paid out every bit as dividends to shareholders but what is most likely is that there was no profit made for retention in 2009

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3 years ago

As long as there are ____ costs, ____ profit will be greater than ____ profit.

As long as there are costs, profit will be greater than profit.