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3 years ago

Accounting profits are typically

Business

1 answer:

vodomira [7]3 years ago

5 0

Answer:

d. greater than economic profits because the former do not take implicit costs into account.

Explanation:

Accounting profit is total revenue less total cost or explicit cost.

Explicit cost are costs that is actually incurred. They appear in the financial statements of a company.

Economic profit is accounting profit less implicit cost.

Implicit cost is also known as opportunity cost. It is the cost of the activity forgone in order to carry out another activity. For example, if I earn $100 working as a teaching assistant but resign to start my own business as a fashion designer where I earn $500, my opportunity cost is $100.

Accounting profit is usually greater than economic profit because it doesn't take into account implicit cost. Accounting profit can be equal to economic profit if implicit cost is zero.

I hope my answer helps you.

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Bumek [7]

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<u>Explanation</u>:

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3 years ago

According to arnold and bustos, which two sectors of the US economy are the mot carbon-intensive?

Stels [109]

Answer: Transportation and electricity generation

Explanation:

According to Arnold and Bustos, the two sectors of the United States economy that are the most carbon-intensive are the transportation sector and the electricity generation sector.

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2 years ago

The operations of Knickers Corporation are divided into the Pacers division and the Bulls division. Projections for the next yea

Dominik [7]

Answer:

c.$36,750

Explanation:

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Operating income = Segment margin - Total cost

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= $36,750

Therefore, The Operating income for Knickers Corporation as a whole if the Bulls division were dropped would be $36,750.

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3 years ago

For the scenario below, determine the legality of the company's actions.

IgorLugansk [536]

Answer:

Option C because it is impossible to determine the legality based on the facts given.

Explanation:

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3 years ago

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devlian [24]

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3 years ago