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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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MrRa [10]

Answer:D.None of the option is correct, the correct answer is Buy; savings=$203,000

Explanation:

The firm will Incurred the total fixed overhead it decides to make.

The total cost of making 6000 units is $163*6000=$978,000

The total cost of buying is $144*6000= $864,000 and when we deduct $89,000 to be saved from fixed overhead by buying we have a total cost of( $864,000-$89,00) =775,000.

This invariably means the company will save ($978,000-$775,000) which is equal to= $203,000 by buying.

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3 years ago

Data concerning a recent period’s activity in the Prep Department, the first processing department in a company that uses proces

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Answer and Explanation:

a. The computation of cost of ending work in process inventory for materials, conversion, and in total is shown below:-

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For conversion = 930 × $6.23

= $5,793.90

For total cost of work in process inventory = $32,572.80 + $5,793.90

= $38,366.70

b. The computation of cost of the units completed and transferred out for materials, conversion, and in total is shown below:-

For material = 21,700 × $15.66

= $339,822

For Conversion = 21,700 × $6.23

= $135,191

For total cost of completed and transferred units = $339,822 + $135,191

= $475,013

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3 years ago

In a tcs project that involves tcp ip customer ip and or partner/vendor ip, it is important for the tcs project team to comply w

const2013 [10]

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Rapid product development in workplaces and workshops designed in the manner of Silicon Valley helps customers of TCS Digital Reimagination Studio to utilize the advantages of digital technology.
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1 year ago

Fill in the blanks: direct deposit typically refers to your ______ sending your ______ electronically to your bank account.

d1i1m1o1n [39]

Direct deposit typically refers to your <u>employer</u> sending your<u> paycheck </u>electronically to your bank account.

<h3>What is direct deposit?</h3>

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2 years ago

Which of these is not a primary concern of socially responsible consumers?

Klio2033 [76]

C i belive im pretty sure sure.

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3 years ago

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