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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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Operating leverage is easier to control and manage than financial leverage because operating leverage deals with the internal wo

zzz [600]

Answer: FALSE

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The management of a company can easily control financial leverage as it is in their hands to issue or redeem debt. On the other hand, increase or decrease in operating income is dependent on various external factor.

Hence the given statement is false.

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3 years ago

a significant lag for monetary policy is the time it takes to for a change in the money supply to change the economy. a signific

Andre45 [30]

A significant lag for monetary policy is the time it takes to for a change in the money supply to change the economy. a significant lag for fiscal policy is the time it takes to pass legislation authorizing it. False

Monetary policy is the macroeconomic policy set by the central bank. It is the demand-side economic policy adopted by national governments to achieve macroeconomics, including the management of the money supply and interest rates.

Monetary policy refers to the measures taken by a country's central bank to control the money supply for economic stability. For example, policymakers manipulate the money supply to increase employment, GDP, and price stability using tools such as interest rates, reserves, and bonds.

Targets such as inflation, c monetary policy is the macroeconomic policy set by the central bank. It involves the management of the money supply and interest rates and is the demand-side economic policy adopted by national governments to achieve macroeconomic goals such as inflation, consumption, growth, and liquidity. Consumption, growth, liquidity.

Learn more about Monetary policy here:

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4 0

1 year ago

Powder room mess. for $300,000, willis agrees to build a new home for robert, who is very picky. willis builds the home to rober

irga5000 [103]

These types of damages are called “Compensatory damages”.

Willis breached the contract but the breach was not material. So as a way to compensate for the damages Willis have made, he offered instead to pay $300 to put the correct faucets and linoleum in the powder room.

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3 years ago

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Vikentia [17]

Answer:

B. reduced the price elasticity of demand for its products

Explanation:

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3 years ago

A ___________ plan can help you identify steps needed to restore a failed system. business continuity disaster recovery risk man

Alex777 [14]

Answer:

Disaster recovery plan

Explanation:

Disaster recovery plan (DRP), it is a plan or approach which is structured as well as documented, states how the organization or business could resume work after the unplanned incident happen.

It is the vital part of the business as depend on the functioning of IT, it aims to resolve the loss of data and also recover the system functionality so that the could perform well after incident.

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3 years ago