Answer:
Opportunity cost, is the right answer.
Explanation:
The term opportunity cost is used to refer to the profit lost while an individual selects one alternative over another. This concept plays an important role as a reminder to examine all available alternatives before making a decision. For example, a person can produce 1 apple at $1 and juice at $1. Here, if person produce apple then the amount of juice the is opportunity cost to produce apple.
Answer:
Assume that currently there is no trade between them. Each country has 100 units of labor. Latvia produces fish, at a cost of 1 unit of labor per fish, and grain.
Explanation:
Answer:
Explanation:
The preparation of the retained earnings statement for the year ended December 31, 2020 is presented below:
Marigold Corporation
Retained Earning statement
For the year ended December 31, 2020
Beginning balance of retained earning $684,800
Add: Net income $1,690,600
Less: Cash Dividend paid -$84,200
Ending balance of retained earning $2,291,200
Answer: The total of $350,000 will be Maria and Javier's qualified business income.
Explanation:
The amount of guranteed payments, i.e., $500,000 will not be included in the qualified business income. Therefore, their qualified business income is $350,000. Since they are equal partners, we will divide the $350,000 by 2 which will give us $175,000 for each of them.
Answer:
<u>less profit per unit</u>
Explanation:
- If a customer normally orders 1,000 units, then total profit = $100-$60 * 1000 units = <u>$40,000.</u> (i.e we subtracted cost from selling price to determine profit per unit, and then multiply by the total unit ordered to get total profit)
- If you drop the price 20% out of $100 ($100 -
$80) for the order of 2000 units, then profit = $80-$60 * 2000 = <u>$40,000.</u> (i.e we reduced selling price by 20% and then substracted cost, $60 from selling price to determine profit per unit, and then multiply by the total unit ordered to get total profit)
Although the total profit is the same, we observe that the profit per unit is lesser on the larger order, which has a profit per unit of $20 ($80-$60), while the smaller order has $40 ($100-$60) per unit profit.
