Answer:
$37,000 and $13,000
Explanation:
The computation of the accounting profit and the economic profit is shown below:
Accounting profit = Total revenue - explicit cost
where,
Explicit cost = cost of helper + annual rent + material cost
= $12,000 + $5,000 + $20,000
= $37,000
So, the accounting profit is
= $72,000 - $37,000
= $35,000
And, the economic profit is
= Revenue - explicit cost - implicit cost
where,
Implicit cost = renting equipment + working for competitor + worth of entrepreneurial talents
= $4,000 + $15,000 + $3,000
= $22,000
So, the economic profit is
= $35,000 - $22,000
= $13,000
Their is a check that was not recorded properly, or all the deposits for the month where not recorded.
Answer:
Caring dairy
Explanation:
Caring dairy strategy is based on the following principle.
They check if a cooperative guarantees the following:
1. Supplies are hormone free
2. Bovine growth is hormone free
If they have a cooperative's guarantee then they buy milk and cream from that cooperative
In this way they are safe and can claim that their products are also hormone free
Financial Managers must know how to interpret a company's financial statements to effectively allocate the firm's financial resources and generate the best return possible for the company in the long run.
<h3>Financial Managers</h3>
They analyze the company's finances and report on the finding to their senior managers to maximize profits. Their role mainly includes:
- Prepare financial reports
- Review financial information
- Analyze market position for growth purposes
As with enhancement in technology, financial manager's role is mainly shifted from preparations of reports to analysis and determine the best possible ways for companies to expand.
<h3>Multiple Selections</h3>
Keeping in view the above points mentioned, the financial managers cannot recruit suitable candidates not setting the price of the company's product is their duty. Therefore, these points are invalid.
However, their roles do include allocating the firm's financial resources and generating the best returns for the company to grow in the long run.
Learn more on Financial Managers here: brainly.com/question/1305901
