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3 years ago

What is the different between economic profit and accounting profit

1 answer:

7 0

Economic profit consists of revenue minus implicit (opportunity) and explicit (monetary) costs, accounting profit consists of revenue minus explicit costs.

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In the systems approach to ob, person and situation factors are considered individual , while the three levels of analysis are c

Slav-nsk [51]

In the systems approach to ob, person and situation factors are considered individual, while the three levels of analysis are categorized as processes or inputs/outcomes.

An example of a system is the laws and procedures of a democratic government. An example of a system is how someone organizes their closet. An example of a system is all the organs that work together for digestion. It's an organized collection. A system has various inputs that go through specific processes to produce specific outputs that together achieve the desired overall goal of the system.

A system is a collection of elements or components organized for a common purpose. The term can describe an organization or plan itself (which has a similar meaning to the method, as in "I have my own little system"), or it can describe part of a system ( like "computer system").

Learn more about systems here

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3 0

2 years ago

Ziff Corp. has a very attractive credit policy, and none of its customers pays in cash when the firm makes a sale. Ziff Corp. se

posledela

Answer:

$148,500

Explanation:

Data given

Sales = $150,000

Rate of discount = 10

The computation of Ziff Corp. cash received from customer is shown below:-

Total collection = Sale × (1 - Rate of discount)

= $150,000 × (1 - 0.01)

= $150,000 × 0.99

= $148,500

Therefore for computing the total collection we simply applied the above formula.

8 0

3 years ago

You are a financial adviser working with a client who wants to retire in eight years. The client has a savings account with a lo

kramer

Answer:

$201,866.28

Explanation:

Using a financial calculator, input the following to calculate the the amount that would be required today to meet the goal; calculate present value (PV).

Future value ; FV = 1,000,000

Recurring payment PMT = 0

Total duration of the investment ; N = 8

Annual interest rate; I/Y = 9%

then compute the present value ; CPT PV = $501,866.28

Since she already has $300,000, find the balance;

Additional money needed = $501,866.28 -$300,000 = $201,866.28

6 0

4 years ago

The following table summarizes Nowman's non-cancelable operating lease payments with remaining terms in excess of one year for t

Anna007 [38]

Answer:

$1,872,000

Explanation:

The amount of operating lease obligation that needs to be reported on the balance sheet on December 31, 2018 is the total lease payment in next following years

= $220,000 + $180,000 + $240,000 + $210,000 + $190,000 + $832,000

= $1,872,000

If you want to know the payment lease in 2024 - 2027, we do as following:

The average of prior years between 2019 to 2023

= ($220,000 + $180,000 + $240,000 + $210,000 + $190,000)/ 5 years

= $208,000

And for years after 2023, the annual lease payment should be treated as the average of prior years between 2019 to 2023, then lease payment in 2024 - 2027 is $208,000 annually. Total $832,000 in 4 years.

8 0

3 years ago

Which pitfall to sound economic reasoning is illustrated when a person comments that "capitalists focus only on profits and don'

lidiya [134]

Answer:

B. Biases

Explanation:

A bias occurs when an individual makes an ill informed decision. This usually results from previous experience or deeply held beliefs about a situation. The individual diverges from rational choice and are rather influenced by emotions and invested opinions.

When a person says capitalists focus more on money and do not care for their workers, this is a subjective statement that is not based on facts. In capitalism it is not all employers that focus on only making money. Employer-employee relations are important for efficient production. So this statement is made on the basis of the speaker's bias.

5 0

3 years ago

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