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Cerrena [4.2K]
3 years ago
12

What is the different between economic profit and accounting profit

Business
1 answer:
Alla [95]3 years ago
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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If textbooks and study guides are complements, then an increase in the price of textbooks will result in a. more textbooks being
julia-pushkina [17]

Answer:

d. fewer study guides being sold

Explanation:

If there is an increase in the price of textbooks, it is fair to assume that demand for textbooks will fall and, thus, textbooks sales will also fall. When goods are complements, a decrease in demand for a certain good means that its complements will also experience a similar decrease in demand. Since textbooks and study guides are complements, the sales of study guides will also fall.

Therefore, the answer is d. fewer study guides being sold

7 0
3 years ago
A change from straight-line depreciation to double-declining-balance depreciation would be reported as__________.
sertanlavr [38]

A change from straight-line depreciation to double-declining-balance depreciation would be reported as a restatement of the prior period statements only.

The term depreciation refers to an accounting technique used to spread the cost of a tangible or physical asset over its useful life. Depreciation indicates how much of an asset's value has been used. It allows companies to generate income from the assets they own by making payments over a period of time.

Depreciation expense is apportioned to charge a reasonable portion of the depreciation amount for each accounting period over the expected useful life of the asset. Depreciation includes the depreciation of assets with a predetermined useful life.

Learn more about depreciation here:brainly.com/question/1203926

#SPJ4

8 0
2 years ago
Is W. L. Gore a mechanistic or an organic organization? Support your answer with examples from the case
Jet001 [13]

W. L. Gore has nearly 10,000 employees and more than $3 billion in annual revenues, but, as noted earlier, uses an extremely organic organizational structure. Employees have no bosses, participate on teams, and often create roles for themselves to fill functional gaps within the company.

4 0
2 years ago
Which selling approach is considered direct and focuses mainly on convincing the buyers that the item is needed?
arsen [322]

Answer:

Which selling approach is considered direct and focuses mainly on convincing the buyers that the item is needed?

A. upselling

B. consultative selling

C. relationship selling

D. personal selling

E. traditional selling

answer is B

3 0
3 years ago
9. The risk-free rate and the expected market rate of return are 5.6% and 12.5%, respectively. According to the capital asset pr
Scrat [10]

Answer:

21.2%

Explanation:

CAPM = risk free rate +( beta x expected market return)

5.6% + (1.25 x 12.5%) = 21.2%

4 0
3 years ago
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