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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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Based on the limited amount of information provided, what would you guess is the social style of the buyer? how about the social
KengaRu [80]

Customer social style refers to the method customers use when interacting.

In terms of personality, communication style, behavior, mental processes, and decision-making methods, customers differ.

<h3>Who is a Customer ?</h3>

A person who purchases goods or services from a shop, eatery, or other retailer is referred to as a customer.

A customer is any person or organization that makes a purchase from another firm. Customers are essential to businesses because they provide revenue; without them, they could not run.

No matter what industry you are in or what kinds of goods and services you provide, your clients are the most important component of your organization. Without the customer, there are no sales. As a result, they are essential in developing your marketing strategy and messaging.

To learn more about Customer from the given link:

brainly.com/question/13472502

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8 0
2 years ago
Should any of these ratios or the change in a ratio warrant concern for the managers of Tyler Toys or the​ shareholders? ​(Selec
Murrr4er [49]

Answer:

<u>C. The company has a very poor turnover of assets and collects its receivables​ quickly; thus there are some concerns from these ratios. D</u>

<u>Explanation:</u>

Let's be mindful that turnover here refers to <em>revenue</em>, while receivables​  refer to<em> amounts owed to the company</em>.  So, If the company has a very poor turnover of assets it means it isn't making much revenue, and it is collecting its receivables​ quickly implying there are some concerns (imbalances) from these ratios.

Therefore, the managers of Tyler Toys or the​ shareholders need to work out a solution.

4 0
3 years ago
A company received 500 applications for a specific position.30 were given an assignment test. Only 15 were invited to an intervi
morpeh [17]
I think c might be wrong tho
4 0
3 years ago
If mistakes or fraudulent reporting behavior are discovered, auditors require the company to correct all significant information
stepladder [879]

Answer:

The correct answer is True.

Explanation:

In the context of the audit of financial statements, fraud consists of recording intentional errors in the financial statements. The two main fraud categories are: fraudulent financial reports and asset misappropriation.

Fraudulent financial reports are characterized by containing errors or intentional omissions in the amounts with the intention of deceiving users. Most cases of fraudulent financial reports overestimate assets and income or omit financial liabilities and expenses to show higher income.

6 0
3 years ago
Striking apparels has launched its new stock of summer wear. it plans to target shoppers between the ages of twenty and thirty t
const2013 [10]

Answer:

The answer is marketing.

Explanation:

Marketing is commonly defined as efforts to buy, advertise, distribute, and sell a product or service.

It is clear from the description in the question that Daniel works in the department since he is responsible to market Striking Apparel’s new products based on the target shoppers through social media and email marketing efforts such as sending out promotional emails and messages.  

3 0
3 years ago
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