Answer:
accounting profit = $25
Total cost = $15
Economic profit = $15
Explanation:
given data
spends = $5
Implicit cost = $10 per hour
sell = $30
to find out
calculate the total cost for one photo frame
solution
first we calculate here accounting profit that is
accounting profit = Sale price - cost spent on materials
accounting profit = $30 - 5
accounting profit = $25
and
Total cost = Explicit cost + Implicit cost
Total cost = 5 + 10
Total cost = $15
and Economic profit will be
Economic profit = Accounting profit - implicit costs
Economic profit = $25 - $10
Economic profit = $15
FIFO method :
Amount of Net Ducome GA per F1 Fo
Net Income (After Tan) $2144 mule
Add Income Tan Changed
(2144 X 100/70) X 30%. 76 $918.857 rude
$3062.857 nis
Add Closing Inventory Incrare as bei FIFO 293
Lesso Open Deventory Ducres asper FIFO (290 nulls)
Income before Taxes 3065.857 null
Income Taxes 30 y. (919.757 null)
Net Income 2146. to Pullen
FIFO ("first in, first out") is based on these production costs, assuming that the oldest products in a company's inventory are sold first. The LIFO (last in, first out) method assumes that the newest product in the company's inventory was sold first, and uses that cost instead.
FIFO (First In, First Out) Inventory Management evaluates inventory to reduce the likelihood of business losses when products are phased out or discontinued. LIFO (last in, first out) inventory management is suitable for non-perishable goods and uses the current price to calculate the cost of goods sold.
Learn more about FIFO at
brainly.com/question/24938626
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Answer:
c. customer relationship management
Explanation:
Customer relationship management -
It is the method , to manage the interactions of the present or previous customers with the company , by using the data , is known as the customer relationship manangement .
It make use of all the previous data in order to increase the business realtionship with the cutomers , for better profit .
The CRM , takes help from the website of the compnay , emails , chats and even social media , to perform its task .
Answer:
For example, it's really easy to finance while buying in an existing business while starting a new one. In Addition tons of bankers and investors all around the world would feel more comfortable dealing with a business that already has had a proven track record.
Explanation:
Answer:
The correct anwer is: the rest of the world; the United States.
Explanation:
Now, the goods exported by the United States tell only part of the story. Services are the largest export of this country, with sales abroad for 778,000 million dollars last year. In fact, the United States has a trade surplus of $ 243 billion in services, which is good news since the industries in this sector account for 71% of jobs in the country
These are the service industries that generate the most money:
-
Travel and transportation: 236,000 million dollars.
- Finance and insurance: 76,000 million dollars.
-
Intellectual property sales: 49,000 million dollars. This includes software, movies and TV shows.
