Answer:
Which of the following are ways in which to calculate the benefit of selecting one alternative over another?
-An analysis that just looks at the relevant costs/benefits and identifies those that are differential
-the difference between the net operating income for the two alternatives
-an analysis that looks at all costs and benefits and identifies those that are differential
Explanation:
The beginning of wisdom in using accounting for decision-making is a clear understanding that the relevant costs and revenues are those which as between the alternatives being considered are expected to be different in the future.
Answer – PUBLICITY
A business owner featured on a local newspaper to share his
or her success story is being offered the opportunity to promote his or her
business through publicity. This is because the article published about him or
her will <span>build some measure of public awareness
about his or her products, services or/and expertise.</span>
Answer:
Explicit costs are the costs which requires the money to pay.
On the other hand, implicit costs refers to the benefit that is foregone by choosing some other work or doing some other activity.
Therefore,
Explicit costs are as follows:
1. Wages pays to his hired hand
2. Buys feed for his cows.
3. Gas expense that is used in truck
Implicit costs are as follows:
1. Foregone income of $27,000 from working at a dairy plant as a technician.
2. Time taken for extracting milk from all the cows.
Answer: $36 billion
Explanation: In this scenario the total national income formula is manipulated so that the wages figure is deduced. Total national income, also known as gross national income (GNI), is the total amount of cash earned by a country's businesses and individuals. It also forms part of the gross domestic product (GDP) formula. It is cacluated as follows:
Total national income = rent + interest + profits + wages
Total national income forms a part of the GDP formula in the following way:
GDP = Total national income + net foreign factor income + sales taxes + depreciation
Because none of the other GDP figures have been given, they fall away in this scenario. This means that when manipulated so that the wages figure is deducted, the final answer is as follows:
65 billion (GDP) = $7 billion (rent) + $15 billion (interest) + $7 billion (profits) + wages
∴Wages = $65 billion (GDP) - $7 billion (rent) - $15 billion (interest) - $7 billion (profits)
= $36 billion
It should be noted that the accountant-only tool that enables you to categorize a couple of transactions or a large batch of transactions in only a few click is Reclassify Transactions.
<h3>What is a Reclassify Transactions?</h3>
A Reclassify Transactions can be regarded as an accounting transaction that allows categorization of large batch of transactions.
This kind of transaction classification make transaction easier and safe time.
Learn more about Reclassify Transactions at:
brainly.com/question/20216218
