Answer:
A. becomes positive once the value of the next best use of resources used in production is included
Explanation:
Economic profit is accounting profit less implicit cost or opportunity cost.
Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.
Accounting profit is total revenue less total cost.
If in the short run firms are earning economic profit, in the long run firms would enter into the industry and this would drive economic profit to zero. While economic profit is zero, accounting profit would be postive. So the firm would still be earning accounting profit.
I hope my answer helps you
Answer:
$95,196.34
Explanation:
The answer to this question depends on the answer given, but it is not showing in this case so , find the present value of all the cashflows;
Recurring cashflow ; PMT= 10,000
Total duration; N =3
Interest per year; I/Y = 12%
Future value; FV = 100,000
then CPT PV = 95,196.337
The present value of these payments is $95,196.34
Answer and Explanation:
Ellen should look for job or business that is similar to his former work so that Ellen does the least harm so, Ellen must join a software company.
If Ellen left the company, Allen would have to make up for the loss of the company, but in this case the company has fired Ellen, due to which she will not have to pay any compensation.
Answer:
<u>Operational decision</u>
Explanation:
Remember, management takes several decisions which could be;
Group decisions,
Strategic policy, and
Operational decisions etc.
However, operational decisions are taken <em>usually by Top Management such as the production manager </em>in this scenario concerning issues that have a long time effect on the organisation's operational efficiency.
One such issues is the manner in which production is carried out.
Answer:
Option A. Variable costs of $56,700 and $43,900 of fixed costs
Explanation:
Given:
Jase Manufacturing Co.'s static budget at 7,800 units of production includes;
Direct labor = $39,000
Electric power = $3,120
Total fixed costs= $43,900
Variable costs = [$(39,000 + 3,120) ÷ 7800] × 10,500= $56,700
Fixed costs = $43,900
