Answer:
The correct answer is letter "A": economists include opportunity cost in zero economic profit, while accountants do not include opportunity cost in zero profit.
Explanation:
Normal profit is an economic term that means zero economic profits. To an economist, this is normal since total revenue equals total cost which includes both explicit and implicit costs. It differs from the accounting profit or zero profits since the latter does not take into consideration implicit cost.
Answer:
2 3 For commodity X average cost is equal to marginal cost at every level of from ... curve is linear, analyze the effects when a unit tax of u dollars is imposed. Now analyze the effects of the same tax assuming that the market for X is a monopoly. ... Suppose that the demand curve is (where is the number of gallons of liquor ...
Explanation:
Answer:
$4,775
Explanation:
Given that,
Allowance for Uncollectible Accounts = $1,700
Write off in Accounts receivable during the year = $875
Allowance for Uncollectible Accounts required = $5,600
Closing Allowance for Uncollectible Accounts:
= Allowance for Uncollectible Accounts - Write off in Accounts receivable during the year
= $1,700 - $875
= $825
Bad debt expense for 2022:
= Allowance for Uncollectible Accounts required - Closing Allowance for Uncollectible Accounts
= $5,600 - $825
= $4,775
Answer:
1) disagree with the protesters because these practices will help make both rich and poor countries richer.
Explanation:
Free trade and foreign direct investments should make increase the wealth of both poor countries and rich countries. This rarely happens due to one main problem, corruption in poor countries. A lot of people are angry at foreign multinational corporations that have excessive powers on poor countries and they also earn extremely high profits, but it is not only the fault of the multinationals, it is also the fault of the poor countries' leaders.
No corporation can simply go to another country and claim everything for themselves, ti doesn't work like that. Generally corporations have very deep pockets and they simply bribe a president, a secretary of something, a few more people including congressmen and magically they purchase the purchase assets at below market prices. This repeats again and again everywhere around the world, with a very few exceptions.
For example, Ireland was extremely poor and when it joined the European Union it decided to host several multinationals and it has turned into a developed country since then. Chile is another successful story, and it was a dictator that opened Chilean economy to foreign investment.
The problem with most poor countries is that their corrupt leaders benefit themselves and not the country.
As regulated by the FDA, if a menu item is described as low fat, it must contain 3g of fat, or less, per serving. No more than 30% of calories can be from fat.
