Answer:
The correct answer is letter "D": the firm should change to a different line of business.
Explanation:
Economic profit is the difference between the revenue a firm earns from sales and the firm's total opportunity costs. It is important to distinguish between accounting profit and economic profit. Accounting profit is total revenue minus the explicit costs of producing goods or services. Economic profit includes the opportunity costs a company losses or gains by choosing a route to pursue revenue. If a firm has an economic profit of zero, it implies the company should start looking for alternative ways to generate income.
Answer:
$85,500
Explanation:
The computation of the amount that was actually paid is
= Amount charged to warranty expense on its books - Deferred income tax before charging income tax
= $96,000 - $4,200 ÷ 0.40
= $96,000 - $10,500
= $85,500
Simply we subtract the deferred income tax before income tax from the warranty expense so that the actual amount could come
The fact that the machine building company identifies all potential buyers of wood lathes in the area and estimates the number of lathes each one might buy means that the company is using the market-build up to estimate market potential. This market-build up method produces accurate results if <span>the company has a list of all potential buyers and a good estimate of what each will buy.</span>
Answer:
Stratified random sample
Explanation:
Stratified random sample -
It is also known as quota random sampling and proportional random sampling .
It refers to the process of sampling , where the complete data or population is distributed into smaller sub - groups , known as the strata .
The distribution of the strata is done on the basis of certain factors like age , gender , education qualification , etc. , there by making the sampling process easier .
Hence , from the given information of the question ,
The correct answer is stratified random sampling .
