The ruppe is the basic monetary unit in india
d. tyler says his profit is $34,100, and greg says he lost $6,500.
Accounting profit is simply revenues minus explicit (direct) costs whereas economic profit factors in opportunity costs and explicit costs.
Answer:
Refund
Explanation:
After acceptance, the next step is for the government to review your refund. During the review process, they look for math errors on your return (extremely rare in TurboTax) and check if you owe back taxes, unpaid child support, or other debts. If they need to make any corrections, they may offset (reduce) your refund.
Answer:
Explanation:
The direct cost is the cost that is directly related to production. The example is direct material cost, direct labor cost, etc whereas the indirect cost is the cost that is not directly related to the production. It is also known as overhead cost only records all indirect cost i.e depreciation on equipment of factory, property taxes, etc
Based on this, the classification is as follows
1 The wages of pediatric nurses / The pediatric department = Direct cost (D)
2 Prescription drugs / A particular patient = Direct cost (D)
3 Heating the hospital / The pediatric patient = Indirect cost (D)
4 The salary of the head of pediatrics / The pediatric patient = Direct cost (D)
5 The salary of the head of pediatrics / The particular pediatric patient = Indirect cost (D)
6 Hospital chaplain's salary / A particular patient = Indirect cost (D)
7 Lab tests by outside contractor / A particular patient = Direct cost (D)
8 Lab tests by outside contractor / A particular department = Direct cost (D)
The five foundations of trade are:
- incentives
- tradeoffs
- opportunity cost
- marginal thinking,
- principle that trade creates value.
<h3>Why do we engage in trade?</h3>
There are five main foundations of trade that are the reason why people engage in trade. One of them is the profit incentive to make money from trade. Another is the tradeoffs that people are forced to make to survive.
Opportunity cost also leads to trade because people give up one thing for another and so may have to sell the thing they gave up to receive the thing they want. There is also the principle which posits that when we trade, value is created. Finally, there is marginal thinking which is thinking along the lines of the benefit of one additional unit.
Find out more on the foundations of trade at brainly.com/question/2710473
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