Answer:
c. $300; negative $100
Explanation:
Accounting profit is total revenue less total cost or explicit cost.
Accounting profit = Total Revenue - Total cost
Total revenue = price x quantity
100 × $10 = $1,000
Total cost = $700
Accounting profit = $1000 - $700 = $300
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.
Implicit cost = $20 × 20 = $400
Economic profit = $300 - $400 = $-100
I hope my answer helps you
Digital Divide:
The digital divide is nothing but a term that refers to the gap which usually exist between individuals who have the capacity to access communication technology,modern information and those who lack such access.
Solutions for Digital divide:
- Increase affordability.
- Empowering users.
- Improve the relevance of online content.
- Internet infrastructure development.
Increasing affordability:
One of the main cause for the increase in the rate of individuals who lack access to internet is due to its high rate of affordability. Internet Taxes, Electricity rates must be made less and Government must help them through various digital tools.
Empowering users:
Most of them fail to realize the full use of Internet and its information. Empowering the internet users and making them realize the true potential of Internet technology can help them access it easily.
Improve the relevance of online content:
Most of the individuals can't use internet because they can't find content, online services ,web and mobile applications in their language which they can understand. Thus improving the relevance of Online content by making availability for all possible languages can sort the gap of digital gap.
Internet infrastructure development:
Lack of Infrastructure can also reduce the rate of individuals accessing internet. Thus by increasing the infrastructure can reduce the gap between Digital divide
This individual is known as the IT or the Information Technology Expert of the Company. He is engaged in developing programs that would make work in a company quicker and more efficient. ITs are actually very important people in our technologically developing world.
While most European countries are comparable to the united states in terms of the number of women in managerial positions, Germany stands out as the country that is drastically different with only 13 percent of management jobs held by women.
A managerial position is a role in which a man or woman is answerable for overseeing and coordinating the paintings of other employees. The supervisor may be responsible for supervising a team of workers, putting dreams and goals, and developing schedules and regulations.
Decrease control or operating management or supervisory management is the bottom degree of control. It includes frontline supervisors, superintendents, officers, and so forth. The managers at this degree are in direct touch with the operative employees.
First-line managers are entry-level managers who carry out on-the-ground control responsibilities. They are the managers who have the closest proximity with crew individuals, and they're generally responsible for making sure that their crew correctly includes our organizational desires on an everyday basis.
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Answer:
Journal Entry
Date Particulars Debit Credit
Mar. 17 Cash $275
Bad Debts $ 1000
Accounts Receivable( Shawn McNeely) $1275
As cash is received and also bad debts are written off from the same person a combined entry can be made for the accounts receivable.
When direct write off method is used the allowance for uncollectibles is not created. The bad debts are directly written off against the accounts receivable.