Answer:
i think they are personal, formal and informal
Explanation:
im not sure but i think thats it
Answer: Accounting profit = $35000, Economic profit = $13000
Explanation:
Accounting profit = Revenue - Explicit cost
Accounting profit = Revenue - Cost of Help - Rent - Cost of materials
Accounting profit = $72000 - $12000 - $5000 - $20000
Accounting profit = $35000
Economic profit = Revenue - Explicit cost - Implicit Cost
Economic profit = Revenue - Cost of Help - Rent - Cost of materials - Renting equipment - working for competitors - talent
Economic profit = $72000 - $12000 - $5000 - $20000 - $4000 - $15000 - $3000
Economic profit = $13000
Answer:
C.51.63%
Explanation:
Gross profit percentage = Gross profit/ Net sales ×100
Gross profit $700,400
Net sales $1,356,504
Hence ;
$700,400/$1,356,504 ×100
=51.63%
Therefore the gross profit percentage is
51.63%
Answer:
A) True
Explanation:
The GAAP doesn't allow corporations to record any income or loss from investments in its own stock (repurchase and reissuing) since transactions involving the owners of the corporation cannot result in profit or losses. Shareholders are the owners of the corporation and it cannot make a profit or loss by selling to itself.
Reissuing or repurchasing of stock only affects the balance sheet, like all transaction involving stocks.
Tax incidence shows the dividion of tax burdent between buyer and seller.
so, the correct answer should be C.