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mario62 [17]
3 years ago
8

Sam's total revenue from pilot training classes equaled $90,400. Sam's implicit costs for this year are equal to

Business
1 answer:
Vanyuwa [196]3 years ago
6 0

Answer: $45,600

Explanation:

The Implicit cost is the opportunity cost. In other words, it is cost that was incurred because a revenue opportunity was sacrificed.

Sam sacrificed his salary as a pilot, his interest payment and the building he could be renting out.

His total implicit cost is;

= 40,000 + (10,000 * 6%) + 5,000

= $45,600

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Answer:

D

Explanation:

Invoices are documents that convey purchases.

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3 years ago
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What is a conglomerate? a large corporation that produces and sells its goods and services throughout the world the combination
miskamm [114]

Answer:

A conglomerate is a business combination merging more than three businesses that make unrelated products.

Explanation:

A conglomerate is a group of companies with different activities. This business concept spread to Europe from the United States after World War II. The benefits were considered to increase the company's long-term profitability by spreading risk to various business areas.

However, conglomeration often led to an increase in administrative costs. Furthermore, the conglomerate's management rarely had the competence to handle a number of companies in different industries. The conglomerates that were listed on the stock exchange were regularly valued lower than the total market value of the subsidiaries, indicating that the stock market did not believe in the very idea of ​​creating such corporate groups. The risk diversification that the conglomerate was aiming for could equally well be achieved by the individual investor in his own equity portfolio. Therefore, since the 1970s, many conglomerates have split up, and most companies have instead focused on creating competitive advantages through their core business.

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3 years ago
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When examining whether a company has underrecorded accounts payable, all of the following ratios are helpful EXCEPT: a. Quick as
Valentin [98]

<u>Answer:</u> Option B

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Under recording the liability in the balance sheet such as accounts payable may become a liability fraud case. It is significant that the balance sheet has to be analysed using the acid test ratio which is quick assets/current liabilities. If this ratio has increased suddenly then it is clear that the accounts payable is understated.

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3 0
3 years ago
Thermopolis, Inc. reported retained earnings of $490,953 on December 31, 2017. During the year, Thermopolis recorded net income
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the Opening retained earning balance is $413,640

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The computation of the retained earnings have been on December 31, 2016 is shown below:

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3 years ago
Which of the following would cause the supply curve to shift to the right?
AnnZ [28]

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Technology improves production.

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Supply refers to the quantity of goods and services produced and offered to the market for sale.

There are several factors that could cause the supply curve to shift to the right, one of which is technology improves production. An improvement in technology will phase out manual or slow process of production hence shifts supply curve to the right.

When government increases tax on a business, if will affect the income that should have accrued to the business hence supply curve inward. An increase in input prices will affect production cost thereby shifting supply to the left. Also when there is a decline in the numbers of consumers, it will shift supply curve inward because it is these consumers that will purchase whatever that is produced and supplied to the market.

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