Answer:
The accounting profit is $30,000.
Explanation:
The implicit cost of running the restaurant is the opportunity cost of giving up a salary of $40,000 per year working as a chef.
The revenue earned from the restaurant is $100,000.
The explicit costs is
= $50,000 + $20,000
= $70,000
An accountant will consider only the accounting cost or explicit cost in the calculation of profits.
Accounting profit
= Total revenue - Explicit costs
= $100,000 - $70,000
= $30,000
Answer:
d. backorder
Explanation:
Based on the scenario being described within the question it can be said that the sales associate most likely offered to backorder the item for Linda. This is when a retailer places an order for a product that is no longer in stock for the time being, in order to comply with the customer, but will take a while for that order to come in and for the transaction to be completed.
Answer:
Identifying and typing resource
Explanation:
Measurable defined or stated as the capabilities as well as the levels of the performance, resources are identified or recognized and the basis for every category.
The resources comprise of the following kinds or types, which are equipment, aircraft, teams, vehicles and supplies.
Resources are the categories of the typing through the capability, the mobilized the incident management and the response.
Therefore, the identifying and the typing resource is the resource management activity.
Answer: Lindsay took out a Loan to purchase her new home. Lindsay also paid money in advance this is known as a down payment. If Lindsay dose not make her loan payment on time the bank will most likely foreclose.
