In zero accounting profit takes opportunity costs into account, whereas zero economic profit does not. If a firm has zero economic profits, they are able to have positive accounting profits. A zero accounting profit means that the revenue that is made is only covering explicit costs. A zero economic profit is normal when the total revenue and expenses equal zero.
Answer:
b. 502,000 units
Explanation:
- X
Desired Ending 34,000
R1 320,000
R2 180,000
Beginning (32,000)
Production Budget 502,000
32,000 + P = 34,000 + (320,000 + 180,000)
34,000 + 320,000 + 180,000 - 32,000 = 502,000 = Production
Answer:
Effect on income= $115,000 decrease
Explanation:
Giving the following information:
Fixed costs= $45,000
Number of units= 20,000
Unitary contribution margin= $8
<u>To calculate the effect on income, we need to use the following formula:</u>
Effect on income= decrease in fixed costs - decrease in contribution margin
Effect on income= 45,000 - 20,000*8
Effect on income= $115,000 decrease
Answer:
Feb. 1
Common Stock $4,600 (debit)
Cash $4,600 (credit)
Jul. 15
Cash $3,120 (debit)
Common Stock $3,120 (credit)
Sept. 1
Cash $2,860 (debit)
Common Stock $2,860 (credit)
Explanation:
Feb. 1
Common Stock $4,600 (debit)
Cash $4,600 (credit)
200 shares × $23 = $4,600
Jul. 15
Cash $3,120 (debit)
Common Stock $3,120 (credit)
130 shares × $24 = $3,120
Sept. 1
Cash $2,860 (debit)
Common Stock $2,860 (credit)
130 shares × $22 = $2,860
Answer:
Explanation:
A Supervised learning allows you to collect data or produce a data output from the previous experience while an unsupervised learning you do not need to supervise the model.
A. Deciding whether to issue a loan to an applicant based on demographic and financial data (with reference to a database of similar data on prior customers). - Supervised learning
B. In an online bookstore, making recommendations to customers concerning additional items to buy based on the buying patterns in prior transactions. - Unsupervised learning
c. Identifying a network data packet as dangerous (virus, hacker attack) based on comparison to other packets whose threat status is known - Supervised learning
d. Identifying segments of similar customers. - Unsupervised learning
e. Predicting whether a company will go bankrupt based on comparing its financial data to those of similar bankrupt and nonbankrupt firms. - Supervised learning
f. Estimating the repair time required for an aircraft based on a trouble ticket. - supervised learning
g. Automated sorting of mail by zip code scanning. - Supervised learning
H. Printing of custom discount coupons at the conclusion of a grocery store checkout based on what you just bought and what others have bought previously - Unsupervised learning
