Answer:
60 days
Explanation:
60 days must have elapsed before an insured can take a legal action concerning any dissatisfaction with payment for any claim. This is according to the Legal Actions Provision.
Cheers.
Solution :
1.
The income from renting his showroom that Paolo would receive if he allowed to rent his showroom is a Implicit cost as this is a cost which will not be paid in actual.
The wages as well as the utility bills paid by Paolo is an example of explicit cost as this cost would be paid in actual for the businesses and are added in accounting.
The wholesale amount that Paolo pays for the pianos to the manufacturer is an explicit cost and is aid in actual to the manufacturer.
The salary that Paolo could have earned if he choses to be an accountant will be an implicit cost as this cost is not paid in actual.
2. Paolo's accounting profit can be calculated by :
Accounting profit = revenue - explicit cost
= 851,000 - 476,000 - 281,000
= $ 94,000
3. Paolo's economic profit is :
Economic profit = accounting profit - implicit profit
= 94,000 - 34,000 - 71,000
= -11,000
Answer:
lead generation.
Explanation:
Lead generation -
It refers to the process of generating the interest of consumers regarding any goods and services , is referred to as lead generation .
The method is useful in the field of marketing , as it increases the possibility of the consumers buying the product and hence , increases the sale , which in turn is profitable to the company .
The method of lead generation is the part of advertizing or publicizing the goods and services .
Hence , from the given scenario of the question ,
The correct answer is lead generation .
Answer:
b. His real salary has fallen and his nominal salary has risen.
Explanation:
If the assistant manager's salary rose but he can't afford the goods he used to buy last year , it means that his nominal salary rose.
Nominal salary is the sum of real salary and inflation rate.
Real salary is nominal salary less inflation rate.
Real salary measures the purchasing power of salary.
If with the salary increase, the assistant manager could buy more goods compared to last year, both nominal and real salary increased.
I hope my answer helps you.
Answer:
ask the manager about the marginal cost.
Explanation:
When a business wants to maximise profit it chooses the level of production that gives maximum revenue at lowest cost. Since the average cost is rising, the manager should ask for the marginal cost of production.
Marginal cost is the extra cost incurred for producing an extra unit of a product.
To maximise profit the manager needs to get a production level at which marginal cost is lowest at highest revenue.
