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3 years ago

Firms earning zero economic profit are

Business

1 answer:

worty [1.4K]3 years ago

3 0

Answer:

The answer is letter A. Earning normal profits because their returns on investment are equal to the opportunity costs of the time invested.

Explanation:

Because all resources are being used efficiently and there is no need to use them elsewhere.

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what a successful entrepreneur's profile is and to determine whether your personal characteristics fit that profile. I

ANTONII [103]

Answer:

Explanation:

A successful entrepreneur’s profile is characterized of the following:

1) Self-control: this is the belief that you can do a certain job better than others in the most accountable and responsible manner.

2) Self-confidence: it refers to the never-ending spirit of urgency to develop ideas

3) Realism: it refers to the acceptance of the things as they occur and dealing with them cautiously.

4) Conceptual capability: it refers to an entrepreneur’s ability to recognize relationships swiftly even in the midst of difficult situations.

5) Comprehensive awareness: it refers to the ability to understand complicated situations through planning, strategic decision making, and pursuing multiple business ideas concurrently.

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2 years ago

Amy owns a salon and spa. She’s leasing a prime piece of real estate in which she’s installing salon chairs, counters, massage t

Nina [5.8K]

The correct answer to this open question is the following.

Amy owns a salon and spa. She’s leasing a prime piece of real estate in which she’s installing salon chairs, counters, massage tables, spray tan vestibules, washers, and dryers. These items are considered commodities and pluses that improve the quality of the leasing and upgrade the facility. These are also tools to help the new operator to properly do the work and offer great client service. With all those elements, Amy can justify the amount of money she asks for the rent of the space. More items included, the higher the prize.

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2 years ago

Bank dealers in conversations among themselves use a shorthand notation to quote bid and ask forward prices in terms of forward

lora16 [44]

Answer:

C) in swap transactions where the trader is attempting to minimize currency exposure, the actual spot and outright forward rates are often of no consequence.

Explanation:

Swap transactions occur with negotiations based on the profitability of two goods, in relation to the profitability related to the value of a currency of a given location. As the currency value of these two goods can vary significantly, the traders involved in this process always seek to minimize currency exposure, as well as real cash rates. This gives space for bank brokers to use shortened laces notation, where future price predictions are considered.

3 0

3 years ago

Manson Industries incurs unit costs of $7 ($5 variable and $2 fixed) in making an assembly part for its finished product. A supp

sergiy2304 [10]

Answer:

Manson Industries

The total cost savings that Manson will realize by buying the assembly part instead of making it is:

($14,700), showing that more costs will be incurred.

Explanation:

a) Data and Calculations:

Make Buy

Variable cost per unit $5 $6

Fixed cost per unit 2 2

Total cost per unit $7 $8

Total units required 14,700 14,700

Total costs $102,900 $117,600

Cost saving = ($14,700)

b) Based on the above calculations, it benefits Manson more to produce the part internally than to buy from an outside supplier. There is a cost difference of $1 because the fixed costs will still be incurred whatever decision is taken.

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3 years ago

A movie production studio incurred the following costs related to its current movie: Purchased office supplies on account: $36,0

PilotLPTM [1.2K]

Answer:

S/n General Journal Debit Credit

a. Office supplies $36,000

Account payable $36,000

b. Work in process $22,509

Office supplies $22,509

c. Manufacturing overhead $7,550

Office supplies $7,550

d. Work in process $32,503,220

Wages payable $32,503,220

e. Manufacturing overhead $574,327

Wages payable $574,327

f. Manufacturing overhead $957,320

Utilities payable $957,320

g. Work in process $3,250,322

Manufacturing overhead $3,250,322

4 0

2 years ago