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Lorico [155]
3 years ago
7

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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The production budget shows expected unit sales are 100,000. The required production units are 104,000. What are the beginning a
Trava [24]

Answer:

Beginning units are 6,000

Desired ending units are 10,000

Explanation:

The required production unit + beginning FG units would be equal to the ending FG units + expected unit sales

Beg FG + 104,000 = End FG +100,000

6,000 + 104,000= 10,000 + 100,000

110,000 = 110,000.

Beg FG = 6,000

End FG = 10,000

3 0
3 years ago
Colombia has an absolute advantage in producing coffee relative to the United States.
Diano4ka-milaya [45]

Answer:

The correct answer is letter "C": Colombia has a comparative advantage in producing coffee relative to the United States.

Explanation:

A comparative Advantage is a person, company, or country's ability to produce a good or service at a lower cost of production than its competitors. Possessing a comparative advantage does not mean that one entity is absolutely better at producing a good or service than another.

Thus, <em>Colombia has a comparative advantage in producing coffee relative to the United State because its lands and weather allows the growing of coffee crops better than in the U.S.</em>

6 0
3 years ago
Employers are not bound by the flsa regarding employees classified as ________ employees.
spayn [35]
Hello!
.
The answer to your question is "exempt".
.
Employers are not bound by the FLSA regarding employees classified as exempt employees.
7 0
3 years ago
The difference between a financial planner and a financial expert is that the expert is a professional who charges a fee.
Vesna [10]

Answer:

A financial planner is the person who helps company meet long term financial goal. A financial expert is a broader term who manages money including bonds and investments.

Explanation:

A financial planner is a person who makes financial plans and financial statements such as cash flow statements. These plans can be about tax, retirement etc.

A financial expert is a person who has an understanding of generally accepted accounting principles,financial statements, internal control and procedures for financial reporting and understanding of audit committee functions.

there are different kinds of financial planners but a financial expert can help financial planner.

6 0
3 years ago
A suplier who requires payment with in 10 days, should be most concerned with which one of the following ratios when granting cr
tino4ka555 [31]

Answer: E) Cash

Explanation:

The Supplier should be most concerned with the Cash Ratio when granting credit. The Cash Ratio measures the amount of Cash in addition to the amount of Cash equivalent assets that the company has against it's current Liabilities in other to see if the company can be able to pay off it's Current Liabilities with it's current Cash and Cash Equivalents.

The Supplier will therefore be concerned with this ratio to see if the company is indeed able to pay back within 10 days before they can be able to grant credit.

5 0
3 years ago
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