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Shtirlitz [24]
3 years ago
12

What is the BEST definition of profit?

Business
1 answer:
Luden [163]3 years ago
4 0

The best definition is:

D. Profit is the financial gain for business activity minus expenses.

Explanation:

Profit is basically met by the two factors which are

-The expense met by the firm in producing the product

-The price it actually sold for in the market.

If the second factor is indeed bigger than the first, then there is profit.

Indeed, there must also be a consideration that the expenses would also include marketing, transportation and the cost for intermediaries.

It would not production cost but it would be the cost of getting the product to the consumer.

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In a sell or process further decision, which of the following costs is relevant?
Alona [7]

Answer: a. Only I

Explanation:

In a sell or process further decision, the only cost that is relevant is the variable production cost that is incurred after split-off.

It should be noted that a split-off is when the parent company of an organization uses specified terms to divests its business unit

6 0
4 years ago
What was the first hotel to open in the United States?
aksik [14]

✧・゚: *✧・゚:*    *:・゚✧*:・゚✧

                  Hello!

✧・゚: *✧・゚:*    *:・゚✧*:・゚✧

❖ The correct answer choice is B. the City Hotel.

~ ʜᴏᴘᴇ ᴛʜɪꜱ ʜᴇʟᴘꜱ! :) ♡

~ ᴄʟᴏᴜᴛᴀɴꜱᴡᴇʀꜱ

8 0
4 years ago
Read 2 more answers
Which of the following will require a recalculation of weighted-average shares outstanding for all years presented?
FromTheMoon [43]

Answer:

The correct option is A, stock dividends and stock splits

Explanation:

Stock dividends refers to paying dividends by issuing more shares to shareholders instead of paying in cash which may  be required to fund investment projects,since it increases the number of shares overall, it requires  re-computation of weighted average number of shares.

Stock splits means splitting the current number of shares into multiples in order to reduce the price per share making it affordable to investors,hence the number of weighted average shares is also impacted.

8 0
3 years ago
At a price of $4 per unit, Gadgets Inc. is willing to supply 20,000 gadgets, while United Gadgets is willing to supply 10,000 ga
Montano1993 [528]

Answer:

Option (a) is correct.

Explanation:

Average of quantity supplied:

= (70,000 + 30,000) ÷ 2

= 50,000

Percentage change in quantity supplied:

= (70,000 - 30,000) ÷ 50,000

= 0.8

Average of price change:

= (8 + 4) ÷ 2

= 6

Percentage change in price:

= (8 - 4) ÷ 6

= 0.667

Therefore,

Elasticity of supply in the market for gadgets:

= Percentage change in quantity supplied ÷ Percentage change in price

= 0.8 ÷ 0.667

= 1.2

6 0
3 years ago
The economic definition of money​ is__________.A. A good that has intrinsic value.B. Anything authorized by the government to be
Citrus2011 [14]

Answer:

The correct answer is option D.

Explanation:

Money can be defined as any asset that is generally accepted by people in exchange for goods and services. The basic function of money is to act as a medium of exchange.  

It reduces the transaction cost in exchange for goods and services by eliminating the double coincidence of wants.  

Money can be of different types such as commodity money, fiat money, etc.  

Other functions of money are to act as a store of value and unit of account.

4 0
3 years ago
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