Accountants only concern themselves with direct costs which involve things like the cost of materials, rent, and labor for instance. This profit is aptly named "accounting profit".
Economists consider those costs as well, but they also include indirect costs such as opportunity costs of other investments. Recall that opportunity cost is the cost of what you give up if you make a certain decision.
For instance, if a car factory makes 4 door sedans, but it could be making more money with SUVs, then the opportunity cost is high and the economic profit is lower compared to the accounting profit.
The formula for finding the <span>percentage of revenue that is spent on advertising will be:
</span>Percentage of revenue that is spent on advertising = Advertising Budget / Revenue x 100%
Using the values, we get:
Percentage of revenue that is spent on advertising = (8,000,000/138,000,000) x 100% = 5.80%
This means 5.80% of <span>revenue is spent on advertising</span>
Answer and Explanation:
These parts of the body are part of the skeletal (musculoskeletal) system, which consists of the skeleton of the body (all the bones), the muscles, tendons, joints, ligaments, cartilage, and other tissues that help with binding and supporting tissues and organs together.
<em><u>#teamtrees #PAW (Plant And Water)</u></em>
Answer:
C) (1) define the problem, (2) identify available solutions, (3) select your solution
Explanation:
Problem solving simply means, identifying a problem, finding out the causes, then solving them.
The three steps for using critical thinking to solve problems are defining the problem, identifying the available solutions and selecting the solution. Therefore, the answer is C.
