Answer: Option D
Explanation: Accounting profit is always equals to or greater than the economic profit of an entity. This is due to the fact that, while computing accounting profit the accountant do no take implicit cost into consideration.
Whereas, economic profit is the amount of profit remaining after deducting both explicit and implicit cost.
Implicit cost refers to the cost of loosing profits by choosing one alternative over other.
Answer:
The organization of the Federal Reserve- the institution that controls our <u>money supply </u> - can be described in terms of a pyramid. At the top of the pyramid is the <u>Board of Governors</u> . It is composed of seven members who are appointed by the<u> President </u> to serve 14-year terms of office. From those seven, the the head of the Federal Reserve System.
One step down in power is the <u>Federal Open Market Committee</u> . Their job is to set <u>monetary policy</u> in the United States, which means they influence the availability of money in the U.S. This portion of the hierarchy is made up of the <u>12 district banks</u> in the United States. These are found all across the country in major cities.
There are also <u>“member banks”</u> , which make up less than 40% in the U.S. And the last part of the Fed’s organization can be categorized as <u>“Other Depository Institutions.”</u> , which include savings banks, savings and loans banks, credit unions. Of course, at the base of it all, is the <u>American people</u> , who are all impacted by decisions of the Federal Reserve System.
Complete question:
amber is in charge of preparing an annual budget for her company. as part of the budgeting process, she must estimate COGS and ending inventory. which of the following statements is correct regarding the use of the gross profit method
amber must take a physical inventory to determine ending inventory and COGS
amber may utilize the gross profit method, but must also take a physical inventory
amber may utilize the gross profit method to estimate ending inventory and COGS
Answer:
Amber may utilize the gross profit method to estimate ending inventory and COGS
Explanation:
The gross profit method is a strategy used to measure the value at the end of the product. The method may be used with monthly accounting statements where a physical warehouse is not feasible.
(However, it is not a substitution for an actual physical inventory.) It is often used to measure the volume of lost products incurred by burglary, accident or other disasters.
For example, if a business buys products of $80 and sells them for $100, the gross profit is $20.
Answer:
I think D. If I'm wrong I'm sorry
The suitable portfolio for the young investor is a.) portfolio of with a high percentage of stocks. Stocks are a person's share in a company, giving them profits or losses based on a company's performance. Stocks are highly risky due to the unpredictable performance in the stock market, prices can rise or drop fast. However, the returns of the stocks are higher compared to other financial instruments.
