Incremental revenue is often compared to production costs. The stained tables can be sold for $178,000.
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What is incremental revenue?</h3>
Incremental revenue is the profit that a business earns through rising sales.
It can be used to determine the additional revenue generated by a particular product, investment, or direct sale from a marketing campaign when sales value has grown.
As per the information,
the tables could be sold for $442,000 and after additional processing the tables can be sold for $620,000. The incremental revenue is equal to $620,000 - $442,000 = $178,000
Therefore,The stained tables can be sold for $178,000.
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Answer: Entrepreneurial leadership.
Explanation:
Anna is an Entrepreneurial leader, that is ever ready to take sensible risks and study the market trends to quickly identify changes in the market. An entrepreneurial leader is a leader that is willing to take risks to gain new achievements and is always identifying ways of improving themselves and team they lead.
Answer:
C) $4,000
Explanation:
To calculate economic profit we can use the following formula:
economic profit = total revenue - (accounting costs + implicit costs) = (total revenue - accounting cost) - implicit costs
where:
- accounting profit = total revenue - accounting cost = $50,000
- implicit costs: ($20,000 x 5%) + $45,000 = $1,000 + $45,000 = $46,000
economic profit = $50,000 - $46,000 = $4,000
Answer:
The answer is: B) It is a type of globalization that lies between total isolation and total globalization.
Explanation:
Semi-globalization is a term that tries to explain how the world is becoming one single market (globalization) but at the same time barriers still exist and are very significant in different markets.
A few years ago this term was used to describe situations that arouse in emerging markets, where governments were trying to protect internal markets while trying to export their goods to developed countries.
Now it has become more common for developed countries to try to set entry barriers for foreign products but at the same time expect other nations to receive their products freely. E.g. Trump's trade war with China or the Brexit.