Bills accounting profit is
equals to revenue ($250,000) minus explicit (monetary) cost (50,000 and
30,000), while his economic profit is equals to accounting profit minus
implicit (opportunity) cost (3,000 and 100,000). Accounting profit is $170,000
and Economic profit is $67,000.
<span>Economic profit is always lower
than accounting profit because explicit costs and implicit costs are both
deducted to revenue. Implicit costs are cost that he should have earned if he
gives up his present resources. These costs are projected cost and are not yet
incurred.</span>
Answer: The longer the time period that funds are invested, the greater the future value.
Explanation:
When we are discussing about the time value of money, we are simply saying that it's better for one to have money today than wait till the future to have that particular amount of money. For example, if someone tells you to either collect $100 today or wait till next month to collect the $100 bill. According to the time value of money, it's better to collect it now as the person can invest with it and by the time it's a month, the value of the money will be more than $100.
The longer the time period that funds are invested, the greater the future value. This is because for example if for example one keeps $100 for 1 year at 6% per annum, the interest will be $6 for a year but if it's kept for 5 years, the simple interest will be $30.
This shows that the longer the time period that funds are invested, the greater the future value.
Answer:
False
Explanation:
The formal education setting has not been changing at the same rate with the daily changes in <em>business</em>, <em>technology</em> and other <em>socio-economic </em>elements.Therefore people who spend years studying a broad array of subjects in formal educational settings are less likely to be rewarded through education and intellectual growth.
Answer:
correct option is b) Variety of outputs
Explanation:
The production process matrix is nothing more than a tool that helps analyze the relationship between product and process. Product and process positions are placed above and below the horizontal size of the matrix on the right or left side of the competitor along the vertical dimension of the matrix. A company can use different processes to produce different products, so they are placed along the horizontal and vertical axis of the matrix.
Answer and Explanation:
The preparation of the retained earnings statement for the year ended December 31, 20 is presented below:
Bramble Corporation
Retained Earning statement
For the year ended December 31, 2022
Beginning balance of retained earning $10,584
Add: Net income $5,880
Less: Cash Dividend paid -$4,200
Ending balance of retained earning $12,264
The net income is computed below:
= Service revenue - salaries and wages expense - insurance expense - rent expense - supplies expense - depreciation expense
= $25,200 - $12,600 - $1,680 - $3,780 - $420 - $840
= $5,880