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Brrunno [24]
3 years ago
15

If a firm is making an economic profit of zero:__________.

Business
1 answer:
kati45 [8]3 years ago
6 0

Answer:

The correct answer is letter "D": the firm should change to a different line of business.

Explanation:

Economic profit is the difference between the revenue a firm earns from sales and the firm's total opportunity costs. It is important to distinguish between accounting profit and economic profit. Accounting profit is total revenue minus the explicit costs of producing goods or services. Economic profit includes the opportunity costs a company losses or gains by choosing a route to pursue revenue. If a firm has an economic profit of zero, it implies the company should start looking for alternative ways to generate income.

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Adams Company has employed a bookkeeper who is inexperienced. On December 28, after reviewing the records for the year, you disc
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Answer:

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Now we have to record the correct journal entry in the accounts of Adam Company in respect of account settlement with supplier which is given as follow:

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Trade payable                 $300

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Thus the above is the correct answer.

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Answer:

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