1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
cupoosta [38]
3 years ago
6

If your business earns​ $20,000 in​ revenues, has explicit costs of​ $7,000, and implicit costs of​ $5,000, your accounting prof

it is
Business
1 answer:
iogann1982 [59]3 years ago
7 0

Answer:

Accounting profit is $13,000.

Explanation:

Given information:

Total Revenues = $20,000

Explicit costs =​ $7,000

Implicit costs =​ $5,000

The formula for accounting profit is

Accounting profit = Total revenues - Explicit costs

Substitute the given values in the above formula.

Accounting profit =  $20,000 - $7,000

                             =  $13,000

Therefore, the accounting profit is $13,000.

You might be interested in
Which of the following are assumptions of the simple CAPM model? I. Individual trades of investors do not affect a stock's price
lisabon 2012 [21]

Answer:

I, II, and III are all correct and part of this model

Explanation:

The CAPM model or Capital Asset Pricing Model indicates the relationship between the amount of risk and the expected profit for a certain investment. This model holds many assumptions, which from the ones provided we can say that assumptions I, II, and III are all correct and part of this model. The only assumption that is not correct is IV, since the level of risk aversion that each investor has depends on how much they know about their investment.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

7 0
4 years ago
Michael wong and sanjay patel, both lawyers, start a law firm together. both of them have unlimited liability for the debts of t
UNO [17]

The law firm that Michael Wong and Sanjay Patel started together is an example of general partnership. The general partnership is a way where partners have an arrangement of joining together in one business that will provide them unlimited liability in terms of the obligations in their partnership.

6 0
4 years ago
What types of supply chain strategies are required for food and rose supply chains?
stiv31 [10]

Answer:

supply chain is a system of organizations, people, activities, information,

Explanation:

hope that works

6 0
3 years ago
Dawn's bridal boutique is having a sale on evening dresses. The increase in consumer surplus comes from the benefit of the lower
torisob [31]

Answer:

both existing customers who now get lower prices on the gowns they were already planning to purchase and new customers who enter the market because of the lower prices.

Explanation:

Consumer surplus is the difference between the willingness to pay of a consumer and the price of the good.

Consumer surplus = willingness to pay – price of the good

Let assume that the price before the sale and after the sale is $1000 and $800. The willingness to pay of customer A is $1500 and for customer b is $900

consumer surplus of customer A before sale = 1500 - 1000 = 500

consumer surplus of customer A after sale = 1500 - 800 = 700

consumer surplus of customer B before sale =  0

consumer surplus of customer B after sale = 900 - 800 = 100

consumer surplus of both customers increase

6 0
3 years ago
What type of economic system does the U.S. have?
Olin [163]

ANSWER: United States is said to be having a mixed economy.

3 0
4 years ago
Other questions:
  • Suppose a foreign investor who holds tax-exempt Eurobonds paying 10.50% is considering investing in an equivalent-risk domestic
    5·1 answer
  • The size of osha becomes graphically apparent when a simple calculation shows that if the 8 million workplaces were distributed
    9·1 answer
  • Assume that the required reserve ratio is 25 percent. If the Federal Reserve sells $120 million in government securities to the
    14·1 answer
  • Clorox sells five major product lines including cleaning, household, lifestyle, professional, and international. Together the pr
    5·1 answer
  • The Zoom Slingshot Company’s marketing department conducts a customer satisfaction survey. It discovers that one of its slingsho
    6·1 answer
  • Roberson Corporation was organized on January 1, 2014, with authorized capital of 750,000 shares of $10 par value common stock.
    15·1 answer
  • Geoff purchased a life annuity for $4,800 that will provide him $100 monthly payments for as long as he lives. Based on IRS tabl
    13·1 answer
  • I have a 88.1% right now, if I get 15 out of 15 on this assignment what will my grade be
    13·1 answer
  • The Central Publishing Company is about to publish its first reference book in managerial economics. It is now in the process of
    7·1 answer
  • A wholesale distributor of cleaning products is thinking about buying 200 more cases of a floor cleaning compound than she norma
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!