Answer:
accounting profit = $25
Total cost = $15
Economic profit = $15
Explanation:
given data
spends = $5
Implicit cost = $10 per hour
sell = $30
to find out
calculate the total cost for one photo frame
solution
first we calculate here accounting profit that is
accounting profit = Sale price - cost spent on materials
accounting profit = $30 - 5
accounting profit = $25
and
Total cost = Explicit cost + Implicit cost
Total cost = 5 + 10
Total cost = $15
and Economic profit will be
Economic profit = Accounting profit - implicit costs
Economic profit = $25 - $10
Economic profit = $15
Answer:
a. a staffing table.
Explanation:
A staffing table -
It refers to the pictorial or the graphical arrangement of the jobs in a firm , where the number of current employees working and their positions and the number of any future vacancy all are represented , is referred to as a staffing table.
It enables the people to get proper idea and information of the organisation or the company .
Hence , from the information of the question,
The correct option is a. a staffing table.
There seems to be an error in your question. Budget deficit is when the government spending exceeds its revenue, yet your question makes no mention of expenses. However, it seems to be referring to something we call the "negative output gap", where actual output is lower than potential output. If this is the case, then the output gap is $100. (I suspect you omitted the million as no country, not even fictional, only produces $500.)
Answer:
Depreciation
Explanation:
Depreciation is the systematic allocation of estimated cost to an asset. Methods include straight line, sum of the year digits, double declining etc. The entries for recognizing this cost are;
Debit depreciation expense
Credit Accumulated depreciation
Hence to account for this decrease in usefulness, the cost of fixed assets is systematically allocated to expense through a process called depreciation.
Answer:
exclusive distribution
Explanation:
The exclusive distribution refers to the agreement between the distributor and the manufactured stated that the manufactured will only sell the products and services to the distributor only no other person is involved in this agreement. There is a binding agreement between the manufactured and distributor
So according to the given situation, it is mentioned that the designers ready to sell their designs for the first two years to the retailers which shown that there is an exclusive distribution