The kind of data source is not known. Results may be invalid because some internet websites don’t upgrade their formats to the latest one. A lot of important details may also be missing from internet sites since some of their formats are incorrect while their data cannot be used as resource in some statistic software.
Economic profit is calculated as:
Economic profit = Total Revenues – Total Cost
Total cost both includes explicit and implicit cost. In
this case, the explicit cost is $8,000 while the implicit cost is $64,000.
Explicit cost is a direct payment made to run the business while implicit cost
is the opportunity as accountant that is lost. Therefore,
Economic profit = $150,000 – ($8,000 + $64,000)
<span>Economic profit = $78,000</span>
The shareholders have the authority to remove a director in this scenario when only one member of the board of directors refuses to step down.
What is board of directors?
A board of directors, also known as the board or simply the board, is an executive committee that collectively oversees the operations of an organisation. This organisation may be for-profit or nonprofit, such as a <u>company, nonprofit, or government agency</u>.
Governmental regulations, including the corporate law of the applicable jurisdiction, as well as the organization's possess constitution and by-laws, set forth the rights, obligations, and obligations of a board of directors. These authorities may determine the number of board members, the process for selecting them, and the frequency of their meetings.
The full membership of an organisation that has voting members, who typically elect the board members, is responsible to and may be subordinate to the board in such an organisation.
Because In general, the sole authority to remove a director rests with the shareholders. A resolution to remove a director must be approved by a majority of shareholders at a special general meeting.
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slope of this demand curve for pizza = <u>-1/40</u>
<h3>
Briefly explained</h3>
Slope = changes in y/ changes in x
The shop sells 200 more pizzas if the price drops by $5 ($10 to $5). (100 to 300 pizzas) A good's quantity is always on the x-axis and its price is always on the y-axis. According to our justification, the cost is REDUCED by $5 (a reduction of -$5) and the quantity of pizzas sold rises by 200. The slope is therefore <u>-5/200 or -1/40.</u>
<h3>
What is demand curve?</h3>
The demand curve is a graphical depiction of the connection between the cost of a commodity or service and the quantity required over a specific time period.
The price will often be shown on the left vertical axis in a representation, and the amount needed will typically be shown on the horizontal axis.
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Answer:
€4,883,000
Explanation:
The computation of cost of sales is shown below:-
Inventory = 35,000 ÷ €12
= 2,917 units
Weighted average cost of inventory
= (2,917 × €12) + (35,000 × €14)
= €35,004 + €490,000
= €525,004
So weighted average cost = €525,004 ÷ €40,833.33
= €12.85
So, cost of sales = weighted average cost × sold units
= €12.85 × 38,000
= €4,883,000
