Answer:
b. revenues minus accounting and opportunity costs.
Explanation:
A normal profit occurs when the amount of profit generated by a company in a given period is equal to the amount of its costs, that is, in this situation the company's profit is sufficient to cover its costs and it manages to continue operating in a market in a way competitive, for this reason the normal profit
The opportunity cost refers to normal profit due to the fact that this is the amount that is equal to zero with respect to economic profit, which is what is necessary for the company to operate when considering the investment made.
Future expectations about price, can be a demand and supply shifter.
If producers know that prices will go up in the near future, they will be less likely to produce more now. They will want to sell when prices are higher. The reverse is true, if consumers know that prices will go down in the future they will be less likely to purchase now.
Answer:
b.
Explanation:
Based on the information provided within the question it can be said that this is a liquidated damages clause if the amount is a reasonable estimate of the loss on a breach. This a safety feature placed in order to recover money lost on the negligence of the party that breached the contract, so that the other party does not suffer much loss.
Answer:
Simple answer. Competitive advantage.
Answer:
The estimated Bad Debt Expense for the current year is $5860
Explanation:
Wheeling Inc. uses the aging of accounts receivable method to estimated Bad Debt Expense for the current year is as follows;
Uncollected receivables = $5300
Doubtful Accounts = $560
Bad Debt Expense for the current year = Uncollected receivables + Doubtful Accounts
Bad Debt Expense for the current year = $5300 + $560
Bad Debt Expense for the current year = $5,860.
