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
DiKsa [7]
3 years ago
7

An _________________ is calculated by subtracting the firm's costs from its total revenues, _______________________. *

Business
1 answer:
LuckyWell [14K]3 years ago
5 0

Answer:

A. accounting profit; excluding opportunity cost

Explanation:

here are the options to this question :

A. accounting profit; excluding opportunity cost

B. accounting profit; including opportunity cost

C. economic profit; excluding opportunity cost

D. opportunity cost; including economic profit

Accounting profit is total revenue less total explicit cost.

Revenue = price x quantity sold

explicit cost is the cost actually incurred in carrying out a particular activity e.g. wages, rent

Economic profit is accounting profit less opportunity cost.

Opportunity cost or implicit is the cost of the option forgone when one alternative is chosen over other alternatives.

You might be interested in
Đặc điểm sản phẩm tác động tới việc lựa chọn phương thức thâm nhập thị trường thế giới của
xz_007 [3.2K]
Language please. : (
3 0
2 years ago
Read 2 more answers
The receiving department has three activities: unloading, counting goods, and inspecting. Unloading uses a forklift that is leas
stepladder [879]

Answer:

Calculating the cost of each activity,

Unloading = $ 80,100

Counting = $ 37,500

Inspecting = $54,450

Explanation:

Given:

Unloading lease = $15,000 per year

Fuel for the forklift = $3,600 per year

Maintenance for the forklift = $1,500 per year

Inspection uses some special testing equipment that has depreciation of $1,200 per year

Operating cost = $750.

Receiving employees average salary = $50,000 per year

Salaries; 3 × 50,000 = 150,000

Unloading salary = 40%  × 150,000 = 60,000

Counting salary = 25%  × 150,000 = 37,500

Inspecting salary = 35% × 150,000 = 52,500

                              Unloading                 Counting                    Inspection

Equipment               15,000                                                             1,200

Fuel                           3,600

Operation cost          1,500                                                                750

Labor                       60,000                   37,500                          52,500

Total cost                 80,100                   37,500                          54,450

6 0
3 years ago
A newly established company, The Malt Company, wishes to enter the beer market in Country A by building a new brewery there. Man
Alina [70]

Answer: barriers to entry

Explanation:

Barriers to entry are also known as economic barrier to entry. They are hindrances which makes entering a particular market difficult by new entrant.

Barrier to entry are fixed cost that must be incur by a new company irrespective of their sales or production level, this cost are incur by new entrant which those who have been in the industry before do not have to incur.

Few common barriers to entry includes technology, government regulation and policy, economies of scale, etc.

4 0
3 years ago
Which sales channel is projected to top $450 billion within the next several years?
pshichka [43]
According to one source from the internet, the cross-border sales is projected to top $450 within the next 5 years.  Cross-border trade is the process of buying and selling of products, selling goods and services between business domestically or in the neighborhood countries.
6 0
3 years ago
It is often said that high rates of inflation tend to diminish people's incentive to save and invest. this view must be incorrec
SOVA2 [1]
Of the following, the best criticism of the argument above is that it overlooks the possibility that certain factors operating in the 1980’s but not in the 1970’s diminished people’s incentive to save and invest.
<span>If these other factors, unrelated to the inflation rate, that operated in the 1980’s but not the 1970’s, created an even greater disincentive to savings and investment than high inflation rates provide, then those trends do not provide evidence about the general relationship among savings, investment, and inflation. </span>
5 0
3 years ago
Other questions:
  • A firm may pay efficiency wages in an attempt to a. entice workers to work the night shift rather than the day shift. b. improve
    15·1 answer
  • Which of the following types of decisions would not use incremental analysis? Group of answer choices cash planning make or buy
    6·1 answer
  • The supplies account has a trial balance of $3,226. a year-end inventory shows $1,752 worth of supplies left at the end of the y
    7·1 answer
  • BeFriends Corporation uses the trademark of Community Life Inc., a social media site, as a meta tag without Community Life’s per
    8·2 answers
  • What is the formula for measuring the price elasticity of supply? Percentage change in quantity demanded/percentage change in in
    13·1 answer
  • Revenues for United Parcel Service (UPS) come from the following business segments: 61 percent from U.S. package delivery operat
    10·1 answer
  • To effectively communicate with a public, it is important to recognize that ________. all publics have overlapping organizationa
    7·1 answer
  • What is an introductory APR and how does it compare to a standard APR?
    5·2 answers
  • ProForm acquired 70 percent of ClipRite on June 30, 2017, for $770,000 in cash. Based on ClipRite's acquisition-date fair value,
    6·1 answer
  • discuss how businesses can use mind mapping and brainstorming to identify new and innovative business opportunities​
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!