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3 years ago

What is the difference between factor payments and profits

Business

1 answer:

Mariana [72]3 years ago

3 0

Answer:

here is some differences which is

Explanation:

Yet, just as we differentiate between daily use and the traditional sense of economic terms, a number of economists–and Econ textbooks–introduce a concept known as "economic profit." While the difference between the revenues of the companies and the costs of the factors they generate is natural, or accounting, income is the difference between the revenues of the company and the costs of those factors. Since it consists of the comparison of alternatives, economic benefit is seen as a reward for business— the making of economic decisions and taking of risks. Some go so far as to describe enterprise as a separate output factor,

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Combatant commanders take strategic level guidance and develop their theater strategies, campaigns, and major operations at the

Bingel [31]

At the tactical level of war the combatant commanders prepare all national instruments of power for war or conflict coordination the application of all instruments of national power with the actions of force. Principles and guidance also apply when needed.

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3 years ago

Kwik taxi service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be driven

zimovet [89]

Answer:

Explanation:

Depreciation cost :

2016: expected useful life

Cost - salvage value X usage

= 140,000

24,300-700

=5.93*28,000 = $166,101.69

2017: expected useful life

Cost - salvage value X usage

= 140,000

24,300-700

=5.93*33,000 = $195,762.71

Depreciation Expense:

2016: (cost-salvage value)*actual activity performed

total estimated useful life

= (24,300-700)*28,000

140,000

=$4,720

2017: (cost-salvage value)*actual activity performed

total estimated useful life

= (24,300-700)*33,000

140,000

=$5,562.86

6 0

3 years ago

The impairment rule for goodwill involves how many steps?(a)1(b)2(c)3(d)4

Kobotan [32]

Answer: 2 steps

Explanation: While calculating impairment of goodwill following steps should be taken :-

1.In the first step the fair value of the goodwill is compared with its carrying value.

2. In the second step, if the fair value comes to be lower than the carrying value, then it is concluded that there is an impairment and then it is computed accordingly.

7 0

3 years ago

Managerial accounting includes the planning function. Which of the following items would be part of the planning function of a

Scilla [17]

Answer:

It is choosing goals and deciding how to achieve them (D)

Explanation:

As part of the planning process, managerial accountant guides management during goals and objectives formulation for the organization .

Management accounting provides past, futuristic and external information that can help management make informed planning and decision as regard setting various organizational goals and objectives including financial, operational ,strategic,market goal etc a

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3 years ago

For some years now, you’ve owned a small specialty bookshop in a college town. You sell some textbooks but mainly cater to a bro

frutty [35]

There is a hope and there is a business strategy that might yet save the store " book selling strategy relied upon investing in, and trusting, in staff "

Explanation:

Here is the example story of British indie bookstore owner:

In 2018 the days of the last big retail store in the United States seems to have been numbered. A decade of sales losses, traumatic lay-offs, 150 store closures, six CFOs and a 1 billion-dollar loss on its e-reader from Nook has left the company in the midst of an identity crisis.

In the recent decade, Daunt has emerged as an unexpected salvator for bookstores for large-scale businesses and is now accountable at Barnes&Noble for the rebirth of Waterston, the British retailer of about 300 branches. In a world where Amazon offer unspeakable convenience and costs, large book retailers can prosper only if they behave more like independents. His plan for recovery is based on a simple assumption.

Investment and confidence is the foundation of Daunt's bookselling strategy. "The secret to successful employers is retaining them long-term, building up careers, training them businesses."

The staff at Daunt Books know what makes customers feel like they're in a readers ' culture. They follow those principles: never prescribe more than three books at a time, so that the consumer is not frustrated. Do not just hand out your own preferences when anyone asks for a recommendation. First of all, say, "What was the last good book that you read?"It is more likely to appreciate somebody who enjoys Tana's French mysteries than the next Thomas Pynchon.

7 0

3 years ago