Answer: This means: "d. Your economic profit has gone down and your accounting profit has stayed the same."
Explanation: The difference between the accounting and economic benefit is associated with the type of cost that each includes:
The accounting benefit is nothing more than the difference between income and cost. In this case it is still $50000.
The economic benefit includes not only explicit costs. The economic benefit is the difference between income and total costs (explicit and implicit). Therefore, this benefit is less than the accounting benefit. Because in this case the cost of working at home is considered.
Answer:OPEN LISTING
Explanation:
Open listing is a term used in the Marketing of securities like bonds,stocks and other marketable securities and real estates, in this type of listing it is made open to all the brokers available who are ready to help facilitate the sale.
Compensation can only be paid to the Broker who first brings the buyer of the listing. A broker is compensated based on the amount made buy the owner of the listing.
Answer:
a. Compare the mean tensile strengths at the 95% confidence level.
Explanation:
Answer:
Explanation:
a. The computation of the ending inventory is shown below:
Inventory Quantity Cost NRV LCM Total inventory
(1) (2) (1 × 2)
Unit A 14 $38 $40 $38 $532
Unit B 22 $42 $39 $39 $858
Unit C 16 $27 $31 $27 $432
Unit D 19 $18 $17 $17 $323
Total $2,145
And total cost = Unit A × cost + Unit A × cost + Unit A × cost + Unit A × cost
= 14 × $38 + 22 × $42 + 16 × $27 + 19 × $18
= $532 + $924 + $432 + $342
= $2,230
b. The journal entry is shown below:
Income summary A/c Dr $85 ($2,230 - $2,145)
To Inventory A/c $85
(Being inventory is adjusted)
