Answer:
The accounting profit is $30,000.
Explanation:
The implicit cost of running the restaurant is the opportunity cost of giving up a salary of $40,000 per year working as a chef.
The revenue earned from the restaurant is $100,000.
The explicit costs is
= $50,000 + $20,000
= $70,000
An accountant will consider only the accounting cost or explicit cost in the calculation of profits.
Accounting profit
= Total revenue - Explicit costs
= $100,000 - $70,000
= $30,000
Answer:
cash 20,000,000 debit
unearned revenue 20,000,000 credit
Explanation:
Record the advance collection of $20 million for iTunes gift card.
When a gift card is sold, Apple Inc assume the obligation of latter provide iTunes in the near future or do cash reimbursement therefore; this isn't revenue. It is a liability. Apple will generate revenue when the gift ard are redeem not at sale.
Answer:
formal
Explanation:
Attire is one of the important aspect that reflects on the personalities of the interviewee. The attire that a person should opt for during an interview is formal and well fitting clothes. Clean and fit clothes helps in adding confidence and makes the personal appear professional before the interviewer. Clothes are to be choose according to the industry or profession applied by the interviewee.
Answer:
Explanation:
Part One: Demand falls/ declines once the price of movie ticket increases.
Part Two: Demand declines also when the price of the local Internet Service provider increases.
Part Three: Demand declines when the price of cappuccino increases
<span>La cultura de los Estados Unidos Coalesced es principalmente occidental, pero está influenciada por las culturas africanas, nativas americanas, asiáticas, polinesias y latinoamericanas. También tiene sus propias características de convivencia y culturales, como el dialecto, la música, las artes, los hábitos de convivencia, la cocina y el folclore. Los Estados Unidos de América son países étnicamente y racialmente diversos como resultado de una migración astronómicamente inmensa desde muchos países a lo largo de su historia. Muchos elementos culturales estadounidenses, especialmente de la cultura popular, se han extendido por todo el mundo a través de los medios de comunicación modernos.</span>
