Which topic would a macroeconomist most likely study? a. Supply and demand b. Production costs C. Inflation d. Labor markets

Explicit and Implicit Costs) Amos McCoy is currently raising corn on his 100-acre farm and earning an accounting profit of $100

loris [4]

Answer:

No

Amos McCoy is earning an economic loss. His implicit cost ($200) is greater than his accounting profit ($100)

Explanation:

Economic profit it accounting profit less implicit cost.

Accounting profit is total revenue less total cost or explicit cost.

Implicit costs are opportunity costs.

Economic profit = $100 - $200 = $-100

Amos McCoy Is making an economic loss of $-100

I hope my answer helps you.

3 0

3 years ago

Why must the eliminating entries be entered in the consolidation worksheet each time consolidated statements are prepared?

DedPeter [7]

Answer:

The reason to prepare the consolidation worksheet is to maintain the record of what is finally entered in the books to record the transactions in between the holding and subsidiary.

This basically thus, requires the elimination of all the assets and liabilities of the subsidiary, and creation of such assets and liabilities into the balances of the holding(parent) company. In this manner the elimination is necessary to record.

So that there is no error in the form of multiple record of assets and liabilities, or in the form of no record of assets and liabilities of the subsidiary.

8 0

3 years ago

the measure and establishment of the boundaries of a particular property usually identify by middle stakes embedded at the corne

goblinko [34]

B is the answer girlie

8 0

3 years ago

Meyer & Smith is a full-service technology company. They provide equipment, installation services as well as training. Custo

Marianna [84]

Answer & Explanation:

If the services were sold separately, their total cost would be;

= 90,000 + 60,000 + 30,000

= $180,000

They were instead bundled together and sold for $144,000

The cost of the individual services will therefore be a proportion of this bundled price based on their proportion were they sold alone.

The transaction price allocated to equipment;

= (90,000/180,000) * 144,000

= $72,000

The transaction price allocated to installation;

= (60,000/180,000) * 144,000

= $48,000

The transaction price allocated to training;

= (30,000/180,000) * 144,000

= $24,000

5 0

3 years ago

How did the university of florida help address the problem of global warming? how did the university of florida help address the

Ipatiy [6.2K]

Answer:

the athletic program reduced local energy consumption and planted trees.

Explanation:

When you reduce your energy consumption, the generation of greenhouse gases will decrease. Even though a house uses electricity and not wood or coal, many times coal or other fossil fuels are used to produce electricity. By lowering its consumption, less electricity will be produced and less coal and other fossil fuels will be burnt.

By planting more trees, the total amount of carbon dioxide absorbed by them will increase. Trees convert carbon dioxide into oxygen which also helps to clean the air.

3 0

3 years ago

Which topic would a macroeconomist most likely study? a. Supply and demand b. Production costs C. Inflation d. Labor markets​

Which topic would a macroeconomist most likely study? a. Supply and demand b. Production costs C. Inflation d. Labor markets