Answer:
a. Economic profit takes into account all costs involved in producing a product.
Explanation:
Numeral A is the only correct option in the question.
Economic profit takes into account all costs: explicit costs and implicit costs. Explicit costs are the monetary costs that we incurr when we run a business, such as wages, rent, and utilities.
Implicit costs are the opportunity costs that we incurr, in other words, what we gave up to run the business. For example, if you had a job, and quit to set up the business, your implic cost is the salary that you used to earn.
Answer:
Her monthly take home amount is $2750. she is not in danger of credit overload as her total debt obligation per month is only $505 which is only 19% of her overall take home
Explanation:
Sarah's annual take home is $ 33,000 , If we divide it by 12 months so her monthly take home amount will be $2750, Her monthly debt obligation are $395 for Car & $110 Credit card payment which sums to $505. so will still have $2245 every month after paying debt obligation.
Answer:
Speech uses tone groups, and a tone group can convey only one idea. Writing uses sentences, and a sentence can contain several ideas. A fundamental difference between casual speech and writing is that speech is spontaneous whereas writing is planned. Repetition is usually found in speech.
Explanation:
Answer:
b. 5.75
Explanation:
Times Interest earned ratio is the measure of ability of a company to pay the interest on its debts. It is the ratio of earning before interest and tax and interest expense as below.
Times Interest Earned Ratio = Earning before interest and tax / Interest Expense
Times Interest Earned Ratio = $86,250 / $15,000
Times Interest Earned Ratio = 5.75 times
