Which of the following would classify as a general education requirement

Andrew lives in New York City and runs a business that sells boats. In an average year, he receives $793,000 from selling boats.

melamori03 [73]

Answer:

the solutions are below.

Explanation:

1. The wages and utility bills that Andrew pays is explicit cost

2. The rental income Andrew could receive if he choose to rent out his showroom is implicit cost

3. The salary Andrew could earn if he worked as a financial advisor s an implicit cost

4. The wholesale cost for the boats that Andrew pays the manufacturer is an explicit cost.

accounting profit = revenue - explicit cost

= 793000-[430000+301000]

=$62000

Economic profit = revenune - [explicit cost + implicit cost]

= 793000-[430000+301000+50000+15000]

= 793000-796000

= -$3000

7 0

2 years ago

The development of a new information system is economically justified if the _____.

ratelena [41]

The development of new information system is economically justified when or if the organization or group handling the information system has assessed its cost feasibility. If so, this will only fall under the circumstances that the information system is justified economically.

5 0

2 years ago

Solve the dilemma making infinity computers competitive what is a major weakness of the firm?

torisob [31]

Solving the dilemma of making infinity computers competitive. Infinity's computers produces notebook computers which are not significantly different from their competitors. The major weakness of the firm is that they have too many employees and they are only relying in just one product.

3 0

3 years ago

Which of the following provides for a reduction in the employer's state unemployment tax rate based on the employer's experience

statuscvo [17]

Answer:

b.Experience-rating plan

Explanation:

Experience rating is a method of evaluating used by insurance providers to adjust premiums up or down. The rating reflects your previous loss experience. It is based on the presumption that your historical loss experience predicts your future loss experience. In other words, your future losses are likely to be similar to those you incurred in the past. The Experience Rating Plan is mandatory for all eligible insureds. Any action taken in any form to evade the application of an experience modification determined in accordance with this Plan is prohibited. The object of the Experience Rating Plan is to recognize the differences between individual insureds through the use of the individual insured's own loss experience. The experience rating process serves as a means of using a history of past losses to predict the future losses of an insured.

This is done by comparing the experience of an individual insured to the average insured in the same classification. Therefore, using the insured's past experience, the experience modification is determined by comparing the actual losses to expected losses. An insured with better than average experience will produce a credit experience modification factor, while an insured with worse than average experience will produce a debit experience modification factor. A credit experience modification factor, less than 1.00, results in a premium reduction. A debit experience modification factor, greater than 1.00, results in a premium increase. An experience modification factor of 1.00, or unity, does not change premium.

6 0

2 years ago

Suppose all banks are subject to a uniform reserve requirement of 20 percent and that the union bank has no excess reserves. if

ahrayia [7]

The answer is 40,000

3 0

2 years ago

Which of the following would classify as a general education requirement ​

Which of the following would classify as a general education requirement