Answer:
b
Explanation:
Saving is the difference between disposable income and consumption
Saving = disposable income - consumption
for example, if disposable income is $1000 and consumption is $600. Saving is $400
the higher consumption is, the lower saving would be. the lower consumption is, the higher saving would be
Savings is the total amount of money saved over a period of time
<span>He is most likely to ask for group input, allow group members to speak up, and value what they have to say. He is likely to listen to their advice and implement their suggestions. This is because he is sharing his authority and his power as a manager with his subordinates.</span>
<span>Managers should conduct a 360 evaluation of staff performance. This includes gathering feedback from suppliers, customers, and other employees. Customer surveys, with an incentive, are an effective way to measure success and gather target feedback. A key performance indicator for this type of business is customer retention.</span>
Answer:
Accounting profit=$300,000
Explanation:
<em>Accounting profit is the difference between revenue from from production or service activities and the expenditures incurred. </em>
<em>It is the difference between the total revenue and the</em><em> total explicit costs</em><em>. Explicit costs are those transaction cost incurred to generate revenue . E.g the cost of the material , labour, expenses e.tc.</em>
On the other hand, economic profit includes accounting profit plus opportunity cost. Opportunity cost is the value of the benefits sacrificed in favour of a decision.
Accounting profit = Sales revenue - Explicit cost
Sales revenue = Price × units sold= $15× 1000× 30 = $450,000
1
Explicit cost = $150,00
Accounting profit = $450,000- 150,000 = $300,000
Accounting profit=$300,000
Note we ignore the amount she could have earned because it is an implicit cost
