Answer:
c. $300; negative $100
Explanation:
Accounting profit is total revenue less total cost or explicit cost.
Accounting profit = Total Revenue - Total cost
Total revenue = price x quantity
100 × $10 = $1,000
Total cost = $700
Accounting profit = $1000 - $700 = $300
Economic profit is accounting profit less implicit cost or opportunity cost.
Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.
Implicit cost = $20 × 20 = $400
Economic profit = $300 - $400 = $-100
I hope my answer helps you
Answer:
The correct answer is letter "B": Nicolas Maduro of Venezuela.
Explanation:
The left-wing in politics is characterized by following pure communism, socialism, fascism, and anarchy ideas to rule a country. Even if the economy is regulated by the government under these societies promoting equal treatment moreover among the lowest economical stratus, human rights tend to be violated.
Dictator Nicolas Maduro (born in 1962) took Venezuela's government after the decease of his predecessor Hugo Chavez (1954-2013). Under Maduro's mandate, Venezuela has an <em>inflation rate of 200,000% and the country's economy has contracted 35%</em>. Millions of Venezuelans have left the country because of the shortage of basic staples in the country and the lack of assistance to the masses' needs.
Answer:
see below
Explanation:
Rent is an expense to the business. An increase in expenses is debited.
rent was paid by cheque. The transaction will reduce money held at the bank( asset) by Rs. 25,000. A reduction in assets is credited.
The journal entry will be
Rent A/c Dr. Rs. 25,000
Bank A/c Cr. Rs. 25,000
Answer:
2018: 8 months
Depreciation= $916,67
2019: full year
Depreciation= $1375
Explanation:
Giving the following information:
Taco Hut purchased equipment on May 1, 2018.
Price: $15,000.
Residual value: $4,000
Useful life: 8 year
We need to calculate the depreciation for 2018 and 2019 using straight-line method:
Depreciation= (purchase price- residual value)/useful life
Depreciation= (15000-4000)/8= $1375
2018: 8 months
Depreciation=(1375/12)*8= 916,67
2019: full year
Depreciation= $1375
Answer:
Promotional mix.
Explanation:
In a person's day to day involvement in business, their are key patterns and methods that are used as target strategies to promote his/her business, Therefore this mix model is explained as the collection of tools you use that explicitly in enhancing of business, products, or services. The keys that are used most times use are personal selling, direct marketing, and sales promotions, also personal approach and also advertising play vital roles too. This model design directly shows its target audience values, features of the products or services you offer. This helps differentiate you from your competition and drive sales.
