micro economics deals with industry competitive forces.. all other factors are macro economics
Economic profit refers to the profit earned by deducting the implicit cost and the explicit cost from the total revenue.
Economic Profit = Total revenue - (Explicit cost + Impllicit Cost)
where Total Revenue = $100,000
Explicit Cost = $2000 + ($25000*10%) = $4500
Implicit Cost = $70000 + $10000 = $80000
Economic Profit = $100,000 - ($4,500 + $80,000)
Economic Profit = $100,000 - $84,500
Economic Profit = $15,500
Hence, Sid's Economic Profit is equal to $15,500
Answer:
B net income is overstated, assets are overstated, and stockholders' equity is overstated
Explanation:
The movement in the balance of inventory at the start and end of a period is as a result of sales and purchases. While sales reduces the balance in inventory, purchases increases the balance. This may be expressed mathematically as
Opening balance + purchases - cost of goods sold = closing balance
Hence, where ending inventory balance is overstated, cost of goods sold is understated. When cost of goods sold is understated, gross and net incomes are overstated. Hence owner's equity is overstated and asset overstated.
a. Yes, but only if the service dog is an undue hardship for AMPCO
b. Yes, the ADA applies only once someone is an employee (not in the hiring stage)
c. Yes, because Carlos cannot perform the essential functions of his position
d. No, the ADA requires AMPCO to allow the service dog regardless of the particular circumstances
e. No, because that would be a violation of Title VII
No, the ADA requires AMPCO to allow the service dog regardless of the particular circumstances
Answer: Option D.
<u>Explanation:</u>
According to the ADA act which stands for American disability act, it is illegal to refuse a well qualified person for a particular post just because on the basis of his disability.
The ADA act the american disability act prohibits any public or any private company or businesses from discriminating against people just because of their disability. Employees do not require any kind of documentation for their service dog.
The return on investment is 0.2%.
<h3>
What is the return on investment?</h3>
- Return on investment (ROI) or return on costs (ROC) is a ratio of net income to investment over time (costs resulting from an investment of some resources at a point in time).
- A high ROI indicates that the benefits of the investment outweigh the costs.
- ROI is used as a performance measure to evaluate the efficiency of an investment or to compare the efficiencies of various investments.
- It is one method of relating profits to capital invested in economic terms.
To find the return on investment:
- Return on investment:
- (6 - 4)/10 = 0.2%
Therefore, the return on investment is 0.2%.
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