How do you organize your financial information

Jane was a partner at a law firm earning $223,000 per year. She left the firm to open her own law practice. In the first year of

In-s [12.5K]

Answer:

accounting profit from her first year = $184000

so correct option is D. $184,000

Explanation:

given data

earning = $223,000 per year

generated revenues = $347,000

explicit costs = $163,000

to find out

accounting profit from her first year

solution

we know that accounting profit is the difference between explicit cost and explicit revenue so

we get accounting profit from her first year is as

accounting profit from her first year = generated revenues - explicit costs .................1

put here value we get

accounting profit from her first year = $347000 - $163000

accounting profit from her first year = $184000

so correct option is D. $184,000

6 0

3 years ago

What does copyright law protect?

kupik [55]

Answer:

Copyright, a form of intellectual property law, protects original works of authorship including literary, dramatic, musical, and artistic works, such as poetry, novels, movies, songs, computer software, and architecture.

6 0

2 years ago

Maxim manufactures a cat food product called Green Health. Maxim currently has 10,000 bags of Green Health on hand. The variable

Mashutka [201]

Answer:

$68,000

Explanation:

The formula to compute the gross profit is shown below:

Gross profit = Sales revenue - cost of goods sold

where,

Sales revenue = Number of bags in premium green × selling price per unit + number of bags in green deluxe × selling price per unit

= 10,000 × $8 + 3,000 × $6

= $80,000 + $18,000

= $98,000

And, the cost of goods sold is

= variable cost of green health + total fixed cost + additional processing cost

= 10,000 × $1.8 + $10,000 + $2,000

= $18,000 + $12,000

= $30,000

So, the gross profit is

= $98,000 - $30,000

= $68,000

8 0

3 years ago

Fiscal policy proponents see fiscal as a superior strategy for market corrections.

Arada [10]

Answer: True

Explanation:

Fiscal policy refers to the government suing taxation and spending policies to influence the economy of a country. If the government wants to improve production, they reduce taxes and increase spending and if they want to reduce production, they increase taxes and reduce spending.

Fiscal policy proponents believe that the government is right to use fiscal policy to correct the market because its effect is more direct. John Maynard Keynes was one of the most famous proponent for Fiscal policy.

6 0

4 years ago

____________ contract for the sale of goods in which the seller is required or authorized to ship the goods by carrier and tende

Helen [10]

Answer: Destination Contract.

Explanation:

Destination Contract is a contract for the sale of goods, in which the seller is required or authorized to ship the goods by carrier and tender delivery of the goods at a particular destination.

The seller assumes liability for any losses or damage to the goods until they are tendered at the destination specified in the contract.

The seller bears the risk of loss until he completes his delivery requirements as stated under the destination contract. If the goods are destroyed or damaged while in transit to buyer, the seller bears the loss.

After the delivery company has delivered the goods at the buyer’s location, then the seller is no longer liable for any damages after that.

5 0

3 years ago