The third party which is authorized to make a final decision in a dispute is called the arbitrator.
Getting the sums of the Total revenues (TR) and subtracting the Total Cost (TC) from it will allow to derive the total economic profit or loss in the given table.
<h3>What is an economic profit?</h3>
This refers to the difference between the company's total revenue and the sum of its explicit and implicit costs.
In this case, the total economic profit or loss in the given table will be derived by adding the sums of the Total revenues (TR) and subtract the Total Cost (TC) from it.
Therefore, the economic profit or loss will be determined.
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<em>brainly.com/question/8960234</em>
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<span>False. The bottom of the pyramid innovation or 'BoP' innovation refers to people who lives at the bottom of the society generally are hard to adept to new technologies and innovations. However, in recent years, 'BoP' innovation has been proven to have a huge market.</span>
Answer:
$65,000
Explanation:
The computation of the net income is shown below:
As we know that
Ending balance of capital account = Beginning balance of capital account + net income - the withdrawn amount + additional amount invested
where,
Ending balance of capital account equal to
= Ending balance of total assets - ending balance of total liabilities
= $995,000 - $270,000
= $725,000
And, the opening balance of capital account equal to
= Opening balance of total assets - opening balance of total liabilities
= $940,000 - $300,000
= $640,000
So, the net income is
$725,000 = $640,000 + net income - $45,000 + $65,000
So, the net income equal to $65,000