Answer:
a. −$80.
Explanation:
Ziva's economic profit =Revenue- (explicit costs + implicit costs)
Revenue= $300
Explicit costs=$130
Implicit cost=$25*10 =$250
Ziva's Economic Profit= $300-($130+$250)
=$300-$380
Ziva's Economic Profit=-$80.
Explicit cost is the same as accounting costs. This include cost of seeds(i.e $130), wages paid to workers, rent paid for farm land, etc.
Implicits costs on the other hand is called opportunity cost or alternative forgone.
The $25 per hour forgone by working on the farm land is implicit cost.
Never because credit cards only get you into debt, if you want a plastic way to buy things get a debit card so that you're buying things with money you actually have
Explanation:
Total Sales = 75,000
Bad debt = 75,000*3% = 2250
Entry: Debit Credit
Bad debt expense 2250
Allowance for Doubtful debt 2250
Answer: web community
Explanation:
Web community is also called an internet community, it is a virtual community whose members interact with each other primarily through the Internet.
Smaller firms are most likely to reorganize into domestic structure plus export department <span>during their internationalization.
When you internationalize you are planning and putting processes together in action. The goal is to implement new products and services to different countries, languages and cultures based. You want your product or service to be able to adapt to it's surroundings based on cultural differences. </span>
