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sergij07 [2.7K]
3 years ago
6

Adamis the owner/operator of a flower shop. Last year he earned $250,000 in total revenue. His explicit costs were $175,000 paid

to his employees and suppliers (assume that this amount represents the total opportunity cost of these resources). During the year he received three offers to work for other flower shops with the highest offer being $75,000 per year. Which of the following is true about Adam's accounting and economic profit?
A. Accounting profit = $175,000; economic profit = $75,000.
B. Accounting profit = $75,000; economic profit = negative $100,000.
C. Accounting profit = $0; economic profit = negative $75,000.
D. Accounting profit = $75,000; economic profit = $0.
Business
1 answer:
Phoenix [80]3 years ago
3 0

A is the correct answer

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3 years ago
In the fourth stage of rational decision making, managers will _____. evaluate the alternatives and select a solution implement
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Answer:

The correct answer is: implement and evaluate the chosen solution.

Explanation:

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Through this method, different steps of the decision-making method are followed to achieve the objectives proposed objectively.

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6 0
3 years ago
On January 1, Year 1, Price Co. issued $190,000 of five-year, 6 percent bonds at 96½. Interest is payable annually on December 3
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Answer:

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6 0
3 years ago
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