1,D u answered it 2,B 3,A 4,E 5,C
Answer:
Accounting profit= $55,000
Explanation:
Giving the following information:
Last year, he earned $70000 in revenue. He had explicit costs of $15000.
<u>The accounting profit doesn't take into account the opportunity cost of other income options.</u>
Accounting profit= 70,000 - 15,000= $55,000
Reflects the satisfaction a consumer receives from consuming a particular set of goods and services
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
Currently, the unit selling price of a product is $125, the unit variable cost is $105, and the total fixed costs are $460,000. A proposal is being evaluated to increase the unit selling price to $130.
Break-even point= fixed costs/ contribution margin
A) Break-even point= 460,000/(125-105)= 23,000 units
B) Break-even point= 460,000/ (130 - 105)= 18,400 units
Answer: commercialization
Explanation:
Concept testing is the stage at which survey is being carried out for a particular product. This is done in order to know how consumers will accept a new product before such product is finally introduced to the market.
Since the product has passed the concept testing, the next step will be commercialization. This is when the product is then introduced and the business is managed in order to make profit.
