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jeka57 [31]
3 years ago
9

Economic profit is defined as _____ Question 17 options: a) total revenue plus what must be paid to resources to attract them fr

om their best alternative use. b) total revenue divided by what must be paid to resources to attract them from their best alternative use. c) the price of the goods sold minus the quantity of goods sold. d) total revenue minus what must be paid to resources to attract them from their best alternative use. e) total revenue minus the cost of the goods produced.
Business
1 answer:
Arlecino [84]3 years ago
5 0

Answer:

d) total revenue minus what must be paid to resources to attract them from their best alternative use.

Explanation:

In Financial accounting, the total operating income can be defined as the sum total of the profit of a business firm (company) after its regular, recurring costs and expenses have been deducted. Thus, it's the amount of revenue generated by a business firm (company) after subtracting all operating expenses and cost of goods sold (COGS).

Mathematically, the total operating income of a business is calculated by subtracting the indirect expenses incurred by the business firm from its total direct operating margin.

On a related note, profit is calculated by subtracting the cost price of an item from the selling price of the item. Thus, a profit is generated when the operating costs are subtracted from the total revenue generated.

In conclusion, economic profit is defined as total revenue minus what must be paid to resources to attract them from their best alternative use.

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A company reported total stockholders' equity of $540,000 on its balance sheet dated December 31, 2016. During the year ended De
solniwko [45]

Answer:

$667,000

Explanation:

stockholders' equity December 31, 2016 = $540,000

plus net income = $60,000

minus cash dividends = ($18,000)

plus issuance of common stock = $70,000

plus sale of treasury stock = $15,000

stockholders' equity = $667,000

Stock dividends do not affect the value of stockholders' equity, that is why they are not included in this calculation.

7 0
3 years ago
Suppose it costs $2,500 to buy a defibrillator. Find the expected value of owning a defibrillator if there is a 4% probability t
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Answer:

yeah

Explanation:

3 0
3 years ago
Two successful firms are observed with quite different compensation plans for their salespeople. One firm pays its salespeople o
cricket20 [7]

Answer:

Salary and Commission compensation benefit has its pros and cons. However, The Company that adopts Salary Compensation benefit might be making a mistake.

Explanation:

If you pay salesmen a straight salary, some may have limited motivation to exceed basic expectations. However, commission based remuneration is pro performance in that drive salesmen to set more aggressive goals, work through obstacles and rejection to meet their target for a particular period.

Businesses that pay fixed salaries incur higher overhead costs because you have to pay whether you are making profits or not. But the case is different in Commission based compensation benefit where the risk is shared and commission is only paid when money is made.

5 0
3 years ago
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One of Christina’s colleagues works with her on developing a more standards-driven environment in her classroom. The two teacher
IceJOKER [234]

The first thing Cristina should do to create a more standards-oriented environment in her classroom is to create positive relationships with her students.

<h3 /><h3>How to create a positive educational environment?</h3>

It is necessary for the teacher to be organized according to the methodologies required by the institutional standard, as standardization generates the systematization of processes so that student learning and development occurs in a similar way, without bias, for example.

Therefore, the standardization of teaching helps in conformity, structuring and systematization, essential for the formation of relationships and educational culture favorable to social, cognitive and academic development.

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7 0
2 years ago
Why is it so difficult to correctly identify a new product or process as emerging technology?
Finger [1]

Answer:

Technology is defined by how people use scientific knowledge, and not only does scientific knowledge constantly change, but the way we use it is also constantly changing.

Emerging technologies refers to a new technology or technological innovations. The problem is that what can be considered new and how fast will it become obsolete? Our world is changing so fast, that current technology will be obsolete in just a few months, or maybe a year from now.

Because new technologies become old too fast, it is very difficult to identify them before they are no longer an innovation. Only those technologies that become mainstream can be clearly identified as emerging technologies, e.g. the iPhone was considered an emerging technology in 2007 and even though the first iPhone is obsolete now, it became mainstream technology.

5 0
3 years ago
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