Answers
partner with branded companies to be featured on their
and publications
Explanation:
Answer:
The answer is (D) By subtracting all the costs from the amount of money the customers paid.
Explanation:
When we get the total costs and the amount customers paid we just need to subtract to get the profit made that month.
(m being total amount of money, c being the costs and p being the profit)
m - c = p
think of it this way, if we have an empty bag and each person that comes by puts one candy on the bag and 10 people come by we get a total of 10 candies, then we eat 5 candies to satisfy our desire for candy then we are left with 5 candies.
(the 10 people being customers, the 5 candies being the costs and the leftover 5 candies being the profit)
Answer:
b. opportunity cost
Explanation:
<u>The opportunity cost is a term for a process when one thing is chosen and the other alternatives are lost as a cost. </u><u>This is one of the key concepts in economics</u>, as it explains the gain, costs, benefits, and choices. It doesn’t only have to refer to the money cost, but to any loss, that is made during the process of choosing between the alternatives.
The profit and benefits of other choices are lost by making a decision to chose one thing, and benefiting it from it alone.
Answer:
38880
Explanation:
Budgeted sales -870 boxes
Each box requires 44 pounds of clay
Opening inventory of clay = 3900 pounds
Closing inventory of clay = 4500 pounds
Clay mix cost - $0.40
Labor rate = $12/hr
Monthly purchase = budgeted sales + closing inventory - opening inventory
(870*44) + 3900 - 4500
38280 +4500 - 3900 = 38,880
An economy because that is economics as a whole
