Answer:
B. minus$2,000.
Explanation:
The computation of the economic profit is shown below:
As we know that
Economic profit = Total revenue - Explicit costs - Implicit costs
= $35,000 - $30,000 - $7,000
= -$2,000
The implicit cost is come from
= $70,000 ×10%
= $7,000
We simply applied the above formula so that the economic profit could come
Answer:
Option D.
Explanation:
Given information:
Formula for price elasticity of demand is
Substitute the given values in the above formula.
Absolute value is
The absolute value of the price elasticity of demand for DVD players is 2.67.
Therefore, the correct option is D.
Answer:
B) Credit to refund liability of $280,000
Explanation:
The total estimated returns are 85 of the total sales = 8% x $21,000,000 = $1,680,000.
Since the company had already accounted for $1,400,000 in returns, the adjusted necessary should be = total returns - accounted returns = $1,680,000 - $1,400,000 = $280,000
Since the refund liability account must increase, and it is a liability account, it should be credited.
Answer:
The overview of the statement is summarized below.
Explanation:
- The capital structure seems to be the ratio of net required by investors toward about there capital expenditure. Investment return capital spending seems to be the return rate required for expenditure.
- Returns required by financial institutions are much worse than the amount of capital, even before investors necessitate a reasonable level of profitability.
I believe the answer is: A) You own a home.
The 1040EZ is created to favour a more bare-bones return (for people who had no dependants i.e wife&kids and generally make under $ 100,000 a year). 1040 on the other hand, is a form that created to favour someone who typicall make more than $ 100,000 and own properties
