Solution :
1.
The income from renting his showroom that Paolo would receive if he allowed to rent his showroom is a Implicit cost as this is a cost which will not be paid in actual.
The wages as well as the utility bills paid by Paolo is an example of explicit cost as this cost would be paid in actual for the businesses and are added in accounting.
The wholesale amount that Paolo pays for the pianos to the manufacturer is an explicit cost and is aid in actual to the manufacturer.
The salary that Paolo could have earned if he choses to be an accountant will be an implicit cost as this cost is not paid in actual.
2. Paolo's accounting profit can be calculated by :
Accounting profit = revenue - explicit cost
= 851,000 - 476,000 - 281,000
= $ 94,000
3. Paolo's economic profit is :
Economic profit = accounting profit - implicit profit
= 94,000 - 34,000 - 71,000
= -11,000
Nekaozizb. A69291984 towiJb f f 18835!5. Wooziness r8289192 01948 02845
Answer:
The correct answer is option a.
Explanation:
In 2007-2009 financial crisis occurred globally which originated in the US. It was triggered in the US because of the collapse of the housing bubble which caused the price of houses to decline.
The housing bubble was backed by mortgages securities. The percentage of lower quality or subprime mortgages increase around 2004-06.
This reduction in the asset value for mortgage securities caused the banks to reduce their lending as the debts on consumers and businesses were increasing.
This caused the credit crunch in the year 2008.
The answer is letter C. There is a recession. It is a temporary economic decline when trade and business activities are lessened which leads to the GDP of the country to reduce in numbers. If the decline would last for at least 6 months, this will cause a major impact on the real GDP,
Answer:
Letter d is correct. Filtering and withdrawal.
Explanation:
Information overload occurs when there is an excess of daily information, which is enhanced by the use of technologies whose information circulates in free demand and real time. In the organizational world, the use of information technologies has greatly facilitated work processes, data and indices have dramatically increased understanding of buying and selling behaviors, management and control, and internal and external communication. However, it is important to set limits so that there is not too much information, which instead of helping the processes, can confuse individuals, cause conflicts and even a loss of focus.
So the two strategies that best fit the control of information overload are filtering content so that you don't lose focus on what is really relevant to your daily work and withdrawal what is not relevant at the moment. By planning and managing information it is possible to establish greater control.
