This is a loaded political question. But I think the question is trying to get you to think about who is doing the best for society as a whole and who is thinking about doing what's best for them.
However, some would argue that doing what's best for yourself will also lead to the greater good of society, but I think this question (as unfair as it may be), is leading you to say that democrats are more concerned with achieving broad happiness and republicans are concerned with fulfilling selfishness.
Human labor is used in a Capitalist system in order to make products.
<u>Answer: </u>7.1 92000
7.2 70000
7.3 30000
7.4 -40000
<u>Explanation:</u>
7.1 Explicit cost means the cost which occurs to meet the expenses for the business operations
The explicit cost is calculated below.
Wages and salaries 700000
Interest on bank loan 50000
Cost supplies 150000
Depreciation 20000
Total Explicit cost $920000
7.2 Implicit cost means the opportunity cost that is foregone by investing in other type of investment. Implicit cost is not incurred by the business actually.
Risk free return 30000
Risk premium 40000
Total Implicit cost $70000
*7.3 The difference between the cost and the revenue provides the accounting profit of the firm.
Accounting Profit
= Revenue - Explicit Cost
=950000 - 920000
Total accounting profit firm= $30000
7.4 Economic profit means the profit arrived by the firm after deducted the total of explicit and implicit cost.
Economic Profit
=Revenue - (Explicit Cost + Implicit Cost)
=950000 - (920000 + 70000)
Total Economic Loss incurred= $-40000
The best and most correct answer among the choices provided by your question is the second choice or letter B. They could put up a partnership which <span>might best suit their growth.
</span>
A partnership<span> is a single business where two or more people share ownership. Each </span>partner<span> contributes to all aspects of the business, including money, property, labor or skill. In return, each </span>partner<span> shares in the profits and losses of the business.</span>
I hope my answer has come to your help. Thank you for posting your question here in Brainly.
Answer: c. $18,000
Explanation:
Provision for doubtful accounts estimate;
= 600,000 * 3%
= $18,000
This is the Percentage of sales method and it ignores the existing balance in the Provision for doubtful accounts using only the estimate provided.
