D because a discount is an upfront guaranteed incentive
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
Answer:
The amount of accounts receivable which is to be reported on the company's budgeted balance sheet for August is $150,000
Explanation:
For computing the account receivable balance for the august month, the following adjustment is required which is shown below:
= August sales × credit sale percentage
where,
August sale is $200,000
And, the credit sale percentage is 75% because 25% is cash sale and the remaining 75% is a credit sale
So,
the accounts receivable would be equals to
= $200,000 × 0.75
= $150,000
Hence, the amount of accounts receivable which is to be reported on the company's budgeted balance sheet for August is $150,000
Investment banking<span> and </span>commercial banking<span> are two divisions of the </span>banking
<span>industry that provide substantially </span>different<span> services. </span>Investment banks<span> expedite the purchase and sales of bonds, stocks and other </span>investments<span> and aid companies in making initial public offerings</span>
True you have to have a way to move things so other things can get better
