The answer is To give a sense of luxury
Answer:
<u>Yes. </u>
Explanation:
How else are they going to make their money?
Answer:
$20,000
Explanation:
Calculation for Sweet's economic profit
First step is to calculate the Explicit Costs
Using this formula
Explicit Costs = Rent on building +Payment of Salary to employees + Utilities + Goods bought
Let plug in the formula
Explicit Costs = ($30,000)+ ($40,000) + ($20,000) +($10,000)
Explicit Costs =$100,000
Last step is to calculate Sweet's economic profit
Using this formula
Economic profit = Total Revenue – (Explicit Costs + Implicit Costs)
Let plug in the morning
Economic profit = $135,000 - $100,000 - $15,000
Economic profit= $20,000
Therefore Sweet's economic profit will be $20,000
Answer:
Benefit payments made on a usual, customary and reasonable (UCR) basis are not scheduled, but are based on the average fee charged by all doctors in a given geographical area.
Explanation:
Benefit payments can be described as a government payment to specific people in the society who are disadvantaged in one way or the other. Benefit payments can be made to the; unemployed, people with children, the aged, people who are ill and even the poor. Benefit payments is a practice that is anchored in law that aims at protecting the economically vulnerable in the society. There are different types of benefit payments that exist. In this particular question, we will consider UCR payments.
The UCR payments falls under the health and welfare plans, and can be defined as benefit payments that are not scheduled but are based on the average fee charged by all doctors in a given geographical area. A benefit payment that is not scheduled means that it doesn't have a specific amount attached to it, but depends on the location. This is because health services charges vary from one geographical position to the next. One can be offered different medical charges in different locations due to a distinction in geographical area. The same geographical areas however, have an average amount of fee that is specific to that area. In benefit payments, this average amount is what is often payed to the beneficiary.
Answer:
Here is the answer
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