Answer:
Accounting profit=$300,000
Explanation:
<em>Accounting profit is the difference between revenue from from production or service activities and the expenditures incurred. </em>
<em>It is the difference between the total revenue and the</em><em> total explicit costs</em><em>. Explicit costs are those transaction cost incurred to generate revenue . E.g the cost of the material , labour, expenses e.tc.</em>
On the other hand, economic profit includes accounting profit plus opportunity cost. Opportunity cost is the value of the benefits sacrificed in favour of a decision.
Accounting profit = Sales revenue - Explicit cost
Sales revenue = Price × units sold= $15× 1000× 30 = $450,000
1
Explicit cost = $150,00
Accounting profit = $450,000- 150,000 = $300,000
Accounting profit=$300,000
Note we ignore the amount she could have earned because it is an implicit cost
70,000 to 120,000 known species of shells are in the sea
Answer:
B) Long-term debt
Explanation:
Long term debts are loans that are due in more than 1 year, and generally bonds are due in several years.
- Revolving credit agreements is a revolving line of credit where the client uses the funds only when they need it.
- Commercial papers are short term promissory notes (due in less than 1 year).
- Trade credit is usually handed out by a company's vendors where you receive merchandise and pay for it later (usually in a month or two).
Answer:
A. To enable the government to calculate the bank's tax burden more easily
Explanation:
hope this helps
