Answer:
ii. Her accounting profit was $150,000
iii. Her economic profit was $50,000
Explanation:
The computation is shown below:
For accounting profit, it is
= Total revenues - total expenses i.e explicit cost
= $250,000 - $100,000
= $150,000
And, for economic profit
= Total revenues - total cost i.e explicit and implicit cost
= $250,000 - $100,000 - $100,000
= $50,000
Hence, the second and third options are correct
Answer:
D. global communication and transportation technologies, a global knowledge base, and global social norms.
Explanation:
Global business management process involves identifying, analyzing and planning a business at the international level.
General cultural factors driving global business are global communication and transportation technologies, a global knowledge base, and global social norms.
When starting up a business with the intention to break into the global market successfully, it is important and necessary to ensure the cultural factors driving a business are well managed.
The business should ensure it creates a medium for effective communication by using both the traditional and digital media such as television, radio, billboards, blogs etc. Efficient means of transportation or logistics should be developed for smooth export of their goods and services.
Also, having a well informed knowledge of their niche is key to the success of the business.
Lastly, the business should abide with the global social norms.
Answer:
A. An increase in demand and supply of this drug.
Explanation:
In this case, if marijuana were to decriminalized, demand would be skyrocket in the short-term. It will achieve equilibrium once it is set to be recreational use only.
Answer:
Checks dated prior to year-end to the outstanding checks listed on the year-end bank reconciliation.
Explanation:
The bank cutoff statement is a bank statement for the client prepared at an agreed-upon interim date which is sent directly to the auditor. Usually the auditor asks the client to have the bank prepare the cutoff statement for some period 10 to 15 days after the close of the year.
By preparing a four-column bank reconciliation ("proof of cash") for the last month of the year, an auditor will generally be able to detect: An unrecorded check written at the beginning of the month which was cashed during the period covered by the reconciliation.
Hey don't read this...
B) <span>It means that producers make as much of their product as possible.</span>
:D Now that you've seen this you will get a perfect A on the test ^.^
Pass this on to someone's answer and replace my answer with the answer you get.
HAVE FUN and GOOD LUCK :P
