Answer:
b. revenues minus accounting and opportunity costs.
Explanation:
A normal profit occurs when the amount of profit generated by a company in a given period is equal to the amount of its costs, that is, in this situation the company's profit is sufficient to cover its costs and it manages to continue operating in a market in a way competitive, for this reason the normal profit
The opportunity cost refers to normal profit due to the fact that this is the amount that is equal to zero with respect to economic profit, which is what is necessary for the company to operate when considering the investment made.
Answer:
Recall cognition
Explanation:
Recall in recollection relates to the cognitive process of remembering data from memory.its 1 of the 3 core memory processes along with storage and encoding.
The hospitality industry is a broad category of fields within service industry that includes lodging, event planning, theme parks, transportation, cruise line, and additional fields within the tourism industry.
Answer:
Charlie's Wood Works
a. The percentage of Janitorial costs that should be allocated to the Assembly Department is:
= 58%
The percentage of Security costs that should be allocated to the Cutting Department is:
= 70%
Explanation:
a) Data and Calculations:
Departments Cutting Assembly Total
Square feet 33,600 46,400 80,000
Percentage based on
square feet 42% 58% 100%
Assets $140,000 $60,000 $200,000
Percentage based on
assets 70% 30% 100%
Bases for the allocation of service departments costs:
Janitorial department = Square feet
Security department = asset value
