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2 years ago

Question 1

Business

2 answers:

Kitty [74]2 years ago

5 0

Answer:

true

Explanation:

true yh no changes true all the way

Nastasia [14]2 years ago

3 0

Answer:

true..................

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After graduation, you face a choice. One option is to work for a multinational consulting firm and earn a starting salary (ben

saveliy_v [14]

Answer:

Total explicit cost = $39,000

Implicit cost = $40,420

Accounting profit = $108,600

Economic profit = $68,180

Explanation:

Total explicit costs will be the total amount spent.

Therefore explicit costs =

Rent + office supplies + office staff + telephone expenses

Explicit costs = 10000 + 1000 + 24000 + 4000 = $39,000

Implicit costs= 40000 + (6000 * 0.07) =$40,420

Accounting profit = Total revenue - Total explicit costs

Accounting profit = $147,600 - $39,000 = $108,000

Economic profit = Total revenue - Total opportunity cost.

(Where total opportunity cost= explicit cost + implicit cost)

Therefore economic profits =

$147,600 - ($39,000+$40,420)

= $68,180.

Therefore,

Total explicit cost = $39,000

Implicit cost = $40,420

Accounting profit = $108,600

Economic profit = $68,180

5 0

3 years ago

Read 2 more answers

A company understated its ending inventory balance by $5,000 in 2018. What impact will this error have on cost of goods sold and

madreJ [45]

Answer:

COGS overstated for 5,000

Explanation:

The COGS will be overstated for the same ammount, that is because of the inventory identity.

$$$Beginning Inventory + Purchase = Ending Inventory + COGS$

If ending Inventory has a problem, it will be transferred to COGS as well to equalize the formula

If ending Inventory is understated it means their alue is less than it's real value,

$$$Beginning Inventory + Purchase \neq Ending Inventory (Real Inventory - Understimation) + COGS$

so to balance the formula COGS need to be overstated.

$$$Beginning Inventory + Purchase = Ending Inventory (Real Inventory - Understimation) + COGS(Real COGS + EI error)$

3 0

3 years ago

The manufacturer of Brand A automobile tires claims that its tire can save 120 gallons of fuel over 60 comma 000 miles of drivi

ivolga24 [154]

Answer:

By choosing tire A, the consumer will save $0.006 USD ($0.6 cents) per mile.

Information:

Saving: 120 gl over 60,000 miles
Gasoline: $3/gl

Explanation:

Total saving in 60,000 miles = 120gl * $3/gl = $360

Total saving in 1 mile = $360/60,000 = $0,006

5 0

3 years ago

What will the federal government (federal reserve bank) do in an attempt to encourage saving and investing?

Ksju [112]

Hello!

Answer <••> Raise dividend rates

8 0

3 years ago

Avatar Company uses the indirect method to prepare its statement of cash flows. Please refer to the following portion of the com

lozanna [386]

Answer:

D) $7,000 negative

Explanation:

What amount of net cash flow would be shown in the financing section of the statement of cash flows?

Amount of net cash flow to be shown in the financing section of the statement of cash flows = Decrease in Account payable - Increase in accrued liabilities + Borrow of new long term notes payable - Repayment of long term notes payable

= -$2,000 + $1,000 + $34,000 - $40,000

= -$7,000

3 0

3 years ago