Answer:
IFRS
Explanation:
The International Accounting Standards Board (IASB) and the US Financial Accounting Standards Board (FASB) proposed improved standards for the IFRS regarding the <u>single revenue recognition standard</u>. This way, the standard would be omnipresent across several industries and markets, creating unified and standardized<em> financial reporting.</em>
When there is "technological improvement" the effect on the quantity of a product in a Supply Curve is B. The curve would shift from the left to the right (S2 to S1).
<h3>What happens to the Supply Curve as a result of technological improvement?</h3>
When there is technology improvement, this means that the economy will be able to produce more goods and services with the same amount of resources that they have.
When there is an increase in the quantity produced, this means that there will be more supply in the economy. An increase in supply would affect the Supply curve such that it would move from the left to the right. This means that in this case, S2 would move to S1 on the right.
Find out more on the effects of technology on supply at brainly.com/question/1412393.
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Answer:
ADDITIONAL REVENUE & ADDITIONAL COST
Explanation:
If Korey has made the decision to bring on an extra hand to help run the store in the afternoons and the new employee will make $435 per month; then there are 2 changes that will happen to the monthly net income
1. Increased Revenue: Since the new employee will be bringing in additional revenue of $435, then the direct impact of that is an increment in the revenue line of the income statement
2. Increased Costs: Secondly, this change will affect Korey's monthly net income in the area of cost because he has to pay the extra hand some sort of monthly salaries which will have a reducing effect on profit.
Brain drain is very popular practice is third world countries. because in third world countries employees are under paid, that is why they go to other countries to work because they can earn more. so if country can have an economic growth, fewer people will go out from the country because they will have a satisfying income
Answer:
a. $100, and her economic profits are $25
Explanation:
Accounting profit = Revenue - Explicit Cost
$150 - $50 = $100
Economic profit = Accounting profit - Opportunity cost
$100 - ($ 15 × 5)
$100 - $75 = $25
I hope my answer helps you