Answer:
20.875
Explanation:
18+24+17+21+24+16+29+18=167/8=20.875
Answer:
Sell to ABC corporation.
Explanation:
Here we have two options which is either sell the farm to ABC for $500,000 today or sell it to XYZ for $530000 receivable after a year.
Option 1. Selling to ABC
The amount received $500,000
Investing it at 10% <u> $50,000</u>
Total Value of Investment at year end $550,000
Now Option 2. Selling to XYZ
The amount received <u>$530,000</u>
Total Value of Investment at year end $530,000
As the benefit to sell ABC is more than XYZ corporation hence its better to sell the farm to ABC corporation.
Answer:
greater than economic profit because the former does not take implicit costs into account.
Explanation:
Accounting profit= total revenue - explicit cost
Total revenue =price x quantity sold
Explicit cost includes the amount expended in running the business. They include rent , salary and cost of raw materials
an example
revenue = 100
explicit cost = 50
implict cost = 20
accounting profit = 100 - 50 = 50
economic profit = 50 - 20 = 30
economic profit is less than accounting profit
Economic profit = accounting profit - implicit cost
Implicit cost is the cost of the next best option forgone when one alternative is chosen over other alternatives
The answer is B ✌️ Hope that I help you Tell me if it's wrong or right
Answer:
fixed cost.
Explanation:
Straight-line depreciation is a typical example of a fixed cost.