Answer:
The break-even point in economics, business—and specifically cost accounting—is the point at which total cost and total revenue are equal, i.e. "even". There is no net loss or gain, and one has "broken even", though opportunity costs have been paid and capital has received the risk-adjusted, expected return.
Explanation:
Answer: See explanation
Explanation:
a. This has been solved and attached.
Note that the net benefits was calculated as:
= Marginal benefit - $200
b. Looking at the table and information provided in the attachment, we would see that no company offer to build the museum because since their cost of $1000 can't be covered by the revenue generated. The highest revenue gotten for the single price monopolist is $760 and this can't even cover their cost.
c. Based on the scenario given in (c), the highest revenue the price discriminating monopolist would make is $1200 and coupled with the fact that the cost is $1000, the maximum bid that a private company would make to supply the museum to Smallsville is $200 ($1200 - $1000)
Answer:
An accountant is someone who keeps or examines the records of money received, paid, and owed by a company or person.
Explanation:
To be a good accountant you need to earn the Right Degree. Although not required, most accountants attend college and earn a bachelor's degree.
You also have to pick a Specialty. Virtually all accountants and CPAs specialize in one or more areas of practice.
Eventually you will have to decide between being an accountant or CPA. .
If you want to be a CPA you will need to pass CPA Exam.