Answer:
A cash receipts budget of flying consumers.
Explanation:
Operational budget is defines as all the profits and expenses a business realises as a result of planning it's operations.
Usually an operational budget is set before activities begin, and is a target to be achieved.
For an airline cash receipts of flying customers is not a revenue realised as a result of planning operations, so this is the correct answer.
However a fuel budget, material budget for parts, and labour budget for flight crew are operational budgets.
Answer: Conformance to specifications.
Explanation:
Conformance to specifications is a standard set by a production company for their products, where each unit of product needs to reach at least the level of standard set before they can be put out for sale. Conformance to specifications is usually checked by the quality assurance/quality control manager of a company.
Answer: C $6,000
Explanation:
Accounting profit = Revenue - Explicit Cost
Revenue = 6000 × 2.5 = $15,000
Explicit Cost = $ 9,000
Accounting profit = $15,000 - $ 9,000 = $6,000
Answer:
IV
YES
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
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
economic profit includes the opportunity cost of funds
In some industries, only normal profit is earned in the short run. For example, in a perfect competition and monopolistic competition, only normal profit is earned in the long run due to free entry and exit of firms in the industry. thus if only normal profit would be earned, the company should still go ahead and establish
The scientists are trying to find if TV causes aggressions. TV is the independent variable and aggression depends on if the adults watch the TV.