1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
WINSTONCH [101]
2 years ago
12

The difference between accounting profit and economic profit is.

Business
1 answer:
Vadim26 [7]2 years ago
7 0

Answer:

Accounting profit - Your actual profit

Economic profit - Profit, but opportunity cost factored out

Explanation:

Accounting profit is how much you made (Revenue - Explicit Cost.

Economic profit includes implicit costs, or opportunity cost. If you could have made $100,000 at a different job, you subtract that. If Accounting-Economic profit is 0 or higher, you should stay in business.

You might be interested in
Henry bakes loaves of bread, which he sells for $4 each. He is considering purchasing additional mixers (capital) for his bakery
babunello [35]

Answer: The complete table is as follows:

Explanation:

The following are the formulas for calculating marginal product , total revenue and marginal revenue product:

Marginal product = \frac{Change\ in\ Total\ Product}{Change\ in\ Capital}

Total revenue = Price × Quantity

Marginal revenue Product = Marginal product × Price

By using these formulas, I have completed the following table:

6 0
3 years ago
George Company has a relevant range of​ 150,000 units to​ 400,000 units. The company has total fixed costs of​ $527,000. Total f
Anestetic [448]

Answer: $0.54

Explanation:

Total cost = Fixed cost + Variable cost

$622,500 = $527,000 + Variable cost

Variable cost = $622,500 - $527,000

Variable cost = $95,500

Variable cost per unit will be calculated as the variable cost divided by the production unit. This will be:

= $95,500/176,000

= $0.54

The variable cost per units is $0.54.

8 0
3 years ago
Organizations have three levels of management: first-line, middle, and top. Each of the managers at these levels has different l
Karolina [17]

Management is of three levels. managerial, middle and top level management.

Explanation:

levels of management can be defined as a part of an organization that maintains responsibility for the overall productivity and the work performance of employees.

Managerial or top level management consists of board of directors. It also consists of the board of directors. Executive or middle level management consist of line or department managers and in this level mostly the managers report top the top level management. next lowest level is the operative or supervisory level management.

Thus mostly consists of supervisors, first line managers. It comes under the organisational hierarchy of a company. top management is responsible and controls the entire organisation.

8 0
3 years ago
A junior marketing executive at MegaGrain Cereals suggest increasing the package size and price of its best selling brand withou
Zepler [3.9K]

Answer: True- Creating and maintaining satisfying exchange relationships

Explanation:

  Yes, the given answer is true that the most of the organizations and companies are basically depend upon maintaining and also creating the various types of satisfactory exchange relationship in the business.

 The creating satisfying relationship with the customer or the users is one of the important factor as it maintaining the good relationship with the company and helps in increase the growth of an organization.

According to the question, the Mega Grain's cereals is one of the company that depends upon maintaining the exchange relationship in the market by offering various types of satisfactory products to the customers.      

 Therefore, the given answer is correct.    

3 0
3 years ago
Alain Mire files a single tax return and has adjusted gross income of $309,000. His net investment income is $48,000. What is th
Anuta_ua [19.1K]

Answer: $1,824

Explanation:

According to the IRS, Net Investment Income tax is the lesser figure of either,

i. The net investment income or,

ii. Modified adjusted gross income less the threshold of $200,000 of the person.

The lesser figure is then multiplied by 3.8% to find the tax.

Alain Mire's net Investment Income is $48,000.

His Modified adjusted gross income less the threshold of $200,000 is,

= 309,000 - 200,000

= $109,000

The lesser figure is his Net Investment Income so Additional Tax is,

= 48,000 * 3.8%

= $1,824

5 0
3 years ago
Other questions:
  • What are the two principal animal research regulatory documents used by the public health service?
    10·1 answer
  • Compute the payback period for each of these two separate investments: A new operating system for an existing machine is expecte
    15·1 answer
  • On April 1, Alliance Company purchased $50,000 of Tetter Company's 12% bonds at 100 plus accrued interest of $2,000. On June 30,
    14·2 answers
  • How many times does 6 go into 138
    12·1 answer
  • A company that applies process costing is most frequently characterized by:A. Low standardization and high production volume.B.
    5·1 answer
  • How can optimism help you as an entrepreneur?
    5·2 answers
  • Price Company provides cleaning services to customers for $10,000 cash. What are the effects of this transaction on the accounti
    11·1 answer
  • Vaughn Manufacturing began the year with retained earnings of $114000. During 2022, the company issued $84500 of common stock fo
    8·1 answer
  • Firms often consolidate industries through horizontal mergers and acquisitions to?
    8·1 answer
  • A bank owns a 10-story office building. In the bank's balance sheet, this would be listed as part of?
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!