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
Direct materials inventories are kept in pounds for Cat Company, and the total pounds needed for production in the current perio
pychu [463]

Answer:

Purchase= 14,500 pounds

Explanation:

Giving the following information:

the total pounds needed for production in the current period is 14,000. Beginning inventory= 2,000 pounds

Desired ending inventory= 2,500 pounds

To calculate the direct material purchase, we need to use the following formula:

Purchase= direct material for the period + desired ending inventory - beginning inventory

Purchase= 14,000 + 2,500 - 2,000

Purchase= 14,500 pounds

8 0
3 years ago
The improvement of the product and process in the scrum method is discussed at the _____.
baherus [9]

The improvement of the product and process in the Scrum method is discussed at the<u> "sprint reflection meeting".</u>


The Sprint Retrospective is an opportunity for the Scrum Team to review itself and make an arrangement for enhancements to be instituted amid the following Sprint.  

The Sprint Retrospective happens after the Sprint Review and preceding the following Sprint Planning. This is at most a three-hour meeting for one-month Sprints. For shorter Sprints, the occasion is normally shorter. The Scrum Master guarantees that the occasion happens and that chaperons comprehend its motivation. This is the open door for the Scrum Team to enhance and all part ought to be in participation.

4 0
3 years ago
Sunland Company collected $22400 in May of 2016 for 4 months of service which would take place from October of 2016 through Febr
kati45 [8]

Answer:

There is something wrong with this question because October to February is not four months, it's five months.

We can calculate this assuming 3 months of 2016 (October, November, December) and 2 months of 2016 (November and December).

  • 3 months of 2016 = ($22,400 / 4 months) x 3 months = $16,800
  • 2 months of 2016 = ($22,400 / 4 months) x 2 months = $11,200

No option is correct.

6 0
3 years ago
Paramedics require excellent mechanical skills. <br><br> True<br><br> False
UkoKoshka [18]
False.)
Why? Paramedics have the minimal amount of machines to manage, they’re more versed in having excellent skills in well, being paramedics, lol. Hope this helps and good luck!! :)
6 0
3 years ago
Read 2 more answers
Why was the privatization of public property considered to be a vital task after Texas entered into the Union in 1845
Lesechka [4]

The privatization of public property was a vital task because the state was "land rich but money poor" and there is need to raise funds that could be used for infrastructure purposes such as funding elementary, secondary, higher education etc

<h2>What is privatization?</h2>

Privatization refers to process where a government business, operation,  property becomes a privately-owned property, business etc

In conclusion, the privatization of public property was a vital task because the state was "land rich but money poor" and there is need to raise funds that could be used for infrastructure purposes such as funding elementary, secondary, higher education etc

Read more about Privatization

<em>brainly.com/question/1086126</em>

8 0
1 year ago
Other questions:
  • Gross Accounts Receivable is $12,000. Allowance for Doubtful Accounts has a credit balance of $600. Net sales for the year are $
    13·1 answer
  • Helen tells her nephew, Bernard, that she will pay him $100 if he will stop smoking for six months. Helen was hopeful that if Be
    10·2 answers
  • All of the following costs are likely to decrease as a result of better quality except:
    9·1 answer
  • Roll over each phrase to see various actions that ensure fair communications. Then drag the actions to the most appropriate cate
    5·1 answer
  • Economics: Which items make up the marketing mix?
    11·2 answers
  • United Plastics Group of Houston, Texas, decided to invest in a foreign country by setting up two independent injection-molding
    11·1 answer
  • When projecting future cash flows of an investment​ ________. A. the initial investment is a significant cash outflow that is tr
    13·1 answer
  • The accountant for Main Street Jewelry Repair Services, Inc. forgot to make an adjusting entry for Depreciation Expense for the
    11·1 answer
  • A comprehensive evaluation of the group of businesses a company has diversified into involves: a.evaluating the attractiveness o
    5·1 answer
  • Which career would organize, train, and support teachers and educational workers to help them provide better
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!