A business owner makes 50 items a day. He spends 8 hours in producing those items. If hired elsewhere he could have earned 10 an hour. The item sells for 10 each. Production occurs seven days a week. If the explicit costs total 10,000 a month, the accounting profit for the month equals:
a. 1,760
b. 2,240
c. 11,760
d. 5,000
Question 2
Accountants and Economists differ in their calculations of profits in that;
a. economists consider sunk costs
b. accountants consider implicit costs only
c. accountants consider explicit costs only
d. all of the above
Guinea pig pup at eight hours old
A subdural hematoma. A meningeal vein is ruptured and blood has accumulated in the subdural space, p
The heavily worn, and sometimes cutmarked, anterior teeth of Neadertals suggest that these teeth wer
For some Americans, religion is an “easy-going, makes-little-difference” matter, as expressed in ...
An organizational specialist is hired as a consultant to a company planning to open a coffee ...
A bank statement shows a balance of $2,970.31 The check register of the account owner shows an ...