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Author Question: Tommy's Teddy Bears incurs 300,000 per year in explicit costs and 50,000 in implicit costs. The shop ... (Read 123 times)

james0929

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on: Jun 29, 2018
Tommy's Teddy Bears incurs 300,000 per year in explicit costs and 50,000 in implicit costs. The shop earns 600,000 in revenues and has 1.1 million in net worth. Based on this information, what is accounting profit for Tommy's Teddy Bears?
 
  A) 250,000 B) 300,000 C) 500,000 D) 1.35 million

Question 2

If the demand for a product increases and the supply of the same product decreases, the equilibrium price will increase.
 
  Indicate whether the statement is true or false
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moormoney

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Reply #1 on: Jun 29, 2018
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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james0929

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

bblaney

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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