This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A firm's accounting profit is measured as A) operating expenses minus revenue. B) revenue minus ... (Read 169 times)

mikaylakyoung

  • Hero Member
  • *****
  • Posts: 531
on: Jun 29, 2018
A firm's accounting profit is measured as
 
  A) operating expenses minus revenue.
  B) revenue minus operating expenses and taxes paid.
  C) revenue plus operating expenses minus taxes paid.
  D) net worth minus economic profit.

Question 2

The ________ is a measure of the price level and is calculated by dividing ________ by ________ and multiplying by 100.
 
  A) CPI; real GDP; nominal GDP
  B) PPI; nominal GDP; real GDP
  C) PPI; real GDP; nominal GDP
  D) GDP deflator; nominal GDP; real GDP
  E) GDP deflator; real GDP; nominal GDP


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

ebe

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

D


mikaylakyoung

  • Member
  • Posts: 531
Reply 2 on: Jun 29, 2018
YES! Correct, THANKS for helping me on my review

ecabral0

  • Member
  • Posts: 310
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Cucumber slices relieve headaches by tightening blood vessels, reducing blood flow to the area, and relieving pressure.

Did you know?

In most cases, kidneys can recover from almost complete loss of function, such as in acute kidney (renal) failure.

Did you know?

Despite claims by manufacturers, the supplement known as Ginkgo biloba was shown in a study of more than 3,000 participants to be ineffective in reducing development of dementia and Alzheimer’s disease in older people.

Did you know?

Pink eye is a term that refers to conjunctivitis, which is inflammation of the thin, clear membrane (conjunctiva) over the white part of the eye (sclera). It may be triggered by a virus, bacteria, or foreign body in the eye. Antibiotic eye drops alleviate bacterial conjunctivitis, and antihistamine allergy pills or eye drops help control allergic conjunctivitis symptoms.

Did you know?

Signs and symptoms that may signify an eye tumor include general blurred vision, bulging eye(s), double vision, a sensation of a foreign body in the eye(s), iris defects, limited ability to move the eyelid(s), limited ability to move the eye(s), pain or discomfort in or around the eyes or eyelids, red or pink eyes, white or cloud spots on the eye(s), colored spots on the eyelid(s), swelling around the eyes, swollen eyelid(s), and general vision loss.

Growth Accounting for Europe, A.D. 500–1700 Growth Accounting for Europe, A.D. 500–1700
Managerial Accounting Managerial Accounting
A company that sells sweatshirts finds that the profit can be modelled by P(s)= ... A company that sells sweatshirts finds that the profit can be modelled by P(s)= ...
The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ... The profit, p(t), made at a fair depends on the price of the ticket, t. The profit is modelled ...
MANAGEMENT ACCOUNTING MANAGEMENT ACCOUNTING
Accounting Information Systems, 4th Edition Accounting Information Systems, 4th Edition
Video: Cerebral Cortex Animation

For a complete list of videos, visit our video library