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
The grey side-gilled sea slug Pleurobranchaea maculata. The discovery of tetrodotoxin in this slug i
If you want to show differences between items at the same time, a bar graph is more effective than a
Sample Items from the Brief Multidimensional Measure of Religiousness/Spirituality (BMMRS)
United States Health Care System: Combining Business, Health, and Delivery
When operating your own business, it is wise to know your cost of capital and that of the ...
Business Math Question