Business, 16.03.2020 18:44 trodgers0202
For most firms, the major difference between accounting profit and economic profit is that a. accounting profit omits the salaries of managers, and therefore, it is generally greater than economic profit. b. explicit and implicit costs are included in the accounting profit while only explicit costs are included in economic profit. c. accounting profit is based on opportunity cost, whereas economic profit is based on market transactions. d. accounting profit does not consider the opportunity cost of the firm's equity capital in terms of foregone interest and, therefore, generally overstates economic profit.
Answers: 3
Business, 21.06.2019 17:20
Your aunt is thinking about opening a hardware store. she estimates that it would cost $300,000 per year to rent the location and buy the stock. in addition, she would have to quit her $45,000 per year job as an accountant. a. define opportunity cost. b. what is your aunt's opportunity cost of running a hardware store for a year? if your aunt thought she could sell $350,000 worth of merchandise in a year, should she open the store? explain.
Answers: 2
Business, 22.06.2019 19:40
Best burger is a major fast food chain. its managers are motivated to grow the firm in order to increase their market power and change the industry structure in their favor. which of the following strategies is most associated with their motive for growth? a. employing celebrity spokespeople b. implementing automated burger-making machinery c. purchasing competitors d. increasing executive salaries
Answers: 3
Business, 22.06.2019 23:30
Sole proprietorships produce more goods and services than does any other form of business organization.
Answers: 2
For most firms, the major difference between accounting profit and economic profit is that a. accoun...
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