Pricing margin is enumerated as difference between a. Revenues and incomes of a business entity b. Selling and buying price c. Revenues and costs of a business entity d . Expenditures and costs of a business entity
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Pricing margin is enumerated as difference between
a. Revenues and incomes of a business entity
b. Selling and buying
c. Revenues and costs of a business entity
d . Expenditures and costs of a business entity
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- Accounting profits are: A.) economic profit less explicit costs. B.) less than economic profits. C.) total revenue less implicit costs. D.) more than economic profits.A firm had sales revenue of $1 million last year. It spent $600,000 on labor, $150,000 on capital and $200,000 onmaterials. What was the firm’s accounting profit?John runs a small bakery in his neighbourhood, John's Delightful Bakery. He bakes a variety of delicious pastries and bread, and his business has been quite successful. John used to work as a manager in a nearby restaurant before starting his bakery, and he quit his job to focus on the bakery. His salary was $25,000. To assess the overall performance of his bakery, John meticulously tracks his financials. For the year 2023, John has gathered the following information: · Total revenue from pastry and bread sales: $100,000. · Cost of ingredients and materials: $30,000 · Rent for the bakery space: $12,000 · Wages paid to his employees: $20,000 · Advertising expenses: $5,000 NB: · The bakery space could be rented out for $10,000 per year if John did not use it for his bakery.· John invested $40,000 of his personal savings into the bakery when he started it. These savings could have earned him a 5% annual interest in a bank savings account. Calculate John's economic profit for the year…
- Total Revenue is: Select one: a) Accounting profit+Accounting Costs b) Prixe * Quantity c) All of the options are correct d) None of the options are correct e) Explicit Cost+Implicit Cost+Economic ProfitsWhat are the types of quantitative and subjective methods used in evaluating and control the operation and performance of a firm. Give example.Stark Industries' accounting profit for the year ended 31 December 2012 amounted to $3,130 million. CEO Tony Stark could have earned an amount of $230 million by signing up for different movies instead of running the stark industries. Instead of developing the Iron Man outfit, the resources could have been used to develop robots for medical use. The project could have earned a profit of $1,500 million. Find Stark Industries' economic profit.
- 15- ____________ refers to the additional revenue gained from selling one more unit. Group of answer choices Total revenue Marginal revenue Economic profit Accounting profitECONOMICS UPVOTE WILL BE GIVEN. PLEASE CHOOSE THE CORRECT ANSWER. NO LONG EXPLANATION NEEDED. A company produces a single, high-volume product. One year its production volume was 780,000 units, its fixed costs were Php 160 million and its variable costs were Php 800 per unit. What was the company's average cost per unit produced? A. Php 1,005.00 B. Php 205.00 C. Php 800.00 D. Php 1805.00Quantity of Labor Total Product Total Revenue 1 4 $ 18 2 8 36 3 11 50 4 13 59 5 14 63 Refer to the given data. This firm's product price is A) $4.5. B) $4.25. C) $4.8. D) $18. Please explain/show your work, thank you! Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
- WRITE A COMPREHENSIVE NOTE ON HOW AUTOMOBILE INDUSTRY IN PAKISTAN HAS CHANGED AFTER FIRST AUTO POLICY IN 2016.RELATE YOUR ANSWER TO LECTURE 5 (ENGINEERING ECONOMICS -II).ALSO DISCUSS THE IMPACT OF RECENTLY INDRODUCED ELECTRIC VEHICLE POLICY ON AUTOMOBILE INDUSTRYECONOMICS UPVOTE WILL BE GIVEN. PLEASE CHOOSE THE CORRECT ANSWER. NO LONG EXPLANATION NEEDED. A company produces a single, high-volume product. One year its production volume was 780,000 units, its fixed costs were Php 160 million and its variable costs were Php 800 per unit. What was the company's total cost for the year? A. Php 160,000,000 B. Php 160,000,800 C. Php 624,000,000 D. Php 784,000,000During a year of operation, a firm collects $450,000 in revenue and spends $100,000 on labor expense, raw materials, rent and utilities. The firm’s owner has provided $750,000 of her own money instead of investing the money and earning a 10 percent annual rate of return. The accounting costs of the firm are $______________________ The opportunity cost is $______________________ Total economic costs are $______________________ Accounting profits are $______________________ Economic profits are $______________________