when accounting profits are positive, economic profits will be negative. will equal zero. must be positive. could be positive, negative or zero.
Answers
When accounting profits are positive, economic profits could be positive, negative, or zero.
Accounting profits only take into account explicit costs, such as explicit expenses and depreciation, while ignoring implicit costs, such as the opportunity cost of using resources in a particular venture. Economic profits, on the other hand, consider both explicit and implicit costs.
If economic profits are negative, it means that the business is not generating enough revenue to cover all costs, including both explicit and implicit costs. In this case, accounting profits may still be positive due to the exclusion of implicit costs from the calculation.
If economic profits are zero, it means that the business is earning enough revenue to cover all costs, including both explicit and implicit costs. In this scenario, accounting profits may or may not be positive, depending on the specific accounting practices and calculations used.
If economic profits are positive, it means that the business is earning revenue that exceeds both explicit and implicit costs. In this case, accounting profits are likely to be positive as well, but it is not necessary for them to be equal.
Therefore, accounting profits being positive does not necessarily imply that economic profits will be negative, zero, or positive. It depends on the specific circumstances and the inclusion of all relevant costs in the economic profit calculation.
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Related Questions
What would Jamie Lee's financial liability have been had she waited more than two days to report the debit/ATM card lost or stolen
Answers
Explanation:
If Jamie notifies the bank within 2 days of the lost card , her liability for unauthorized would be $50.
Jamie Lee's as the account holder is financially responsible for any form of transfers or withdrawals that has or will be made from their accounts and until He report the theft, he will be liable to all withdrawals.
What is a Checking Account:A checking account is known to be a kind of bank account that is often used by people as a deposit account.
The usual amount deposited by them in this account is known to be used for paying bills and other form of purchases.
Base on the fact above, Jamie Lee's would be liable for his financial liability because she had waited for more than two days to report her debit/ATM card lost or stolen and as such any theft that happen within those two days on her account is her fault.
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The publisher of Celebrity Living claims that the mean sales for personality magazines that feature people such as Megan Fox or Jennifer Lawrence are 1.5 million copies per week. A sample of 10 comparable titles shows a mean weekly sales last week of 1.3 million copies with a standard deviation of 0.9 million copies.
Answers
Answer and Explanation:
The computation is shown below:
For determining each part first we have to do the following calculations
Critical value of t = 3.250
Null hypothesis = 1.5
Alternative hypothesis ≠ 1.5
Population mean \(\mu\) = 1.5
Sample mean \(\bar X\)= 1.30
Sample size \(n\) = 10.00
Sample standard deviation \(s\) = 0.900
Standard error of mean is
\(s_x = \frac{s}{\sqrt{n} }\)
\(= \frac{0.900}{\sqrt{10.00}}\)
= 0.2846
Test static is
\(t = \frac{x - \mu}{s_x}\)
\(= \frac{1.30 - 1.5}{0.2846}\)
= -0.703
a. The null hypothesis is
μ = 1.5
Alternate Hypothesis is
μ ≠ 1.5
b. reject \(H_o\) if t is not between
-3.250 and 3.250
c. The value of the test statistic is
t = -0.703
(as we have computed above)
d. fail to reject \(H_o\) as this data does not contradict the publisher claim
Read the excerpt from a supporting opinion of the Supreme Court’s ruling in Plessy v. Ferguson.
If the civil and political rights of both races be equal, one cannot be inferior to the other civilly or politically. If one race be inferior to the other socially, the Constitution of the United States cannot put them upon the same plane.
How does this relate to the premises of Brown v. Board of Education?
Answers
Answer:
The excerpt relates to the premises of Brown v. Board of Education, in that Brown v. Board of Education put an end to school segregation on the basis that Black Americans were being discriminated against when they were obliged to attend their own, separate schools and universities, and when they were not allowed to attend education facilities were white people were present.
The Supreme Court in both cases ruled against discrimination of Black Americans because this discrimination represents a violation of their civil and political rights, which are supposed to be guaranteed under the U.S. Constitution.
Answer: A
Explanation: because I passed
how should the entries to a schedule of accounts payable be ordered
a. by date received
b. alphabetically by vendor name
c. by amount due from most to least
d. by date due
Answers
The entries in a schedule of accounts payable would be ordered alphabetically by vendors name.
What is the use of a schedule of accounts payable?A schedule of accounts payable is a list of all the vendors in the ledger of accounts payable to whom the business is currently indebted, together with the balances of their current accounts. In other words, the accounts payable schedule is a list of everyone to whom the company owes money in the accounts payable systems in alphabetical order.
There are two key benefits to using the accounts payable schedule. This schedule, first and foremost, enables managers as well as the accounts payable division to keep track of and arrange the vendor accounts that need to be paid. For instance, the majority of manufacturers and retailers purchase inventory and products from other companies.
Cash payments for these transactions are uncommon. Instead, the buying business merely places the acquisition on credit and pays the vendor within 30 days well after purchase. This technology accelerates corporate operations and makes it simpler for enterprises to purchase things.
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Answer: d. by date due
Explanation: I just took the test.
Which quality of accounting information states that the information is verifiable and is not subject to opinion.
Answers
Reliability!
Hope this helps, Good luck! :)
Manhattan Developers, Inc., pays Northeast Trust Company to release its claim to a strip of waterfront property. Northeast gives Manhattan a deed that conveys only whatever interest Northeast has in the strip. This deed is
Answers
"Manhattan Developers, Inc., pays Northeast Trust Company to release its claim to a strip..." this is a quitclaim deed. This is further explained below.
What is a deed?Generally, the deed is simply defined as Legal documents that are signed and delivered, particularly those that deal with property or legal rights.
In conclusion, When a company pays another company to relinquish a claim to a strip mine, it is executing a quitclaim deed.
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17. The matching principle requires that a) assets will be matched to the liabilities incurred to purchase them b) non-operating gains and losses should be netted against each other c) a proportion of each dollar collected will be assumed to be a recovery of cost d) revenues earned and expenses incurred in generating those revenues should be reported in the same income statement e) none of the above
Answers
Answer:
D
Explanation:
The matching principle requires that revenues earned and expenses incurred in generating those revenues should be reported in the same income statement
the purpose of this is to avoid misstating earnings
Alias Shipping negotiate the purchase of trucks with a supplier of delivery vehicles. Alias sets it's is reservation price at 1,750,000, 000. The supplier will not sell the vehicle for less than 2,250,000 what is the ZOPA?
Answers
Answer:
There is no ZOPA.
Explanation:
ZOPA here refers to the price range that is agreeable by parties to an ongoing deal, in which both negotiating parties feel satisfied.
Note that, it is possible for there to be no ZOPA when the lowest possible price by the seller is far greater than the price offered by the buyer.
In this case Alias Shipping the buyer has a reservation price that is very much lower than that of the seller thus leading to no ZOPA.
according to the economic policy institute, what is the average pay difference between a high school graduate and a college graduate?
Answers
According to the Economic Policy Institute, the average pay difference between a high school graduate and a college graduate is about 80%.
1. The Economic Policy Institute has conducted research on the average pay difference between high school graduates and college graduates.
2. Their findings indicate that college graduates earn, on average, about 80% more than high school graduates.
3. This means that the pay gap between these two groups is significant, with college graduates generally earning higher wages in comparison to their counterparts who only have a high school diploma.
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The securities and exchange commission is responsible for ______. multiple choice question. preparing a prospectus regulating various stock exchanges ensuring companies are tax compliant listing stock transactions on the nyse
Answers
Answer:
regulating various stock exchanges
Explanation:
Cooperative Agreements to USA Nonprofits, Agencies, IHEs, and Schools in Multiple States for Environmental Education Projects for Youth
Answers
Cooperative agreements to USA and territories nonprofit companies, for-earnings, Tribes, IHEs, and agencies for projects to cope with violence in colleges.
A cooperative settlement reflects a relationship between the U.S. government and a recipient and is used whilst the government's cause is to assist the intermediary in presenting items or services to the authorized recipient.
The cooperative settlement means a signed contract between the department and some other party, for example, a fitness care issuer. This agreement allows the branch to pay the fitness care company for supplying services to IA CFY software contributors.
Contracts, the law states, are awarded whilst a Federal enterprise is acquiring something – a provider, for instance. both grants and cooperative agreements are presented when a Federal organization is supplying assistance – the latter occurring when tremendous involvement by way of the agency is expected.
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All of the following are eligible investments in a traditional IRA except
A) platinum bullion.
B) limited partnerships.
C) collectibles.
D) shares of a municipal bond fund.
Answers
Answer:
C) collectibles
Explanation:
An invoice for $752.84 dated March 25 has terms 5/10, 2/30,n/60. What is the amount required to settle the account if theinvoice is paid on April 2?$737.78$753.67$752.84$715.20
Answers
The sum expected to settle the record on the off chance that the receipt is paid on April 2 is $715.20.
What is meant by Receipt?A written or digital document that serves as evidence of a transaction between a buyer and seller is known as a receipt. The date of the transaction, the seller's name and address, the items purchased, their prices, any applicable taxes, and the total amount paid are typically included. Receipts can be used for returns and exchanges as well as accounting and tax purposes. They can be physical paper documents or electronic records issued by individuals, businesses, or organizations.
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What is the purpose of long-term disability insurance?
Answers
To provide financial support if not working.
Whenever inflation rates are overestimated for the life of a loan, creditors lose and debtors gain.
(True or False)
Answers
True. If inflation rates are overestimated for the life of a loan, creditors lose and debtors gain. This is because creditors are lending money at a certain interest rate based on an assumed inflation rate, which is the expected increase in prices over time.
When inflation rates are overestimated for the life of a loan, creditors (lenders) lose and debtors (borrowers) gain. This is because inflation erodes the purchasing power of money over time. If inflation rates are overestimated, the actual inflation experienced turns out to be lower than expected. As a result, the real value of the money borrowed decreases, benefiting the debtor.
For example, if a borrower takes out a fixed-rate loan with an interest rate that incorporates an overestimated inflation rate, they effectively repay the loan with money that has a higher purchasing power than anticipated. In other words, they are repaying the loan with "cheaper" dollars. On the other hand, the lender receives back money with less purchasing power than they anticipated when lending the funds, resulting in a loss.
Inflation expectations play a crucial role in financial transactions, particularly in long-term loans or contracts. If inflation turns out to be lower than expected, it can lead to a redistribution of wealth from creditors to debtors. However, if inflation is higher than anticipated, the opposite situation occurs, with creditors benefiting and debtors facing increased repayment burdens.
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Select an industry, identify what might make that industry high-risk, and discuss factors that you would consider when deciding whether to disclose contingencies based on the selected industry. Do not select an industry that a peer has selected.Be sure to support your statements with logic and argument, citing any sources referenced. Post your initial response early, and check back often to continue the discussion. Be sure to respond to your peers’ and instructor’s posts, as well.
Answers
The industry I have selected is the pharmaceutical industry. This industry is high-risk due to the complex and lengthy drug development process, strict regulatory requirements, and potential for litigation. When deciding whether to disclose contingencies based on this industry, several factors should be considered.
Firstly, the stage of drug development is crucial. For example, if a drug is in the early stages of development, there may be a higher risk of failure, and therefore, the disclosure of contingencies may not be necessary. On the other hand, if a drug is in the later stages of development, there may be a higher likelihood of success, and the disclosure of contingencies may be necessary to avoid potential legal issues.
Secondly, the regulatory environment should be taken into account. The pharmaceutical industry is heavily regulated, and failure to comply with regulations can result in fines and litigation. Therefore, any potential regulatory risks should be disclosed.
Lastly, potential litigation risks should also be considered. Pharmaceutical companies can face legal action from patients, healthcare providers, and regulatory bodies. Therefore, any potential legal risks should be disclosed to investors to avoid negative consequences.
In conclusion, the pharmaceutical industry is high-risk, and several factors should be considered when deciding whether to disclose contingencies. These factors include the stage of drug development, the regulatory environment, and potential litigation risks. It is important for pharmaceutical companies to disclose any potential risks to investors to avoid legal issues and maintain transparency.
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What is the term for a set of actions carried out on inputs?
thank you
Answers
Input Bindings is the term that is used for actions carried out on inputs in an automation process.
What are the 3 types of input?Input is data that is fed into a computer to be processed. Keyboards, pointing devices, and data-entry devices are the three types of input devices.
Various operations or activities, such as output, input, and internal actions, were carried out during the Automation process. These are referred to as action bindings.
The activities performed at the input terminal are referred to as input bindings. A command is sent from the control pin, while data is sent from the input pin. This input and control signal combine to produce the action that the machine or gadget requires.
Therefore, This is why the actions done at the input device are referred to as Input Binding.
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Your text outlines nine key components of the e-commerce process architecture that are the foundation of the e-commerce initiatives of many companies today. The component that deals with establishing mutual trust and secure access between the parties in an e-commerce transaction by authenticating users, authorizing access and enforcing security features is:
Answers
Answer: Profiling & personalizing
Explanation:
Profiling could be described as the information that builds trust about you to your clients. What your clients know you for and that you're accountable unto. It could be seen as your structure when seen from the external view.
Personalising deals with how well you treat the clients in your circle, how you respond to their claims and what your customer services entails; if it's satisfactory or not up to the required.
Imagine you’re preparing an exclusive buyer representation agreement with a client and need to explain the options available for agency relationship. which of these is accurate?
Answers
Imagine you’re preparing an exclusive buyer representation agreement with a client and need to explain the options available for an agency relationship. If we find a property you like that is by my broker, I may need to act as a dual agent
This is further explained below.
What is a broker?Generally, Within the banking and financial sectors, brokers are responsible for managing a variety of commercial transactions, including investments, real estate, and insurance policies. Brokers facilitate communication between various parties, establish and develop connections, manage sales, and carry out other administrative and operational responsibilities.
In conclusion, Imagine that you are working with a client to prepare an exclusive buyer representation agreement and that you need to discuss the many alternatives that are available for agency relationships. In the event that we locate a home that you like and it is listed by my broker, it is possible that I will need to operate as a dual agent.
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Jennifer has worked for many years reviewing and approving print ads for her firm. She has memorized a checklist of key points to review. Which of the following would NOT be on her checklist?
Select one:
a. brand elements
b. photo credits
c. subheads
d. body copy
e. headline
Answers
Jennifer has worked for many years reviewing and approving print advertising for her firm. She has memorized a checklist of key points to review. photo credits is not be on her checklist.
What is the purpose of an advertising campaign when targeting consumers?Information, persuasion, and remembrance are advertising's three main goals. Brands, goods, services, and concepts are brought to the public's attention through informative advertising. It can inform consumers about the features and advantages of brand-new or established products, as well as announce new programs and products.
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What is one service a credit counselor might provide?
A. The counselor might sue the lender on the borrower's behalf.
B. The counselor might file for bankruptcy for the borrower.
C. The counselor might speak to creditors on the borrower's behalf.
D. The counselor might lend the borrower money.
Answers
Answer: C. The counselor might speak to the creditors on the borrower's behalf.
One of the services a credit counselor could offer The counselor could represent the borrower in communications with creditors. As a result, choice (C) is accurate.
What do you meant by a Counsellor ?Counsellors of State are senior members of the British royal family to whom the monarch may delegate and revoke royal functions through letters patent issued under the Great Seal in order to avoid delay or difficulty in the handling of public business in the event of their illness (except in the case of total incapacity) or of their intended or actual absence from the United Kingdom.
Counselors of state may perform "those of the royal functions as may be prescribed in the Letters Patent," according to In actuality, this entails the majority of the monarch's formal responsibilities, such as participating in Privy Council meetings, executing standard paperwork, and approving incoming ambassadors' credentials at the Court of St. James's. Counsellors of state are prohibited from bestowing peerages, grades, or titles by law.
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A(n) __________ is a quantitative function that an optimization model seeks to optimize (i.e., maximize or minimize).
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An objective function is a quantitative function which an optimization model seeks to optimize (i.e., maximize or minimize).
An objective function is prominently used in order to represent and solve the optimization problems of the linear programming. The objective function tends to be of a form Z = ax + by, where x, y are the decision variables.
An objective function attempts in order to maximize profits or minimize losses based on a set of constraints and also the relationship between one or more decision variables. Thus, an objective function is a quantitative function which an optimization model seeks in order to optimize.
Hence, the objective function is a means to maximize or minimize something.
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on march 1, scents, inc. lent $1,000 to an employee at a rate of 6% for 3 months. scents' entry to record the loan of $1,000 to its employee includes a . (check all that apply.)
Answers
An entry for Scents, Inc. that records a $1,000 loan to an employee contains:
$1,000 cash by direct debitDeposit $1,000 into your loan liability accountDebit and credit transactions are recorded and loans are recorded on the balance sheet.The entry to record the loan of $1,000 to Scents, Inc.'s employee would actually be:
Debit to the Loan Receivable account for $1,000Credit to the Cash account for $1,000This entry reflects that Scents, Inc. is loaning money to its employee and therefore has an asset in the form of a loan receivable. The cash account is credited because cash is leaving the company's account to be loaned to the employee.
The entry would be recorded on the balance sheet because the loan receivable represents an asset that Scents, Inc. expects to receive payment for in the future. The loan payable account would only be used if Scents, Inc. was the one borrowing money from an outside party.
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the success-failure condition needs to be met in order to use a normal approximation of the sampling distribution of a difference between proportions.
Answers
The success-failure condition is a crucial requirement for using a normal approximation in calculating the sampling distribution of a difference between proportions. This condition helps to ensure that the sample size is large enough to provide an accurate approximation.
The success-failure condition requires that the sample size be large enough to ensure that both groups being compared have enough successes and failures. Specifically, the condition is met when both groups have at least 10 successes and 10 failures.
If the success-failure condition is not met, the normal approximation may not be accurate, and alternative methods such as an exact test or simulation may be necessary. Therefore, it is important to check the success-failure condition before using a normal approximation.
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Kelly-Lambing, Inc., a builder of government contracted small ships, has a steady work force of 10 very skilled craftspeople. These workers can supply 2,500 labor-hours each per year. Kelly-Lambing is about to undertake a new contract, building a new style of boat. The first boat is expected to take 6,100 hours to complete. The firm thinks that 75% is the expected learning rate. What is the firm's "capacity" to make these boats-that is, how many units can the firm make in 1 year? If operations manager can increase the learning rate to 70% instead of 75%, how many units can the firm make? (Round all numerical responses in this exercise to the nearest whole number.) Total time available = hours.
Answers
The firm's capacity to make these boats is 6 units per year, and with a learning rate of 70%, the firm can make 6 units per year.
Let us first calculate the time required to make one boat.
The expected learning rate is 75%.
The first boat is expected to take 6,100 hours to complete.
After 75% of learning, the time required to make one boat is:
Time = 6100 * 0.75
Time = 4575 hours
Now, let us calculate the maximum units that can be made in one year:
Total time available = 2500 hours/ worker * 10 workers * 1 year
Total time available = 25000 hours / year
Maximum units = Total time available / Time required to make one boat
Maximum units = 25000 / 4575
Maximum units ≈ 5.5 ≈ 6 boats (rounded to nearest whole number)
Now, let us assume the learning rate is 70% instead of 75%.
The time required to make one boat will be:
Time = 6100 * 0.70
Time = 4270 hours
The maximum number of units that can be made in one year with a learning rate of 70% is:
Maximum units = Total time available / Time required to make one boat
Maximum units = 25000 / 4270
Maximum units ≈ 5.8
≈ 6 boats (rounded to the nearest whole number)
Therefore, the firm's capacity to make these boats is 6 units per year, and with a learning rate of 70%, the firm can make 6 units per year.
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Which statements apply to a certificate of deposit (CD)? Check all that apply. It is always purchased as a short-term investment. It can be purchased from a banking institution. It is always purchased as a long-term investment. It can be purchased for almost any amount. It is purchased through an individual's employer.
Answers
The statements that apply to a certificate of deposit include;
It can be purchased from a banking institution. It can be purchased for almost any amount.A certificate of deposit is a low-risk investment where the depositor fixes a sum of money in an account for a period of time after which he can collect the investment along with interest accrued. Banks and credit unions are the main financial institutions known for issuing certificates of deposits. It is quite similar to opening a bank account.
The flexibility obtainable from this investment plan allows depositors to fix amounts that are commensurate to their budgets. However, some financial institutions have minimum amounts that are required for certificates of deposit. Different institutions have varying interest rates, therefore, it is necessary to make proper research before opting for an institution.
Summarily, the statements that apply to a certificate of deposit are;
It can be purchased from a banking institution. It can be purchased for almost any amount.Learn more about certificates of deposits here:
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Answer:
-It can be purchased from a banking institution.
- It can be purchased for almost any amount.
Explanation: just took the test
Which methodology aims for customer satisfaction through early and continuous delivery of useful software components developed by an iterative process with a design point that uses the bare minimum requirements?.
Answers
A methodology aims for customer satisfaction through early and continuous delivery of useful software components is an agile methodology.
What is the agile methodology?Agile methodology is the way in which the work and responsibilities are divided into several phases.
It contains stakeholders, and it improves in every stage, and the work move as a cycle, with planning and execution.
Thus, A methodology aims for customer satisfaction through early and continuous delivery of useful software components is an agile methodology.
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"What a given group of people appreciates" are their ___________. A. Cultural contexts b. Culture shock c. Cultural education d. Cultural values Please select the best answer from the choices provided A B C D
Answers
Answer:
d. Cultural values
Explanation:
Cultural values are the values and norms that are followed by a distinct society or a group of people. In other terms, values and norms developed within the society to form its basis are said to be the cultural values. The people believe, follow, and appreciate the values. They help in defining the ways of living and leading the life. The behavior, nature, and thinking of the society is influenced or structured as per the cultural values.
Answer:
D
Explanation:
I just took the assignment
If you minimize your risk by implementing controls that reduce, but do not eliminate, the impact of the threat, you have implemented a risk _________ strategy.
Answers
We have implemented a risk Retention strategy.
What do you mean by Risk Strategies?
Risk Strategies is a the choice that a company makes for dealing with a specific risk. It provides you a decision-making framework. This means the business authorities will feel more ease in making any future decisions when they have a proper risk management strategy. The risk management strategy forces an organization to make objectives and goals. It offers you a framework for making decisions. This means that when they have a suitable risk management strategy, the business authorities will feel more at ease when they are making any future decisions. A risk management strategy compels a company to set goals and objectives.
There are four main risk management strategies, or risk treatment options:
Risk acceptance.
Risk transference.
Risk avoidance.
Risk reduction.
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fill in the blank. _____ is an approach used by employers large enough to assume financial responsibility for the health care costs of workers self-insurance
Answers
Self-insurance is an approach used by employers large enough to assume financial responsibility for the health care costs of workers.
What is the significance of self-insurance?
Under self-insurance, employers set aside funds to cover the healthcare costs of their employees, rather than paying premiums to an insurance company to provide coverage. This approach is typically used by larger companies, as they have the financial resources to absorb the risk of healthcare costs and the administrative infrastructure to manage the program.
Self-insurance allows employers to have more control over their healthcare costs and to tailor their benefits packages to the specific needs of their employees. It also allows them to avoid the premiums and administrative fees associated with traditional insurance plans, which can be significant.
However, self-insurance also comes with some risks. If healthcare costs exceed the amount set aside by the employer, they will have to pay the additional costs out of pocket. To mitigate this risk, many self-insured employers purchase stop-loss insurance, which limits their liability for high-cost claims.
Overall, self-insurance can be a cost-effective approach to providing healthcare coverage for employees, but it requires careful planning and risk management to be successful.
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