kaykaymartin9091 kaykaymartin9091
  • 02-01-2020
  • Business
contestada

If your business earns​ $20,000 in​ revenues, has explicit costs of​ $7,000, and implicit costs of​ $5,000, your accounting profit is

Respuesta :

erinna erinna
  • 03-01-2020

Answer:

Accounting profit is $13,000.

Explanation:

Given information:

Total Revenues = $20,000

Explicit costs =​ $7,000

Implicit costs =​ $5,000

The formula for accounting profit is

Accounting profit = Total revenues - Explicit costs

Substitute the given values in the above formula.

Accounting profit =  $20,000 - $7,000

                             =  $13,000

Therefore, the accounting profit is $13,000.

Answer Link

Otras preguntas

In this sentence, what dose the word "irascible" mean??
Find the surface area of the sphere if its radius is 13 inches. Round your answer to nearest hundredth (two decimal places). Use 3.14 to approximate pi.
No spammers pls giving brainliest
Edulastic Full explanation please Will Give Brainl3$t
Which expression is equivalent to 6x - 24? A. 6(x-24) B. 6(x-18) C. 6(x-4) D. 24(x-6)
Imagine that you are a professional white hat hacker, testing a company’s system to make sure they are ready for attacks. What method of attack (or combination
I need help with these questions ​
Hello can u guys help me please
Wich of these words best describes the word VEIWPOINT?evidencepersuadejointposition ​
Objects 1 and 2 attract each other with a electrostatic force of 72.0 units. If the charge of Object is one-third the original value AND the charge of object 2