$500‚000 x 14% = $70‚000 Explicit Costs: What is paid for products/services = $80‚000 Total Economic Costs: Implicit Costs + Explicit Costs = $70‚000 + $80‚000 = $150‚000 b) Economic Profit: Total Revenues – Total Economic Cost = $175‚000 - $150‚000 = $25‚000 c) Accounting Profit: Total Revenues – Explicit Costs = $175‚000 - $80‚000 = $95‚000 d) New Implicit Costs = $500‚000 x 20% = $100‚000 Economic Profit: $175‚000 – ($100‚000 + $80‚000) = $ (5‚000) Chapter Two Technical Problem 1 Qd
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Enzymes are a major role in the process of accelerating chemical reactions. Environmental factors affect the enzymes‚ These environmental factors include ph levels and body temperature. While both of these environmental factors affect the enzyme‚ body temperature affects the enzymes the most and can result in death. Enzymes are affected by high body temperature. Enzymes are highly specific and they work at certain temperature levels depending if it’s hot or cold. However‚ when the
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[pic] BАBS Legal environment of business Home Assignment Seminar leader: Margit Racz Student name: Nurlаn S. Kurmаlаyеv Contents 1. Introduction………………………………..……………..…….…………3 2. The constitutional order of Hungary……..……………..…………..…….3 1. Legislation…………………………..…………..………………… 3 2. Execution tasks……….......................................................................3 3. Judicial power…………………….……………..….……………...4 3. The constitutional order
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Global Economic Condition Great Recession of 2008-09 has slowed the growth of world output‚ especially in the developed countries like EU‚ USA‚ Japan and Canada etc. In the developed countries unemployment remains high at the rate of nearly average 9 per cent again income of the employed people remain stagnant1. Although the great Recession is on the way of recovering‚ more and more worker remain out of the job for a long time‚ especially young workers‚ medium-term growth prospects also suffer
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Asia’s large economic disparities are a source of major continuing tension in the region. While global economic powers China‚ Japan‚ India‚ and South Korea continue powering through‚ and Indonesia‚ Malaysia‚ Philippines‚ Thailand‚ Vietnam and Sri Lanka have entered the path to long-term growth‚ regions right next to these countries are in severe need of assistance. Given the large‚ cheap and amply available labor in the region‚ particularly in China and India‚ where large workforces provide an economical
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The question being asked is whether or not there is an age where children become susceptible to sociocultural stereotypes. The background research looked at literature that discusses the process of social identification and acquisition of stereotypes. It suggests potential stages at which self-relevant stereotypes might affect children. The methods were developed by using eighty one Asian-American girls and seventy Asian-American boys from the Boston area. They were recruited by local Chinese‚ Korean
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1. Discuss the key elements that Hambrick and Fredrickson argue should be included in a comprehensive business strategy design. If a business must have a strategy‚ then the strategy must necessarily have parts. What are those parts? A strategy has five elements‚ providing answers to five questions: * Arenas: where will we be active? * Vehicles: how will we get there? * Differentiators: how will we win in the market- place? * Staging: what will be our speed and sequence
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Legal Forms of Business LAW/531 Business Law March 4‚ 2013 Dr. Linda Fried Legal Forms of Business Businesses exist and managed in many of the same ways. However‚ there are many formats that businesses are operated in. From sole proprietorship to different partnerships to corporations‚ each form has many similarities‚ but they are very different types of businesses. Each business entity will vary on three primary factors: liability‚ taxation and record-keeping (Entrepreneur‚ n
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Chapter 6 Discussion Questions |6-1. |Explain how rapidly expanding sales can drain the cash resources of a firm. | | | | | |Rapidly expanding sales will require a buildup in assets to support the growth. In particular‚ more and more of the | | |increase in
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working population‚ organisations to support businesses and membership of international trading communities. Political factors can affect a business in the following ways: Political stability affects a business because taxation‚ legal framework‚ policies and laws are all under threat of drastic changes. Government support can affect a business by whether or not they fund the business and introduce subsidies. For example if they subside farmers. Fiscal policies are the policies that determine taxes
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