accounting profits and economic profits for Gomez’s pottery. Explicit costs: $37‚000 (= $12‚000 for the helper + $5‚000 of rent + $20‚000 of materials). Implicit costs: $22‚000 (= $4‚000 of forgone interest + $15‚000 of forgone salary + $3‚000 of entreprenuership). Accounting profit = $35‚000 (= $72‚000 of revenue - $37‚000 of explicit costs); Economic profit = $13‚000 (= $72‚000 - $37‚000 of explicit costs - $22‚000 of implicit costs). 8-4 (Key Question) Complete the following table by calculating
Premium Economics of production Variable cost Costs
Describing Line: The Study of Canaletto’s Use of Line The purpose of this journal entry is to discuss the way Canaletto uses line in his work The Maundy Thursday Festival before the Ducal Palace in Venice. Also‚ it will compare the accuracy his work to that of a modern photograph of the same location. How do they differ? Line is used in nearly every aspect of art‚ whether it is an actual mark on the page or simply implied. Canaletto uses line to show the audience the boundaries in his art. He
Premium Dimension Horizon Building
the most influential thinkers in world history formed contrasting ideas on the concept of the soul. On one hand‚ Plato’s idea of the soul was created based on his theory of forms‚ as illustrated through a conceptual apparatus called “The Divided Line”. In this diagram‚ concepts of the absolute‚ such as the essence of absolute good‚ come from forms and ideas‚ which are eventually processed into the physical world as images in our minds. These images can then once again be manipulated into forms by using
Premium Plato Soul Mind
Alphabet of Lines in Technical Drawing Lines in technical drawings are part of a specialized graphic language that is standardized throughout industry. Each type of line has a very precise symbolic meaning. Correct usage of this "alphabet of lines" is essential whether you use traditional drafting methods or CAD. Line weight is the thickness of the line. Construction lines and guide lines are very light‚ easily erased lines used to block in the main layout. Visible lines are the edges
Premium Orthographic projection Technical drawing
Transmission line classifications 1) Balanced Transmission line - two wire balanced line. - both conductors carry current. But only one conductor carries signals. [pic] 2) Unbalanced Transmission line - One wire is at ground potential and the other wire is at signal potential - advantage – only one wire for each signal - disadvantage – reduced immunity to noises [pic] Baluns Balanced transmission lines connected to unbalanced transmission lines e.g.: coaxial
Premium Optical fiber
On Time Package Delivery The report should discuss in detail the solutions to the several issues that are being faced by OTPD. Based on the conversations Wayne had with Dan Gunther (District manager-Boston)‚ Carol Klein (Key account manager-Phil)‚ Mike Wagner (Sales representative -DC) and Carmella Stringer (Director of Admin services- Strawn‚ Night and Squires)‚ one of the few major issues seems to be the lack of follow up training on the new service –(Express delivery). It looks like the sales
Premium Sales
What is Cost & Management Accounting Reporting Systems? Cost Accounting Reporting System deals with the process of tracking‚ measuring‚ recording and classifying the appropriate allocation of expenditure (financial and non-financial) for the determination of the cost of product or service in an organization and for the presentation of suitably arranged data for the purpose of control and guidance of management (Horngren et al‚ 2010). Costs are measured in terms of Direct Costs‚ Indirect Costs and
Premium Cost accounting Management accounting Costs
SATURATION LINE OF WATER/STEAM INTRODUCTION When water is heated to steam‚ they are in thermal contact‚ are said to be saturated. The water is called saturated because it cannot absorb more energy without changing into steam‚ and the steam is called saturated vapor because it cannot absorb any more energy unless temperature increase and it becomes superheated. AIM: The aim of this laboratory is to find a mathematical model for the saturation curve for water/steam. APPARATUS The apparatus
Premium Gas Vapor pressure Boiling point
Care Delivery System Kimberly Snook A health system‚ also sometimes referred to as health care system or healthcare system is the organization of people‚ institutions‚ and resources to deliver health care services to meet the health needs of target populations (wikipedia.org‚ 2013). The delivery system is made up of insurance companies‚ patients‚ physicians‚ hospitals‚ and other health providers. The main goal of the healthcare delivery system is to provide quality care but still lower costs. The
Premium Health care Medicine Health care provider
an author can focus on a geographical region. Lara Putman’s Radical Moves concentrates on the Caribbean islands and the United States‚ to be more specific‚ the migrant workers in this area. She stresses that the circulation of people in these regions at the same time contributed to the nativism and state-building along their path‚ as well as the rise of the black internationalism. The migrants in the cities and states in this area aligned themselves together via both their unique music and the
Premium Culture Sociology United States