competitor. He estimates his entrepreneurial talents are worth $3‚000 per year. Total annual revenue from pottery sales is $72‚000. Calculate 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
Premium Economics of production Variable cost Costs
Pearl Bentley PSY/250 Week 1 /what influences your personality? These are some factors that influence my personality‚ hereditary‚ value‚ environmental‚ self development‚ and life situations. One personality can be influenced by genes and certain your environment plays a big role of personality‚ your family‚ friends and co workers can all exert influence on the way your personality are development. The place where you were raised‚ your culture‚ and values can significant influences
Free Psychology Personality psychology
one important thing. Is it the way I use my slang? How about the way I spell my name. You claim it as your own‚ but some of us have never known. You’re not the only one trust me. It’s just that some of us have never known our own cultural identity. Cultural identity is not just who you are but how you act‚ what you do‚ or even your family and friends can transmit into your cultural identity. Your cultural identity doesn’t have to just be one thing it can be a mix. My cultural identity reflects my
Premium Family Mother Psychology
Treasury stock is when a corporation ’s issued stock has been bought back from the stockholders. Since a corporation cannot be its own shareholder‚ when the corporation purchases shares‚ those shares are NOT considered assets of the corporation. If we assume the corporation plans to re-issue the share‚ then those shares are held in the treasury and reported as a deduction in stockholders ’ equity. This is reflected in the balance sheet. Those with shares of treasury stock not only give up the
Premium Stock market Generally Accepted Accounting Principles Asset
Your mission statement is not for your marketing purposes. The primary goal is for you and your business to continue with purposeful building one by one blocks until the success. Important part of each business success is the foundation of that business. One of the fundamental elements that built foundation of the businesses is mission statement. In one of the previous posts (What is your mission statement?)‚ I write about the mission statement and mention of the problems when the mission statement
Free Mission statement Statements
The Stock Markets The main function of the stock market is to enable trade in the shares of public companies‚ which in turn reflect the performance of th3 companies whose shares are traded in the stock market. Stock markets are also a vital part of an economy or the economic system of a country or nation. Research has shown that most economies around the world‚ today‚ are judged by the performance of their stock markets. To trade in the stock market‚ a company has to be transparent about its fundamentals
Premium Stock market Market capitalization Stock
[pic] Functions of Stock Exchange - Main Functions In The Market Post : Gaurav Akrani Date : 11/01/2010 12:00:00 PM IST Comments (2) Labels : Economics 1 [pic] 1. Continuous and ready market for securities Stock exchange provides a ready and continuous market for purchase and sale of securities. It provides ready outlet for buying and selling of securities. Stock exchange also acts as an outlet/counter for the sale of listed securities. [pic] 2 [pic] 2. Facilitates
Premium Investment Security Stock market
Stock exchange A stock exchange is a form of exchange which provides services for stock brokers and traders to trade stocks‚ bonds‚ and other securities. Stock exchanges also provide facilities for issue and redemption of securities and other financial instruments‚ and capital events including the payment of income and dividends. Securities traded on a stock exchange include shares issued by companies‚ unit trusts‚ derivatives‚ pooled investment products and bonds. To be able to trade a security
Premium Stock exchange Stock market Stock
The Best Stock Valuation Method When trying to figure out which valuation method to use to value a stock for the first time‚ most investors will quickly discover the overwhelming number of valuation techniques available to them today. There are the simple to use ones‚ such as the comparable method‚ and there are the more involved methods‚ such as the discounted cash flow model. Which one should you use? Unfortunately‚ there is no one method that is best suited for every situation. Each stock is different
Premium Discounted cash flow Free cash flow Cash flow
1 What do I do? I am the one accountable for Man and Van Location A and my work timings are 8 A.M in the morning to 8 P.M at night. I will set off instantly after getting your call‚ as a result‚ I can typically get to you in 19 minutes. However‚ the time taken also depends on the traffic conditions as well as your location in Location A. 2 What are my charges? My fees is extremely reasonable‚ I charge £20/hour‚ with the minimum booking of 2 hours. However‚ please take notice that I accept only
Premium Truck Customer service Customer