Difference between a firm's accounting and economic profit in your own words at least 250 words....

Difference between a firm's accounting and economic profit in your own words at least 250 words. and Looking at a marginal and average total cost in your own words at least 250 words.

Expert Solution

Rahul Sunny answered 8 months ago

Explain the difference between accounting and economic profit. What does zero economic profit mean

Explain the difference between accounting and economic profit. Would zero economic profit be an acceptable situation...

Explain the difference between accounting and economic profit. Would zero economic profit be an acceptable situation for a firm, or would they be unwilling to stay in business? Explain your answer.

In at least 250 words, explain the differences and similarities between the accounting for the buyer...

In at least 250 words, explain the differences and similarities between the accounting for the buyer and seller using a perpetual inventory system versus using a periodic inventory system. Be specific! 1.What are the three (3) inventory cost-flow assumptions? 2. Which inventory cost-flow assumption usually yields the highest net income? Why? 3. Which inventory cost-flow assumption usually yields the highest ending inventory? Why? 4. Which inventory cost-flow assumption usually yields the lowest tax bill? Why? 5. During a recession, which...

In at least 500 of your own words, explain the difference between qualified and nonqualified plans....

In at least 500 of your own words, explain the difference between qualified and nonqualified plans. Next, what are defined benefit and contribution plans? Finally, what are three broad classes of health insurance programs? Why are all these important to an employee?

1. Write at least two sentences in your own words to explain the difference between the...

1. Write at least two sentences in your own words to explain the difference between the confined aquifer and unconfined aquifer. 2. Answer True or False and justify your answer: a. The porosity of a clayey soil is about 40% while the porosity of a medium sand soil is also 40%. Therefore, both of these soil types will have the same specific yield. b. Confined aquifers have a larger specific yield than the one from the unconfined aquifer.

QUESTION Demonstrate your knowledge of the difference between Economic and Business (Accounting) profit by showing relevant...

QUESTION Demonstrate your knowledge of the difference between Economic and Business (Accounting) profit by showing relevant examples. You may use your own examples or cite examples from other sources. What are the advantages of computing economic profit? Select your own firm or any firm that you are familiar with. Discuss the factors which have an influence on shareholders’ wealth. Identify managerial actions taken by the firm which are design to influence shareholder wealth.

What is the difference between "accounting profit" and "economic profit?" Which one is more important for...

What is the difference between "accounting profit" and "economic profit?" Which one is more important for determining whether to operate or close down a business that you own?

The difference between economic and accounting profit is: the implicit costs of the resources provided by...

The difference between economic and accounting profit is: the implicit costs of the resources provided by the owners they are the same economic profit does not account for opportunity costs accounting profit is more accurate The role of profits in a market economy is to: enrich the capilitist enrich the laborers allocate resources redistribute the wealth If the economic profits of a firm are above normal they are also: the return allowed by the Fed. lesser than the maximum allowed...

What is the difference between economic and accounting profit? Why is a distinction between them important?

a. What is the difference between accounting and economic profit? A firm had sales revenue of...

a. What is the difference between accounting and economic profit? A firm had sales revenue of $1 million last year. It spent $600,000 on labor, $150,000 on capital and $200,000 on materials. If the firm’s factory sits on land owned by the firm that it could rent for $50,000 per year. b. What was the firm’s accounting profit? Explain. c. What was the firm’s economic profit last year? Explain.

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