Multiple Choice
Which of the following is the formula used for computing an accounting profit?
A) accounting profits = total revenue - implicit costs
B) accounting profits = total revenue - (implicit + explicit costs)
C) accounting profits = total costs - total revenue
D) accounting profits = total revenue - explicit costs
Correct Answer:
Verified
Correct Answer:
Verified
Q403: A business owned by two or more
Q404: Dividends are<br>A) the portion of a corporation's
Q405: In which of the following ways can
Q406: Suppose the best investment you could make
Q407: A payment for a resource above the
Q409: Corporations are responsible for approximately what percentage
Q410: A proprietorship is a business<br>A) with annual
Q411: The opportunity cost of capital is<br>A) an
Q412: Which of the following is NOT a
Q413: For which type of organization is unlimited