assume nadia voluntarily leaves a job with a salary of $100$100 per day to open and run a restaurant instead. after deducting all explicit costs from the restaurant revenues, nadia has a gain of $120$120. assuming there are no additional implicit costs, which of the following statements is true?

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06-12-2022
Business

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assume nadia voluntarily leaves a job with a salary of $100$100 per day to open and run a restaurant instead. after deducting all explicit costs from the restaurant revenues, nadia has a gain of $120$120. assuming there are no additional implicit costs, which of the following statements is true?

Sagot :

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kumarkrishna kumarkrishna · Answer 1 · 2022-12-13T04:37:19-05:00

Total revenue minus explicit costs equals accounting profits. Deducting any opportunity costs from accounting profits yields economic profits.

The cost of a college education has increased significantly on average. the outlay or expenditure (as of effort or sacrifice) made to achieve a purpose. Raw materials, labor expenditures, and other production-related expenses are all considered direct costs. A product, division, or project can simply be linked to the cost. As an illustration, Ford Motor Company (F) produces vehicles and trucks. A automobile is built by a factory employee in eight hours. Revenue is the entire amount of money made through the sale of products or services related to a business's core operations. Because it appears at the top of the income statement, revenue, also known as gross sales, is frequently called the "top line."

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assume nadia voluntarily leaves a job with a salary of $100$100 per day to open and run a restaurant instead. after deducting all explicit costs from the restaurant revenues, nadia has a gain of $120$120. assuming there are no additional implicit costs, which of the following statements is true?

Sagot :

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