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Dafna11 [192]
2 years ago
10

A firm determines its profit by subtracting______ from _____ .

Business
2 answers:
serious [3.7K]2 years ago
8 0
<span>A firm determines its profit by subtracting total cost from revenue</span>
umka2103 [35]2 years ago
6 0
Total cost from revenue is the answer
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Identify whether each statement describes the market period, the short run, or the long run.A.Output and the number of firms are
AfilCa [17]

Answer: A. Market Period.

B. Long Run

C. Short Run

Explanation:

A.Output and the number of firms are fixed

The MARKET PERIOD is a very short period that refers to a situation where all resources are FIXED. This means that Output itself is fixed and therefore cannot adjust to demand.

B.Plant capacity is flexible. Firms can enter and exit an industry.

This is the LONG RUN. A time where all resources are Variable. This means that factors such as Plant Capacity which is FIXED in the Short Run will simply be Variable and hence flexible in the long run. Other Firms are also free to enter or leave the Industry during this time.

C.Plant capacity and the number of firms are fixed. Firms can employ more labor if needed

This refers to the SHORT RUN which is a situation where AT LEAST one resource is FIXED and others are VARIABLE. As long as there is a Fixed Resource with some Variable Resources, it is the Short Run. Plant Capacity and Number of Firms are fixed but Labor is Variable. This makes this scenario a Short Run Scenario.

4 0
2 years ago
In the period 2011, Lott Inc. performed services for $120,000 and billed its customers. The company subsequently collected $82,0
boyakko [2]

Answer:

The amount of cash flow from revenue that will appear on the statement of cash flows is $120,000.

Explanation:

the amount pf cash flow from revenue that will appear on the statement of cash flows is $120,000 because irrespective of whether it is collected or not he must consider the full value of accounts receivable and the collection amount out of the account receivable will be adjusted in the cash flow from operating activities.

Therefore, The amount of cash flow from revenue that will appear on the statement of cash flows is $120,000.

3 0
2 years ago
In which countries do people prefer discussing business during meals?​
Masteriza [31]

Answer:

china

Explanation:

if your traveling to china on business do not discuss business during meals .

6 0
2 years ago
Read 2 more answers
Susan quit her job as a teacher, which paid her $36,000 per year, in order to start her own catering business. she spent $12,000
meriva
The answer is D.
Continue to operate her business, and she is also in long run equilibrium.
4 0
2 years ago
Randy, the production manager at a computer hardware manufacturing company, is never satisfied with the productivity of his work
Rus_ich [418]

The given scenario clearly illustrates Negative leniency .

Option C

<u>Explanation: </u>

The performance appraisal is a routine analysis of the results of an individual and of a company's total commitment. A performance appraisal, also defined as an «yearly review», "performance review," or "individual appraisal," assesses the ability, success and progress of an employee or its lack of it.

The manager who is neither tough nor easy with rating employees is committed to negative and positive leniency misconceptions. In the performance evaluation process, the employee's unjustified expectations for increases, promotions or tough jobs can be increased by positive leniency.

The worker may be sick of hitting the head against a wall with excessive slowness or toughness/strictness because the manager can not be pleased despite how hard the person tries.

3 0
1 year ago
Read 2 more answers
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