Question: 3. Please explain whether the following statements are true or false. a. If the owner of a business pays himself no salary, then the accounting

3. Please explain whether the following statements are true or false.

3. Please explain whether the following statements are true or false. a. If the owner of a business pays himself no salary, then the accounting cost is zero, but the economic cost is positive. 1:. A rm that has positive accounting prot does not necessarily have positive economic profit. c. If a rm hires a currently unemployed worker, the opportunity cost of utilizing the worker's services is zero

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

Please explain whether the following statements are true or false. a) If the owner of a business pays himself no salary, then the accounting cost is zero, but the economic cost is positive. b) A firm...

The owner of a small retail store does her own accounting work. How would you measure the opportunity cost of her work? Please explain whether the following statements are true or false. If the owner...

=+3. Please explain whether the following statements are true or false. a. If the owner of a business pays himself no salary, then the accounting cost is zero, but the economic cost is positive.

3. India is a large grower of tea. Assume that because of urban development, land for growing tea decreases, and the government gives large subsidies to tea growers which reduces the cost of growing...

Choose the correct option for each of the following. Write only the question number and your chosen answer. For instance, If you think that the correct answer for number 1 is (a), then write it as 1....

SOLVE ALL, You have recently been hired as a consultant for Cranberry Distributors. Cranberry Distributors grows and ships cranberries to several international clients with invoices denominated in...

1.3. Please explain whether the following statements are true or false. a. If the owner of a business pays himself no salary, then the accounting cost is zero, but the economic cost is positive. b. A...

acc On January 1st. 2017, X Company bought 80% of the outstanding common shares of the Y Company for $140,000 cash. On that date Y Company had $50,000 of common shares outstanding and $60,000...

Finish this question. (Corporate Finance) I. Short answer: 1. What are the perfectmarket assumptions? 2. Explain whether the following statements are true or false. In each case, provide...

Considering the calculations you have done so far, you need to attend to a number of import and export transactions for goods that companies in the United States expressed interest in. The first...

the value of the integral in ( integral dz/z. tanh 2z/ sin. pai. z, where c is a circle of the radius pai/2, traversed counter-clockwise with the center at z=0 is

The SD should be 14.39%, can you explain how it was achieved? Include the formula and calculation. You want to form a portfolio with two stocks A and B. These stocks have expected returns of EA = 10%...

Expand the following acronyms: Group of answer choices a . DPMO [ Choose ] Total Quality Management Defects Per Million Opportunities Economic Conformance Model Statistical Process Control Upper...

1. Let's assume you want to research prisoner abuse. You need a way to measure prisoner abuse so that when you gather data you can record the level of abuse. You could just have a dichotomous...

A Company leased equipment to B Company on July 1, 2022. A Company recorded the lease as a sales-type lease at $730,000, the present value of lease payments discounted at 8%. The lease called for 12...

Homer Simpson is considering three investment options. Option 1 involves investing in a zero coupon bond for two years. Option 2 involves investing in a five-year zero coupon bond and then selling...

2. You are trying to develop a strategy for investing in two different stocks. The anticipated annual return (per $1000) investment in each stock under four different economic conditions has the...

What is the most important challenge that a multinational corporation faces? What strategies might the corporation employ to manage that challenge?

3 . ( 1 0 ) Given the following function header: function doit ( a , b ) Which of the following function calls would be valid and why? A . fprintf ( ' The result is % . 1 f ' , doit ( 4 , 1 1 ) ) B ....

3. To understand a method for achieving personal communication mastery.

3. What is my goal?

2. I try to be as logical as possible