Why do accountants and economists calculate a firms cost and profit in different ways?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 66% (18 reviews)
Accountants and economists have different reasons for computing a firms ...View the full answer
Answered By
PALASH JHANWAR
I am a Chartered Accountant with AIR 45 in CA - IPCC. I am a Merit Holder ( B.Com ). The following is my educational details.
PLEASE ACCESS MY RESUME FROM THE FOLLOWING LINK: https://drive.google.com/file/d/1hYR1uch-ff6MRC_cDB07K6VqY9kQ3SFL/view?usp=sharing
3.80+
3+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
Why do economists make assumptions?
-
Economists and accountants agree that the concept of income is vitally important. However, the two disciplines disagree on what income is and how it should be measured. Team Debate: Team 1: Present...
-
A large, national accounting firm decides it is time to outsource the preparation of income tax returns to an organization in India that has performed outsource services for other U.S. CPA firms. The...
-
Imagine that a researcher develops a new cancer drug that shrinks tumors, which she measures using an MRI. The researcher needs to determine if the new drug performs differently from, or the same as,...
-
Refer to the Alaskan Lichen Radionuclide Baseline Research study, presented in Exercise. In a sample of n = 9 lichen specimens, the researchers found the mean and standard deviation of the amount of...
-
A vertical spring (spring constant = 112 N/m) is mounted on the floor. A 0.400-kg block is placed on top of the spring and pushed down to start it oscillating in simple harmonic motion. The block is...
-
With reference to the preceding exercise, for which temperature is the probability 0.05 that it will be exceeded during one day? Data From Preceding Exercise Determining a joint cumulative...
-
Box and Liu (1999) describe an experiment flying paper helicopters where the objective is to maximize flight time. They used the central composite design shown in Table 14E.9. Each run involved a...
-
The specific heat capacity of a metal is 339.31 joules per kilogramC. How much heat energy (in joules) is needed to raise the temperature of a 35.60 kilogram piece of this metal from 1.26 C to 54.26...
-
When the recession hit 2008, what advice would you have given Carl and Fran to increase the chances of survival for Iaccarino & Son?
-
What are the four market types? Explain the distinguishing characteristics of each.
-
What are the items that make opportunity cost differ from the accountants measure of cost?
-
1. What benefits does iContact realize by dedicating a portion of their sales and business resources to charitable causes? 2. Select a local small business and work with a team of your classmates to...
-
Suppose that, at the start of the day, a jar contains a random number of bears that has a Poisson distribution with mean 18. During the day, each such bear is randomly painted red, blue, or yellow,...
-
Pina Colada Limited began operations on January 2, 2022. Pina Colada employs 9 individuals who work eight-hour days and are paid hourly. Each employee earns 10 paid vacation days and 6 paid sick days...
-
Prepare journal entries to record the following transactions. Saved a. Purchased $390 of supplies on credit. b. Completed $590 of work for a client on credit. c. Paid $390 cash towards the amount...
-
All products (dresses) are produced by our manufacturer 'G Mega' which is in Taipei city, Taiwan Once products are done, our carrier (Fedex Small Business) is able to pick up shipments through sea...
-
Given the following declaration of the "textBox1" object. Which can place the "textBox1" object at the location (210, 175)? Given the following declaration of the "textBox1" object. Which can place...
-
Find the nth-order Taylor polynomial for the following functions centered at the given point a. f(x) = cosh x, n = 3, a = In 2
-
Chicago Company sold merchandise to a customer for $1,500 cash in a state with a 6% sales tax rate. The total amount of cash collected from the customer was $558. $600. $642. $636. Nevada Company...
-
4. Jupiter has a lot of moons. Here are the periods and distances of the Galilean moons, which were discovered in 1610: moon distance (thousands of km) period (days) lo 421.8 1.77 Europa 671.1 3.55...
-
Amy and Brian were investigating the acquisition of a tax accounting business, Bottom Line Incorporated (BLI). As part of their discussions with the sole shareholder of the corporation, Ernesto...
-
Write f(x)=3+5-x2 as the composition of two functions.
Study smarter with the SolutionInn App