WebQuestion: 14. Recording inventory at net realizable value is permitted, even if it is above cost, when there are no significant costs of disposal involved and a. the ending inventory is determined by a physical inventory count b. a normal profit is not anticipated c. there is a controlled market with a quoted price applicable to all quantities. d. WebNormal Profit. However, it is said to have occurred when economic profit Economic Profit Economic profit refers to the income acquired after deducting the opportunity and explicit costs from the business revenue (i.e., total income minus overall expenses). It is an internal analysis metric used by the organizations along with the accounting profits. read more is …

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Web6. Normal profit is: A. determined by subtracting implicit costs from total revenue. B. determined by subtracting explicit costs from total revenue. C. the return to the … WebD) maximize normal profit. E) earn a normal profit. 3) 4) The price charged by a perfectly competitive firm is A) higher the more the firm produces. B) different than the price charged by competing firms. C) the same as the market price. D) indeterminate. E) lower the more the firm produces. 4) the purpose of micromotion study is to

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WebVIDEO ANSWER:Hi, so I kind of just, you know, google normal profit. Um So normal profit is a profit metric that takes into consideration both explicit and implicit costs um and may be viewed in conjunction with economic profit. No, no more profit occurs when the difference in the company's total revenue and the combined explicit and implicit are … Web15 de fev. de 2024 · Normal profit is: A. determined by subtracting implicit costs from total revenue. B. determined by subtracting explicit costs from total revenue. C. the return to the entrepreneur when economic profits are zero. D. the average profitability of an industry over the preceding 10 years. Web17 de jan. de 2024 · The level of super-normal profits available to a firm is largely determined by the level of competition in a market – the more competition the less chance there is to earn super-normal profits. Super-normal profit can be derived in three general cases: By firms in perfectly competitive markets in the short run, before new entrants … the purpose of meta-analysis is to