May 7, 2018 · Question: Suppose a farmer in Georgia begins to grow peaches. He uses $1,000,000 in savings to purchase land, he rents equipment for $80,000 ...
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Dec 1, 2023 · What is the farmer's accounting profit? The peach farmer earns accounting profit of $ ( Eriter your response as an integer ).
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Sep 26, 2022 · Question: What is the farmer's economic profit? The peach farmer earns economic profit of § (Enter your response as an integer.).
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What is the farmer's economic profit?
Economic Profit:
Profit is calculated by deducting the expenses from the revenue. While calculating the economic profit, the opportunity cost is also deducted from the revenue. Economic profit = Sales - Opportunity cost - Monetary cost.
How to solve for economic profit?
The economic profit formula is:Economic profit = Total revenue − (Implicit costs + Explicit costs)The accounting profit formula is:Accounting profit = Total revenue − Explicit costsRelated: Costs vs. Expenses: What Are the Differences?
Apr 2, 2022 · The peach farmer earns economic profit of $ 505000 . (Enter your response as an integer.) What is the farmer's accounting profit? The peach ...
Missing: avo bookkeepingurl? q= https:// q29222493
Mar 25, 2018 · What is the farmer's economic profit? The peach farmer earns economic profit of s(Enter your response as an integer.) What is the farmer's ...
Missing: avo bookkeepingurl? q= https:// q29222493
Jun 17, 2020 · The peach farmer earns economic profit of $ (Enter your response as an integer.) What is the farmer's accounting profit? The peach farmer earns ...
Missing: avo bookkeepingurl? q= https:// q29222493
Nov 13, 2022 · The peach farmer earns economic profit of \$ (Enter your response as an integer.) What is the farmer's accounting profit? The peach farmer earns ...
Missing: avo bookkeepingurl? q= https:// q29222493
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