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Laura's Pizza Place Incurs $800,000 Per Year in Explicit Costs

question 251

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Laura's Pizza Place incurs $800,000 per year in explicit costs and $100,000 in implicit costs.The restaurant earns $1.3 million in revenues.Based on this information, what is the accounting profit for Laura's Pizza Place?

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Definitions:

Perception Checking

Asking someone whether your interpretation of his or her nonverbal behavior is accurate.

Regulators

Nonverbal messages that help to control the interaction or flow of communication between two people.

Expressive

Characterized by the ability or tendency to openly and effectively convey thoughts, feelings, and emotions.

Cognitive

Pertains to the processes involved in thinking, understanding, learning, and remembering.

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