If Your Cash Outflows Are $600 and Your Cash Inflows

question 49

Short Answer

If your cash outflows are $600 and your cash inflows are $1,000,you can increase your net worth by:
(a)$1,000.
(b)$600.
(c)$1,600.
(d)$400.

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Definitions:

Accounting Profits

Accounting profits represent the financial gains of a business as calculated by subtracting total explicit costs from total revenues, according to standard accounting practices.

Industry Entry

The act or process of starting a new business or expanding into a new segment within a particular market or industry.

Average Product

The total output produced by a firm divided by the number of inputs used to produce that output.