Economic profit vs accounting profit발음듣기
대기중
Economic profit vs accounting profit
113문장
100% 한국어
번역 4명 참여
출처 : 칸아카데미
번역
0%
[Background voice] Let's say this past year I started a restaurant and I want to think about what type of a profit I've been making at that restaurant.발음듣기
대기중
We're going to think about it in terms of an accounting profit, which is really the type of profit that most of us associate with a business or a firm.발음듣기
대기중
We're also going to think about it in terms of economic profit, which we'll see is a little bit different.발음듣기
대기중
Instead of telling us whether a business is producing income, it tells us whether it makes sense to even run the business in the way that we're actually running it.발음듣기
대기중
Let's say my firm, my restaurant, (my firm in a restaurant) in year 1 it brings in, in revenue, it brings in $500,000.발음듣기
대기중
Sometimes people call it the top line, because it's literally the top line of our income statement.발음듣기
대기중
Now, when you're running a restaurant one of the obvious expenses is going to be the cost of food.발음듣기
대기중
Then, I have, and I am going to assume that I don't own the building, that I rent the building.발음듣기
대기중
The reason why we think of it in those terms is because the amount you pay in tax is usually derived from your pretax profit.발음듣기
대기중
That depends on where this business is, what country, what state, what type of business it is.발음듣기
대기중
We take how much money comes through the door and then we just have to subtract out all of the payments we essentially have to make to other people.발음듣기
대기중
500,000 minus 450,000 gives us a pretax profit (I'll do it in that same bright yellow) of $50,000.발음듣기
대기중
I'm assuming that I'm the only owner of this business, so I can essentially take it all out for myself.발음듣기
대기중
Maybe help pay my own personal rent or whatever else, or I could take some of this or all of this and reinvest it back into the business.발음듣기
대기중
When people in the everyday world talk about profit, this is normally what they're talking about.발음듣기
대기중
The best way to realize that is to just calculate economic profit for this exact same business, or this firm, as a economist would call it.발음듣기
대기중
I'm going to write here, just so we can get in the economist frame of mind, opportunity cost.발음듣기
대기중
Within opportunity cost there are going to be explicit opportunity cost and implicit opportunity cost.발음듣기
대기중
The reason why we can think of them as opportunity cost, even though they're given in dollar terms, is that if I was spending $100,000 on food, that's $100,000 that I couldn't spend on something else.발음듣기
대기중
I'm just measuring the opportunity cost in terms of dollars, but dollars that I could have spent on other things.발음듣기
대기중
We're going to see a little bit of divergence when we start thinking about the implicit cost that really weren't taken into account here, the implicit opportunity cost especially. Implicit cost.발음듣기
대기중
If I am running this business and let's say, in order to run it I actually had to focus on it full time.발음듣기
대기중
Our economic profit is going to be our revenue that we're taking in, minus all of these expenses.발음듣기
대기중
The important thing to realize is economic profit, when it's negative, isn't saying, or you say that you have $100,000 economic loss, or an economic profit of negative $100,000.발음듣기
대기중
What it is saying, is it probably doesn't make sense to run this business or at least to run this business in this way.발음듣기
대기중
If this was 0, that means, hey, it's probably making money, but you're kind of neutral whether it makes sense to run it this way or not.발음듣기
대기중
If it's positive, that means it definitely does make sense to run the firm in this way and that it is definitely doing better than all of the alternatives.발음듣기
대기중
This right over here is saying, look, you're making $50,000 a year, that's the 50,000 that you have to spend, if you're the owner, or reinvest in the firm.발음듣기
대기중
This is saying, essentially, look, you could have been making more money than that $150,000.발음듣기
대기중
Instead of making $50,000 doing this, you could have been making $100,000 more doing something else.발음듣기
대기중
칸아카데미 더보기더 보기
-
Simple fractional reserve accounting (part 1)
86문장 100%번역 좋아요2
번역하기 -
Zaha Hadid, MAXXI National Museum of XXI Cent...
44문장 100%번역 좋아요2
번역하기 -
Rent control and deadweight loss
120문장 100%번역 좋아요2
번역하기 -
12문장 100%번역 좋아요2
번역하기
