What Is Economic Profit?

Answer

There is a great difference between accounting profit and economic profit. Accounting profit will take into consideration real costs. However, economic profit will even include non accounting aspects like opportunity cost.
Q&A Related to "What Is Economic Profit"
Accounting profit figures consider realized or actual financial
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Economic profit takes into consideration non-accounting aspects, such as opportunity cost. Embed Quote
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1. Calculate the net operating profit after taxes (NOPAT) by adding back the taxes to the earnings before interest and taxes, which is usually shown on the income statement as "
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economic profit & accounting profit: Economists measure a firm's economic profit. Accountants measure the accounting profit. Economic cost=total revenue-explicit cost-implicit
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