Sodium silicate, commonly known as âwaterglassâ, is prominent due to wide commercial and industrial application. It is often composed of an oxygen-silicon polymer backbone housing water in molecular matrix pores. Sodium silicate products are manufactured as solids or thick liquids, depending on intended use. For instance, waterglass functions as a sealant in metal components. Lastly, although sodium silicate production is a mature industry, there is ongoing research for new applications given its heat conductive properties.
The term 'accounting' profit is quite frequently used by bookkeepers, for it is the actual revenue calculation. On the other hand, economic profit is more of an theoretical estimate. The paragraphs below highlight some differences between economic and accounting profit with examples. Economic Profit. In financial terms, it is not the excess of total accounting income over the total accounting expense. To the cost of an investment, it also adds the opportunity lost cost of another investment option.
BREAKING DOWN 'Normal Profit'. A business will be in a state of normal profit when its economic profit is equal to zero, which is why normal profit is also often called âzero economic profit.â When total revenues are equal to total costs, ânormal profitâ and âeconomic profitâ are the same.he method of determining whether a firm is in a state of normal profit can be represented in the following way: Total Revenue - (Explicit Expense + Implicit Expenses) = 0. If the difference between total revenue and total expenses is not equal to zero, the business in question is not in a state of normal profit.