Answer:
Explicit costs are the costs which requires the money to pay.
On the other hand, implicit costs refers to the benefit that is foregone by choosing some other work or doing some other activity.
Therefore,
Explicit costs are as follows:
1. Wages pays to his hired hand
2. Buys feed for his cows.
3. Gas expense that is used in truck
Implicit costs are as follows:
1. Foregone income of $27,000 from working at a dairy plant as a technician.
2. Time taken for extracting milk from all the cows.
W(-7,-4) indicates the reflection across y=x. (x,y) transformed to (y,x). w(-7,-4) =w(7,4).
w'(7,-4) indicates the reflection across y-axis. (x,y) is transformed to (-x,y). w(-7,-4) = w(7,-5).
Explanation:
The rules for reflecting over the X axis is to negotiate the value of the y coordinate of each point and x is same.
After reflection the coordinates of the figure can be determined. If you reflect over the x-axis, then keep the x-coordinate and take the opposite of y- coordinate. If you reflect over y-axis, then take the opposite of x- coordinate and keep y- coordinate.
Answer:
As your level of education increases, your income potential also increases.
Explanation:
As per the graph, the highest earners are holders of a doctoral degree, professional degrees, and master degrees. These are highly educated individuals.
At the bottom end, the lowest earners are those with high school diplomas and below.
The graphs clearly illustrate that acquiring a high level of education increases the probability of increased earning.
The correct adjusting entry to journalize this depreciation is a debit to Depreciation Expense for $3,500 and a credit to Accumulated Depreciation for $3,500.
What is a depreciation?
In accounting, this refers to the monetary value of an asset that decreases over time due to use, wear, tear etc.
As we are given that the estimated amount of depreciation on office equipment for the current year is $3,500, then, the correct adjusting entry to journalize this depreciation is a debit to Depreciation Expense for $3,500 and a credit to Accumulated Depreciation for $3,500.
Read more about depreciation
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