D) All are opportunity costs.
Explicit fees are input expenses that require an outlay of cash via the firm. Implicit fees are input expenses that do not require an outlay of cash by means of the firm.
An example of an implicit cost is the foregone profits that a business owner-manager ought to have earned operating for someone else. given that constant expenses are regular as output will increase, common fixed prices are also regular.
Examples of implicit fees consist of the loss of interest earnings on funds and the depreciation of equipment for a capital project. they will additionally be intangible expenses that are not easily accounted for, inclusive of whilst an owner allocates time in the direction of the renovation of a organization, in preference to the use of those hours some place else.
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A: Effective use of logistics management techniques
<span>A secured loan is one that is protected by an asset or property, also called collateral. ... The most common kinds of secured loan are a mortgage (where the property is the collateral) and a car loan (where the vehicle is the collateral.) An unsecured loan, on the other hand, isn't connected to any kind of asset.</span>
Answer:
The revenue for the month of December would be $25,500.
Explanation:
As per the revenue recognition principle, the revenue is recorded as and when the services are rendered or goods are delivered to the customer.
Cash collected for services provided in November: This won't be recorded as revenue in December as the services were rendered in the month of November. Therefore, it belongs to the month of November and not December.
Provided services on account $24,500 (collected $14,000 only): This would be considered as the revenue earned in the month of December.
Received $2,000 on December 1 and services provided evenly in December and January: The services will be provided evenly in both the months. So, the amount will be recorded as service revenue evenly in both the months. Thus, $1,000 would be recorded as revenue for December and remaining $1,00 as revenue for January.
Therefore, the revenue for December would be = $24,500 + $1,000 = $25,500.