Answer:
manufacturer --> explicit cost
wages and utilities --> explicit cost
implicit cost --> rent of the showroom
implicit cost --> accountant salary
Explanation:
Implicit cost:
A cost already occurred but not necessarily shown or reported as a separate expense. It represents the opportunity cost of internal resources used without explicit compensation. The loss of potential income. but not of profits.
Resuming Implicit cost comes from the use of an asset, rather than renting or buying it.
Explicit cost:
Is a cost that occurs, identificable and accounted. It occurs during business operations and has a clearly defined dollar amount.
Explicit and implicit costs are utilized in the calculation of economic profit. They are used to determinate profitable of a business
Articulation is when the vision has enough imagery.
The correct answer that would best answer the given question above would be ENTRY LEVEL. Workers with <span>formal training or experience, usually at the baccalaureate level, work at the entry level. The baccalaureate level is when someone is able to attain a Bachelor's degree in education. Hope this answer helps.</span>
Answer:
The estimated percentage change in the price of oil=10%
Explanation:
Elasticity of supply is a measure of how the supply of a particular commodity or product changes with price change.
Elasticity of supply can be expressed as;
Elasticity of supply=Percentage change in quantity supplied/percentage change in price
where;
Elasticity of supply=0.3
Percentage change in quantity supplied=3%
Percentage change in price=unknown=x
replacing;
Elasticity of supply=Percentage change in quantity supplied/percentage change in price
0.3=3%/x
x=3%/0.3
x=10%
The estimated percentage change in the price of oil=10%
Answer:
The adjusted cash balance should be: $17,600
Explanation:
Up date the Cash Balance in the cash book as follows :
<em>Note - Adjust on the items that exist on the bank statement but not recorded in the cash column of the cash book.</em>
Debit :
Balance as at May 31 $17,025
NSF check $600
Totals $17,625
Credit:
Bank service fees $25
Updated Cash Balance $17,600
Totals $17,625
