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3 years ago

An example of an explecit cost of production would be

Business

2 answers:

vfiekz [6]3 years ago

8 0

Answer:

The cost of renting capital equipment like machinery for a business or the salaries paid to workers.

Explanation:

An explicit cost is an expense that is actually incurred by the business, meaning cash outflow. These costs are incurred to ensure that the business continues operating and the cash outflow reduces the cash balances of the business. Examples of such costs are like rental expenses and salary expenses. An implicit cost is the best alternative use of cash by the business that is not taken. An example would be: a business uses its cash to buy inventory instead of investing in fixed income securities. In this case, the implicit cost of using its cash resources is the foregone interest income that could have been earned from the interest bearing securities.

Pavel [41]3 years ago

3 0

An example would be
The Cost of flour for a baker

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Credit cards are different from debit cards because

Rzqust [24]

Debit cards are used to pay for goods in shops and to withdraw money at cash machines. The money is automatically taken from your current account when you spend it, so you must have enough money in your account or an agreed overdraft to cover the transaction.

Where as..
A credit card, such as Barclaycard, isn't linked to your current account and is a credit facility that enables you to buy things immediately, up to a pre-arranged limit, and pay for them at a later date. The cost of the purchase is added to your credit card account and you get a statement every month.

5 0

4 years ago

On January 1, 2018, Bradley Recreational Products issued $200,000, 11%, four-year bonds. Interest is paid semiannually on June 3

andrew11 [14]

Answer:

At June 30th, 2020 an investor will purchase the bonds at 197,327 which is the present value of the bond at the market rate.

June 30th entries:

interest expense 11,627.4 debit

discount on bonds payable 627.4 credit

cash 11000 credit

/effective method

interest expense 11,776.25 debit

discount on bonds payable 776.25 credit

cash 11000 credit

/straight-line method

the tables are attached to the answer.

Explanation:

effective method

procceds 193,790

face value 200,000

discount on bonds payable 6,210

bond rate 0.055 (11% annual / 2 payment per year)

market rate 0.06 (12% annual / 2 payment per year)

straight line:

6,210 / 8 (4 years and 2 payment per year) = 776,25‬

5 0

3 years ago

In an inert organizational culture, poor working relationships frequently develop between the organization and its employees. th

NikAS [45]

Answer:

The correct answer is: the organization emphasizes long-term employment.

Explanation:

An inert organizational culture is one that does not seek to adapt to new work processes and trends whose objective is to innovate and facilitate work and processes.

They are usually organizations whose culture is focused on more inflexible and rigid internal policies, whose focus is on the establishment of processes and does not focus on the relationships and integration of workers.

This type of organization focuses on long-term employment, which can culminate in the lack of innovation in personnel, ideas, processes and the improvement of total quality.

3 0

3 years ago

A marketer is keeping track of the revenue generated by his campaign. He wants to

lakkis [162]

Answer:

C). A revenue-focused bidding strategy.

Explanation:

As per the details given in the question, 'a revenue-focused bidding strategy' will most likely assist the marketer in upkeeping his needs as his key focus is to discern a particular return on his investment that he made for the monthly ad spend made by him. This automated strategy of bidding will allow him to keep track of the revenue and escalate the return. Thus, option C is the correct answer.

8 0

3 years ago

Zoey Bella Company has a payroll of $10,000 for a five-day workweek. Its employees are paid each Friday for the five-day workwee

Over [174]

Answer:

Wages Expense debit $8,000

Wages Payable credit $8,000

Explanation:

At the end of December 31, which is a Thursday, workers would have worked 4 days out of a 5-day week, which implies we need to recognize wages for the 4 days because it has been incurred even not yet paid

Wages for 4-days=$10,000*4/5

Wages for 4-days=$8,000

We would debit wages account with $8,000 since an increase in an expense account is a debit entry while wages payable would be credited since it is an increase in liabilities

8 0

3 years ago