Answer:
Explicit costs are the monetary costs that a business incurs when it makes a payment, either in the form of wages, or taxes, or to manufacturers, etc.
Implicit costs are the opportunity costs that arise when businesses give up on other options when making a choice. They are not represented by any actual payments.
In this case, we have the following explicit costs:
$420,000 paid to the manufacturer
$247,000 paid in wages and utility bills
And we have the following implicit costs:
$9,000 in rent per year if Hubert rented out the local
$32,000 per year if Hubert worked as a financial advisor
They don't hit their break even point with all of the additional costs. They are still $11060 under the break even point at the end of the month
Geochemist is the answer your looking for
Answer:
Worldwide Wholesalers, Inc. has decided that instead of having its employees manage its raw materials inventory, it will pay its suppliers to store and deliver the products as needed. What action has Worldwide taken?
A. Operations control
B. Outsourcing
C. Value-added analysis
D. Business process re-engineering
E. Quality control
Answer: B
Explanation:
Outsourcing is the business practice of contracting a gathering outside an organization to perform benefits and make products that generally were acted in-house by the organization's own workers and staff. Outsourcing is a training for the most part attempted by organizations as a cost-cutting measure. In that capacity, it can influence a wide scope of employments, going from client care to assembling to the back office. Outsourcing can assist organizations with decreasing work costs fundamentally. At the point when an organization utilizes outsourcing, it enrolls the assistance of outside associations not partnered with the organization to finish certain errands. The outside associations normally set up various remuneration structures with their representatives than the outsourcing organization, empowering them to finish the work for less cash. This at last empowers the organization that decided to redistribute to bring down its work costs.
Do it yourself this gets you no where im sorry
