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2 years ago

Explain the difference between implicit and explicit costs

1 answer:

5 0

Explicit costs are reported in business documents. They are also known as direct costs. Explicit costs result in tangible assets for the company. Some examples are: rent, wages, maintenance. Explicit costs are easier to identify and account for because they leave a paper trail.

Implicit costs can be described as opportunity costs. Implicit costs deal with intangibles and do not leave a paper record. Implicit costs can be time or wasted opportunities, for example. An implicit cost is simply the loss of a possible benefit or asset that didn't occur.

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Flax Corp. uses the direct method to prepare its Statement of Cash Flows. Flax's trial balances at December 31, 20X4 and 20X3, a

Anuta_ua [19.1K]

Answer:

the cash paid for goods to be sold is $226,500

Explanation:

The computation of the cash paid for goods to be sold is shown below:

= Cost of goods sold + Opening trade account payable - closing trade account payable + closing inventory - beginning inventory

= $250,000 + $17,500 - $25,000 + $31,000 - $47,000

= $226,500

Hence, the cash paid for goods to be sold is $226,500

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2 years ago

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Answer

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Step-by-step explanation:

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2 years ago

The development policy based on encouraging economic growth via exports of goods and services, usually starting with light manuf

evablogger [386]

Answer:

Export led growth

Explanation:

Export led growth

Export led growth is a business strategy used by developing countries in order to export goods that selling consist of major advantages to economy.

Export led growth is sometimes defined as export led industrialization that aim to expand industrialization process not in same country but in foreign country too.

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2 years ago

How are mental and physical and financial health related? Three sentences

Zanzabum

Answer:

The associations between mental and physical health are: Poor mental health is a risk factor for chronic physical conditions. People with serious mental health conditions are at high risk of experiencing chronic physical conditions. People with chronic physical conditions are at risk of developing poor mental health.

Explanation:

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3 years ago

Which of the following The holding-period return (HPR) on a share of stock is equal to(s) the level of real interest rates? I) T

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Answer: D. I, II, and III.

Explanation:

The demand for investment funds determines the demand for loanable funds and when this is higher than the supply, the rate increases. The reverse it true. It therefore affects real interest rates.

The savings of households and business firms are the source of loanable funds so if these are high relative to demand, the rate will decrease. The reverse is true.

Government demand for funds will increase interest rates as the supply will decrease when the government borrows massively. The reverse is true.

All three therefore impart real interest rates.

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2 years ago