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prohojiy [21]
3 years ago
11

Explain the difference between implicit and explicit costs

Business
1 answer:
Elodia [21]3 years ago
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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What effect do my communication skills have on my ability to pursue, obtain and excel at my job?
Roman55 [17]
Depending on what you work at if you are a hard worker you can excel at many things. If you speak 2 languages that can also help you go up. So does your personality
6 0
3 years ago
Hernandez Builders has a gross payroll for January amounting to $500,000. The following amounts have been withheld: Federal inco
sattari [20]

Answer:

Net pay is  $383,750

Explanation:

Hermandez builders net pay can be computed by deducting the following from the gross payroll amount:

Federal income taxes

social security

medicare

charitable contributions

union dues

The net pay is computed thus:

Gross payroll pay                                                      $500,000

Federal income taxes                              $63,000

Social security                                          $31,000

medicare                                                  $7,250

charitable contributions(1%*$500000)  $5,000

union dues (2%*$500000)                     $10,000    

                                                                                ($116,250)

Net pay                                                                     $383,750  

3 0
3 years ago
Is the number of children a couple must have in order to insure that the population neither increases nor decreases?
avanturin [10]
I think it is 2. Hope this helps
4 0
3 years ago
Miltmar Corporation will pay a year-end dividend of $5, and dividends thereafter are expected to grow at the constant rate of 4%
MaRussiya [10]

Answer:

(a) 8.90%

(b) $102.04

Explanation:

(a) Market capitalization rate i.e. expected return:

= Risk free rate + Beta (Market return - Risk free rate)

= 4% + 0.70 (11% - 4%)

= 8.90%

Therefore, the market capitalization rate is 8.90%.

(b) Intrinsic value of stock:

= Expected dividend ÷ (Required return - Growth rate)

= $5 ÷ (8.90% - 4%)

= $102.04

Therefore, the intrinsic value of the stock is $102.04.

5 0
3 years ago
Burger Buddies restaurant chain is attempting to bring back their fried fish sandwich. It is an
worty [1.4K]

The marketing firm need to focus their efforts on

product modification.

<h3>What is product modification</h3>

Product Modification includes changes that are done on an existing product to make it more acceptable.

This could include branding, changing the quantity and colour to help increase the demand.

Therefore, The marketing firm need to focus their efforts on product modification.

Learn more on marketing here,

brainly.com/question/25369230

#SPJ1

7 0
1 year ago
Read 2 more answers
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