Explicit and Implicit costs should be considered when measuring economic profit because a business must cover its opportunity costs as well as its out-of-pocket expenses to be truly profitable. Economic profit consists of revenue minus implicit (opportunity) and explicit (monetary) costs. Explicit costs are monetary costs a firm has. Implicit costs are the opportunity costs of a firm’s resources.
Answer: A sales-type lease without a selling profit.
Explanation: A sales-type lease without a selling profit is a type of lease where the initial direct costs are deferred and expensed over the lease term.
The expenses to be deferred and expensed includes:
1. costs associated directly with consummating a lease
2. costs essential to acquire the lease
3. costs that would not have been incurred had the lease agreement not occurred.
These can be achieved by not recording the prepaid expenses in the books separately but calculated with the lease receivable.
Answer:
The banking industry has quickly advanced in the previous couple of decades. Banks have turned out to be worldwide foundations, working in numerous nations around the globe—and, maybe more significantly, online.
Present day customers have started to put more significance on the online banking capacities of their budgetary establishments, constraining European banks to dispatch new items and modify their digital systems to keep up. Less customers are visiting nearby offices; truth be told, there have been numerous reports asserting that online banking is the main source of the disappearing of neighborhood bank offices crosswise over Europe.
The greatest contrast between conventional banking and online banking is a physical presence: a traditional bank has a home office, just as territorial HQs, with branches situated over the nations in which it works. Numerous traditional banks work their very own ATMs, however littler conventional banks may combine to work a substantial number to share costs. Conventional banks, with their nearby offices, were at first picked for their benefit — for example which bank had a branch nearest to home — just as their eye to eye client administration.
Online banking is of most extreme significance to present day consumers.To remain aggressive and guarantee their customers are fulfilled, most customary banks have fused web banking in their administrations. Online entrances enable customers to view their balances, exchange cash, open new records and even apply for a home loan to purchase a home or contribute — which is all accessible 24 hours every day, seven days seven days not at all like physical branches. Online client administration, including email and talk and video call, have started to surpass telephone calls and visits to the bank's nearby office. Such administrations permit customers
Answer:
The answer is: D) $32,000
Explanation:
In 20x3, Cris. Co. paid in cash $68,000 for interest, including $15,000 of interest from 20x2.
The amount of cash paid for 20x3 interests = $68,000 - $15,000 = $53,000
Interest payable = interest expense 20x3 - cash paid for 20x3 interests
interest payable = $85,000 - $53,000 = $32,000
The upside of changing its assembling frameworks is to enhanced item quality and lessened preparing time.
JIT and the lean maker has numerous bene±ts including enhanced item quality and diminished handling time, and decreased waste and stock, bring down work and generation costs, and expanded assembling adaptability.
