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crimeas [40]
3 years ago
5

Implicit costs are: a. Regarded as costs by accountants, but not economists. b. Payments that a firm makes to other firms or ind

ividuals who supply resources to it. c. Opportunity costs such as the value of leisure time, or the highest and best use of the business's assets. d. Costs that vary proportionally with output.
Business
1 answer:
Delvig [45]3 years ago
3 0

Answer: Option C

Explanation: Implicit cost or opportunity cost is the loss of profit from best alternative that is foregone. It is the cost directly paid by the individual himself rather than paying it to others as in case of explicit costs.

Implicit costs are not deducted while calculating accounting profit but they are when calculating economic profit. These costs usually remain fixed as the alternative has been rejected already.

So, from the above we can conclude that option C is correct.

You might be interested in
The accountants at Global Finances can take work home for as many days as they like as long as their spreadsheets are up to date
lorasvet [3.4K]

Answer:

Telecommuting.

Explanation:

This is a flexible work pattern in which employees are allowed to carry out their tasks from  homes or other various locations outside the principal office .

It does not mean a total cut off from the office as occasional appearance and constant communication is required .

It has its advantages in improved moral , retaining best hands , increased productivity and cost savings.

The disadvantages include lack of supervision ,isolation and in - effective use of work hours

8 0
3 years ago
A corporation reports the following year-end balance sheet data. The company's debt ratio equals: Cash $ 40,000 Current liabilit
Lady_Fox [76]

Answer:

0.37

Explanation:

The formula to compute the debt ratio is shown below:

= Total liabilities ÷ Total assets

where,

Total liabilities would be

= Current liabilities + Long term liabilities

= $75,000 + $35,000

= $110,000

And, the total assets would be

= $300,00

Now put these values to the above formula  

So, the ratio would equal to

= $110,000 ÷ $300,000

= 0.37

4 0
3 years ago
Becky only eats out at Macaroni Grill and eats out three times per month. She receives a raise from $33,200 to $33,500 and decid
iragen [17]

Answer:

55.58

Explanation:

Data provided in the question;

Initial demand per month, Q₁ = 3

Final demand per month, Q₂ = 5

Initial price, P₁ = $33,200

Final price, P₂ = $33,500

Now,

elasticity of demand using midpoint method is calculated as :

= \frac{\textup{percent change in demand}}{\textup{percent change in supply}}

or

= \frac{\frac{Q_2-Q_1}{\frac{Q_1+Q_2}{2}}}{\frac{P_2-P_1}{\frac{P_1+P_2}{2}}}

on substituting the respective values, we get

= \frac{\frac{5-3}{\frac{5+3}{2}}}{\frac{33,500-33,200}{\frac{33,200+33,500}{2}}}

or

= \frac{\frac{2}{4}}{\frac{300}{\frac{66,700}{2}}}

or

= \frac{0.5}{\frac{300}{33,350}}

= 55.58

3 0
3 years ago
Anybody wanna zoom ?
Ne4ueva [31]

Answer:

sorry i have school but others day maybe tomorrow

5 0
3 years ago
During the 1990s positive technological change in the production of chicken caused the price of chicken to fall. Holding everyth
Marta_Voda [28]

Answer:

The demand for pork would decrease and the equilibrium price of pork would decrease.

Explanation:

Substitute goods are goods that can be consumed in place of each other.

If the price of chicken falls, consumers would increase the quantity demanded of chicken and reduce their demand for pork. The fall in the demand for pork would lead to a leftward shift in the demand curve for pork. A leftward shift in the demand curve while the supply curve remains unchanged would lead to a fall in equilibrium price of pork.

I hope my answer helps you

5 0
3 years ago
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