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Novosadov [1.4K]
3 years ago
12

An implicit cost is a nonmonetary opportunity cost. a cost unique to sole proprietorships. a cost unique to corporations. a cost

that involves spending money.
Business
1 answer:
storchak [24]3 years ago
8 0

Answer:

a non-monetary opportunity cost.

Explanation:

Implicit cost is the type of cost that does not appear in your accounting book, and the value has to be estimated based on company's past experience or expert's judgement.

For example,

Let's say that company hire a bad candidate as new employee. In order to train him, the company need to dedicate more resources compared to training other employee.

In such situation , the cost that  occurred additional training of that employees is considered as implicit cost. It won't show in the accounting book.

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Present all the journal entries including the adjustments that would be made on July 31, 2015, the end of the fiscal year, for e
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Answer:

Account Title                                                            Dr            Cr

Supplies Expense (22,150+9,350-8,810)..............22690

      Supplies....................................................................................22690

Interest Receivable .....................................................450

      Interest Revenue .......................................................................450

Rent Revenue.............................................................$7,000

      Unearned Revenue...............................................................$7,000

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3 years ago
What is the primary way in which insurance allows you to be covered for a loss, even if you haven't had it for very long?
Viefleur [7K]

C. You share the risk with others.

4 0
3 years ago
Read 2 more answers
Question 6 of 10
AlexFokin [52]

Answer:

C. A price reduction that a producer gives to resellers to encourage

them to promote products

Explanation:

bcuz that's what advertising allowance is

3 0
2 years ago
According to the principle of rational choice, if there is diminishing marginal utility: select one:
Salsk061 [2.6K]
The answer for this question is c
4 0
3 years ago
the company maintains a 40% dividend payout ratio. The net income is $12,493. The total on the balance sheet is $106,900. What i
PilotLPTM [1.2K]

Internal growth rate is calculated by dividing retained earnings by total assets.

Retained earnings is calculated by subtracting dividends from net income

So: Retained earnings would be 12,493 - (12,493 X .4)

Then to find internal growth rate take your retained earning from above and divide by total assets (the total on the balance sheet : 106,900).

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3 years ago
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