Answer:
<u>explicit</u>, <u>accounting</u>
Explanation:
Costs can be categorized into two kinds, explicit costs and implicit costs.
Implicit costs take into consideration those costs which are not actually incurred such as opportunity costs. Those costs represent a cost in economics but not in accounting.
Accounting is only concerned with journalising and recording of explicit costs which are the costs which are visible and which have been actually incurred.
Owing to this difference in recognition of costs, accounting and economic profits differ.
Explicit costs owing to this very reason are sometimes referred to as accounting costs.
Answer: Josh's bonus is $35,289.53.
In the question above, we need to look at the net savings that will occur from selling drinks instead of giving them as complimentary drinks. So we have,
Net Savings per year = $11.04 million
The company's MARR = 15%
Josh's bonus is 0.14% of the present value of three years' net savings.
Since the quantum of savings is constant each year, we can calculate the present value of these savings by using the Present Value of annuity formula.
PVA = Present value of three years' net savings = 25.20680529
million
Josh's bonus : 0.14% of present value of three years' net savings.
Josh's Bonus = $0.035289527
million or $35,289.53.
Tangible means that whatever it is your talking of is easily sensed, through one of the 5 senses. I'm this case the narrator used just enough description that we can get a tangible idea of the orange she picked up. "...checked the texture...to make sure they were fresh," the narrator here describes the fruit in enough detail that we can envision the tangibility of the orange.
Answer:
$95,000
Explanation:
Given that,
Professional fees expense balance = $82,000
Billed amount for November, Year 1 = $6,000
Unbilled fees for Year 1 = $7,000
Professional fees expense for the year ended December 31, Year 1:
= Professional fees expense balance + Billed amount for November, Year 1 + Unbilled fees for Year 1
= $82,000 + $6,000 + $7,000
= $95,000
Therefore, the amount should Pak report for professional fees expense for the year ended December 31, Year 1 is $95,000.
Answer:
The correct answer is letter "B": anchoring.
Explanation:
Anchoring bias or focalism takes place when individuals make decisions driven by the first impression obtained on a certain matter. Under this situation, those individuals do not take well-educated decisions since there has not been an analysis of the pros and contras of picking that choice over others.