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professor190 [17]
3 years ago
6

Which of the following statements is true? Group of answer choices An explicit cost is an actual cost; an implicit cost is a the

oretical cost. An explicit cost is more important, dollar for dollar, than an implicit cost. Explicit costs are accounting costs, not economic costs; implicit costs are economic costs, not accounting costs. Economic costs include both explicit costs and implicit costs.
Business
1 answer:
professor190 [17]3 years ago
7 0

Answer:

Economic costs include both explicit costs and implicit costs.

Explanation:

  • In economics, costs can be in the form of explicit and implicit as implicit costs are opportunity costs and are opportunities for engaging in business. While the explicit costs are accounting costs which are involved in the production of raw matter, wages etc.
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Which of the following is true?Select one:a. Overhead costs are often affected by many issues and are frequently too complex to
Vsevolod [243]

Answer:

e. When cost analysts are able to logically trace cost objects to costs, costing accuracy is improved.

Explanation:

Overhead costs are costs which can not be attributed to a particular item . So it is distributed among more than one item on some basis.

For example electricity cost is a common overhead in a company having two machines one producing pen and the other producing paper . The overhead electricity cost can be scientifically apportioned in the cost analysis of pen and paper on the basis of wattage capacity of machines used in the manufacture of pen and paper .

6 0
3 years ago
Advise new entrepreneurs on the char<br>acteristics of co-operatives<br><br>​
kobusy [5.1K]

Answer:

A cooperative can be understood as a business model where there is a partnership between people with the same interests in an economic activity, not for profit, and who provide associated services.

In this voluntary society, there are its own rules and autonomy, being the voluntary and independent association, where there is the cooperation of each member and sharing of the management, of the positive and negative risks to the business. All members have economic participation and access to information and training. Interest on capital is limited and the surplus is distributed among all members.

4 0
3 years ago
Which one is not a benefit to
Pavel [41]

Answer:

I think its B

Explanation:

A is the probability of not losing your job

C Needs a Postive Attitude

D also Needs a Positive Attitude

3 0
3 years ago
After 8 years of working for a company that installed underground sprinkling systems for golf courses, Jake was ready to venture
Shkiper50 [21]

Answer:

two strengths and one threat

Explanation:

Since in the given situation it is mentioned that that Jake was fortunate to have $100,000 financing also the skilled installers are willing to work but at the same time he was aware that the new construction was all time low

So here there are two strengths and one threat

In this way the events are categorized

7 0
3 years ago
Sean and Jenny own a home in Boulder City, Nevada, near Lake Mead. During the year, they rented the house for 40 days for $3,000
Dmitry_Shevchenko [17]

Answer:

Sean and Jenny

The deductible net loss for the rental of their home is:

= $18,241.

Explanation:

a) Data and Calculations:

Number of days for rent of $3,000 collected = 40 days

Number of personal use of house = 18 days

Total number of days that the house was in use = 58 days

House Expenses:

Mortgage interest $14,000

Property taxes          3,500

Utilities                       1,100

Maintenance             1,300

Depreciation          10,900

Total expenses  $30,800

Proportion of house expense:

Rental use =       $21,241 (40/58 * $30,800) 69%

Personal use =   $9,559 (18/58 * $30,800)   31%

Total expense $30,800

The deductible net loss for the rental of their home is $18,241 ($3,000 - $21,241).

8 0
3 years ago
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