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3 years ago

Implicit costs are ______.

Business

1 answer:

iVinArrow [24]3 years ago

8 0

Answer:

The correct answer is B

Explanation:

Implicit cost is also known as the notional cost, imputed cost or implied cost, which is defined or described as the opportunity cost that is equal to what a company or business give up so that, could use a factor of production for which it owns already and does not require to pay the rent.

This cost is stated indirectly and or it is already implied in the production and it also the opportunity costs of the resources which are self- employed.

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Presented below is information related to Splish Company at December 31, 2020, the end of its first year of operations.

elena-s [515]

Answer:

a. $131,880

b. $167,310

c. $156,050

d. $151,390

Explanation:

(a) Income from operations

Income from Operations is Income resulting from Primary Trading Activities of the Company.

Income from Operations = Gross Profit + Operating Income - Operating Expenses

where,

Gross Profit = Sales - Cost of Goods Sold

= $334,910 - $149,030

= $185,880

thus,

Income from Operations = $185,880 - $54,000 = $131,880

(b) Net income

Income resulting from Primary and Secondary Trading Activities of the the Company.

Net income = Income from Operations + Non Operating Income - Non Operating Expenses

= $131,880 + $32,710 + $9,080 - $6,360

= $167,310

Income from both Continuing and Non - Continuing Activities.

Comprehensive income = Net income + Non - Continuing Activities

= $167,310 - $11,260

= $156,050

(d) Retained earnings balance at December 31, 2020

The Income remaining after distributions to shareholders have been made.

Retained earnings = Comprehensive income - Dividends

= $156,050 - $4,660

= $151,390

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3 years ago

In order for money to work properly, there can be only a certain amount of it in

tino4ka555 [31]

A.limited supply hope that helps

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3 years ago

The________________ view of corporate social responsibility is that business should focus on making valuable contributions to so

m_a_m_a [10]

The socioeconomic view of corporate social accountability is that commercial enterprise have to center of attention on making precious contributions to society, now not just making profits.

<h3>What is the financial model of social responsibility?</h3>

The socio-economic model of social duty demonstrates that a enterprise not only focus or listen upon what form of income it is making or how will it make extra income in the future but additionally seem to be after the effect that it is inflicting on society from time to time.

<h3>Why is company social accountability necessary to business?</h3>

Embracing CSR will increase client retention and loyalty, increases employee engagement, improves manufacturer imaging, attracts funding opportunities and pinnacle talent, and makes a difference for bottom-line financials.

Learn more about corporate social responsibilities here:

<h3>brainly.com/question/1373962</h3><h3 /><h3>#SPJ4</h3>

5 0

1 year ago

The market for insurance is one example of reducing risk by using diversification.

Maurinko [17]

The correct answer for this question is a. True. Hope this helps you fulfill your desires.

4 0

3 years ago

A marketing strategy that involves a firm using different marketing mix actions to help consumers perceive the product as being

Gwar [14]

Answer:

It is referred to as product differentiation.

Explanation:

Product differentiation is a strategic type of marketing in which a firm uses campaigns and promotions to highlight features that make its product unique as well as the benefits of using the product or service.

This kind of marketing differentiate the firm's product or services from those of competitors and makes consumer perceive such differentiated product or service as better than other similar competing products.

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3 years ago

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