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2 years ago

Explain and give an example the difference between an explicit cost and an implicit cost.

Business

1 answer:

Amanda [17]2 years ago

7 0

Answer:

Explicit costs are out-of-pocket costs for a firm

for example, payments for wages and salaries, rent, or materials. Implicit costs are the opportunity cost of resources already owned by the firm and used in business

for example, expanding a factory onto land already owned.

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Razor Inc. manufactures industrial components. One of its products used as a subcomponent in auto manufacturing is Fluoro2211. T

Neko [114]

Answer:

Total contribution margin= $1,884,180

Explanation:

Giving the following information:

Direct Materials 150

Direct Labor 28

Variable Manufacturing Overhead 25

Variable Selling 16

Sales in units= 10,130

Selling price= $420

Direct material cost= 150*1.1= $165

<u>First, we need to calculate the unitary contribution margin:</u>

Unitary contribution margin= selling price - total unitary variable cost

Unitary contribution margin= 420 - (28 + 25 + 16 + 165)

Unitary contribution margin= $186

<u>Now, the total contribution margin:</u>

Total contribution margin= 10,130*186

Total contribution margin= $1,884,180

3 0

3 years ago

How did speculative investing weaken the stability of the stock market?

tiny-mole [99]

<span>Heavy speculation is a bad idea in any market since it has a tendency to inflate prices to unrealistic levels. That is basically what many investors prior to the Great Depression did when they thought the market would keep going higher and higher. They borrowed money, sold their houses, etc.. to buy into the stock market thanks to that kind of speculation without even considering the underlying reasons for why the market is there in the first place.</span>

7 0

3 years ago

One of the accounting records maintained by Visors Inc. lists the number of regular work hours worked by its employees, the over

Iteru [2.4K]

Answer:

B. Payroll record

Explanation:

Payroll record is a record in an organization showing the list of employees in that organization along with payments due to every employee in the organization for a specific pay period. It shows the number of hours worked, average pay rates, and deductions for each employee present in the organization. From the description detailed in the question, the record described is most likely a payroll record. In summary, it's a documentation showing under what criteria are the employees of an organization paid.

5 0

3 years ago

Prove that F=Gm1m2/d2

podryga [215]

Answer:

From the statement of Universal law of gravitation,

F ∝ m1 m2

F ∝ 1/d²

by combing above two equations we get,

F ∝ m1 m2/d²

F = G m1 m2/d²

HOPE THIS HELP!!

MARK IT AS BRAINLIEST!!!!

6 0

3 years ago

Media planners seek to reach the largest possible percentage of their target audience with no monetary limitations.

CaHeK987 [17]

As regards media planners trying to reach a large percentage of their target audience with no limitations, this is <u>False</u>.

<h3>Why is this statement false?</h3>

The ultimate goal of a company is to reduce costs and make more profit. As a result, media planners try to keep costs as low as possible when engaging in ad campaigns.

This means that they try to reach the largest percentage of people they can reach, with limitations placed on them.

In conclusion, this is false.

Find out more on media planners at brainly.com/question/7289927.

4 0

2 years ago