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Luden [163]
2 years ago
9

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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3 years ago
Gonzales Corporation generated free cash flow of $88 million this year. For the next two years,the companyʹs free cash flow is e
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A) $1384.24

Explanation:

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Question 8 of 10
kirill115 [55]

Answer:

A. A balance sheet shows the total assets, liabilities, and owner's

equity at the end of the period

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As we know that

The income statement recognized only the income earned and expenses incurred of an organization

While on the other hand the balance sheet shows the financial position, profitability of the company. It involves assets, liabilities and stockholder equity

So according to the given options, the option A is correct

hence, the rest of the options would be incorrect

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3 years ago
Using the SMART goal-writing criteria, what refers to asking how to achieve the goal?
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3 years ago
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For each of the following characteristics, say whether it describes a monopoly firm, a monopolistically competitive firm, both,
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