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Date: 4.09.2012
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17.11.2006 · Best Answer: Implicit cost : A cost that is represented by lost opportunity in the use of a company's own resources, excluding cash. Explicit cost : A
Expense that is contractual in nature and definite in amount, such as rent, salaries, wages, or utility bills. Explicit costs are easily recognizable for
adjective 1. fully and clearly expressed or demonstrated; leaving nothing merely implied; unequivocal: explicit instructions; an explicit act of violence; explicit
What is explicit cost? definition and.
Answer (1 of 5): Explicit cost An Explicit cost is a business expense accounted cost that can be easily identified such as wage, rent and materials. Explicit costs
explicit cost
Defination of Explicit and Implicit cost?.An implicit cost is a cost that has occurred but it is not initially shown or reported as a separate cost. On the other hand, an explicit cost is one that has
What are the Example of explicit cost and.
Definition of 'Explicit Cost' A business expense that is easily identified and accounted for. Explicit costs represent clear, obvious cash outflows from a business
Economic vs. Accounting Costs We know that the value of the best alternative forgone is the economic cost of anything from lard to romance. All costs, whether
EXAM TWO REVIEW: A. Explicit Cost vs. Implicit Cost and Accounting Costs vs. Economic Costs: Economic Cost: the monetary value of all inputs used in a particular
VBA Option Explicit Difference Between Implicit Cost and. Explicit Cost Definition | Investopedia.
What is the difference between an.
explicit - definition of explicit by the.
What Are Explicit Cost And Implicit Cost?.