explicit environment cost include the direct cost of modifying technology and processes, costs of clean up, disposal costs, fines by govt. agencies etc.
Indirect taxes are a form of cost that goes into the final cost of the end product. Direct taxes paid would be sales taxes and such, but indirect taxes would be taxes paid by the manufacturer of goods that ultimately goes into the cost of goods sold.
Places like Jackson Hewitt will efile your taxes for free, but it they have to figure up your taxes, it can cost as little as $35 or $45 for the simple 1040EZ
Yes
The government provides forms and online filing for people do prepare their taxes for free. The cost of having another person prepare taxes varies. Quotes can be given in advance by asking the company or individual.
First of all, we need to understand what is explicit cost and implicit cost. Explicit cost mean real expenses, while implicit cost mean opportunity cost. In accounting profit, we only minus explicit cost, while in economic profit we minus explicit cost and implicit cost. therefore accounting profit is higher than economic profit.
Explicit cost and Implicit cost are the two dimensions of cost What role does cost play in financial decisions?
explicit environment cost include the direct cost of modifying technology and processes, costs of clean up, disposal costs, fines by govt. agencies etc.
explicit environment cost include the direct cost of modifying technology and processes, costs of clean up, disposal costs, fines by govt. agencies etc.
discretionary
Indirect taxes are a form of cost that goes into the final cost of the end product. Direct taxes paid would be sales taxes and such, but indirect taxes would be taxes paid by the manufacturer of goods that ultimately goes into the cost of goods sold.
Explicit cost is how much something costs to buy or to run. This is the cost only, with nothing else added. To find that cost, simply look up how much the product costs.
Indirect taxes are a form of cost that goes into the final cost of the end product. Direct taxes paid would be sales taxes and such, but indirect taxes would be taxes paid by the manufacturer of goods that ultimately goes into the cost of goods sold.
no....its a fixed cost
$19.99 + Taxes. It should cost from around 20-25 bucks with taxes.
$19.99 + Taxes. It should cost from around 20-25 bucks with taxes.
How do firms incorporate opportunity cost to calculate economic cost? discuss and give example using an explicit economic cost and an implicit economic cost.