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Are depreciation charges implicit cost?
yes, depreciation is an implicit cost. but this implicit cost is added to total costs in calculating accounting profits.
What is implicit cost of capital?
the opportunity cost or value of the best by a business
Why does average cost include profit?
it doesn't cost is cost revenue is revenue
Why accounting profit is higher than economic profit?
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.
What is the difference between Cost of revenue and revenue?
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Are depreciation charges implicit cost?
yes, depreciation is an implicit cost. but this implicit cost is added to total costs in calculating accounting profits.
1 Explicit cost and Implicit cost are the two dimensions of cost What role does cost play in financial decisions?
Explicit cost and Implicit cost are the two dimensions of cost What role does cost play in financial decisions?
When was Uncollected created?
Uncollected was created in 500.
What is implicit cost of capital?
the opportunity cost or value of the best by a business
Why does average cost include profit?
it doesn't cost is cost revenue is revenue
How do you find percent of revenue for cost?
cost/revenue x100%
When was Uncollected Stars created?
Uncollected Stars was created in 1986.
Example of implicit cost?
There is almost an implicit assumption that tutors know about these things.
Why accounting profit is higher than economic profit?
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.
What is cost of revenue?
Cost of revenue is the amount spent to sell a company's products.
How do you find projected profit?
(Projected revenue) - (Extended Cost) (Projected revenue) - (Extended Cost)
What is the sales revenue if variable cost is 40000 and fixed cost is 30000 and break sale revenue is 40000?
Sales revenue = breakeven sales + Fixed Cost Sales revenue = 40000 + 30000 sales revenue = 70000 Prove Sales revenue = 70000 Less: V.C = 40000 Contribution Margin = 30000 Less:Fixed Cost = 30000 Profit (loss) = Nill
