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Give three examples of direct costs associated with fire losses Give three examples associated with indirect fire losses?
An example of direct loss would be Loss of life,loss of structure, and loss or vehicle. An example of indirect loss would be unemployment, reduced property value, reduced tax base.
Standard costs are used to measure?
price and quantity variance
Describe typical critriia that determine work methods for routine types of projects?
General and administrative costs and Direct costs are the criteria that determine work methods for routine types of projects.
What are examples of speech to inform?
Speech to inform uses statements to convey facts. Examples at home: I expect your room to be cleaned before we go shopping at 3 p.m. Dinner is at 5:30 p.m. Your mother will pick you up today after school. You cannot watch television until you finish your homework. Examples at school: Put away your art supplies and open your English books to page 121. You will have 55 minutes to complete this test. Elephants, even baby elephants, have fully formed trunks. Christopher Columbus sailed in 1492. The North won the US Civil War. Examples at work or with customers: Each backpack costs $15.00 plus tax. We open at 9 a.m. and close at 6 p.m. Employees can eat in the lunchroom or go out to eat. Everyone is expected to dress professionally. We give cash on returns, only if you paid in cash. We must complete a Return Form for each returned item. We do not accept returns under any circumstance.
How much would 3.5 meters cost if 1 linear meter costs 22.66?
79.31
Describe the differences between implicit costs and explicit costs?
Explicit costs are those that are a result of a product. Implicit costs are costs that are associated with a product, but they can't be directly linked to the product.
What is an example of a recurring expense for a household budget?
An example of a recurring expense for a household budget is the rent or mortgage. Other examples are food costs, the phone bill and electricity costs.
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 are implicit and explicit?
Explicit costs are payments the firm makes for inputs such as wages and salaries to its employees, whereas implicit costs are non-expenditure costs that occur through the use of self owned resources such as foregone income.
How is an implicit finance charge calculated?
Implicit costs are opportunity costs which occurs due to a selection of choice. Suppose you want to deal with Client A instead of Client B. The implicit charge would be the amount you would have earned, had you worked with Client B.
The explicit costs of going to college include?
Tuition costs and the cost of books, whereas the implicit costs include foregone income.
What are the example explicit and implicit costs?
kamukha mo si oding
The sum of the explicit and implicit costs incurred in the production process is called?
Fixed
Is chocolate fair trade always fair and why?
No, because there are implicit costs to the chocolate trade fair
Accounting profits are typically?
greater then economic profits,as accounting profits do not include implicit costs
Examples of non relevant cost?
Examples are Sunk Costs, Fixed costs and Allocated Costs.
Difference between imputed and implicit cost?
According to the "Bible" for accounting terminology, Barron's Dictionary of Accounting Terms, 5th Edition, they are the same. In fact, when you look up implicit cost, it refers you to imputed cost. This is the definition of imputed cost: "A cost that is implied but not reflected in the financial reports of the firm: also called implicit cost. Imputed costs consist of opportunity costs of time and capital that the manage has invested in producing the given quantity of production and the opportunity costs of making a particular choice among the alternatives being considered."
