Definition of Implicit Cost An implicit cost is present but it is not initially shown or reported as a separate cost
网络显成本和隐含;外显成本和隐含成本 网络释义
,wages, materials, etc. An explicit cost can be recurring, or it can be a one-off expense. Likewise, it can be predictable, like therent, or it can vary from time to time, like the electric bill. Less commonly, an explicit cost is called an outlay cost. See also:Implicit cost....
Implicit Cost:指厂商自己提供的资源所必须支付的费用。 Sunk Cost:当成本已经发生而且无法收回时,这种成本叫做沉淀成本。 Normal Profit:则是业主自有资源的机会成本,通常包括企业主对自己提供的企业家才能所支付的报酬或者还有对自己提供的其他自有资源(资金、设备等)的报酬; Economic Profit:是从销售收入中扣除机会成本...
Implicit Cost Definition, Types & Examples from Chapter 22 / Lesson 31 86K Learn the implicit cost definition and compare implicit cost vs. explicit cost. Study implicit cost examples and how the two types of implicit costs are calculated. Related...
Implicit cost is also known as economic cost and does not require an outflow of cash from the business. Implicit cost is the value of the sacrifice made by the company at the time of conducting some other action. The cost arises when the asset is utilized as a factor of production instea...
Yes,total opportunity cost = explicit costs + implicit costs机会成本=外显成本+隐含成本外显成本意即实际支出 隐含成本则为时间 效益等…---normal profits 正常利润:成本的一个组成部分,支付给企业家资本投资的报酬.accounting profits 会计利润:由财务会计 根据会计准则计算出的利润,运用了大量的估计和判断.正常...
It is an important element in audits and accounting. It is the opposite of implicit cost; a non-tangible expense—also known as opportunity cost. Accountants focus on explicit expenses for cost management and strategic planning.Explicit Cost Explained Explicit costs, also known as explicit ...
Explicit Cost Definition, Importance & Examples from Chapter 8 / Lesson 14 27K Learn what explicit cost is. Explore explicit cost examples, how explicit cost affects businesses, and what the differences are between explicit and implicit cost. Related...
An explicit cost is a defined dollar amount that appears in the general ledger, while an implicit cost is not initially shown or reported as a separate cost. Companies use both explicit and implicit costs when calculating a company’seconomic profit, which is defined as the total return a com...