Explain what is meant by explicit, implicit, and sunk costs. How are they used to calculate accounting profit and economic profit? Give an example of an implicit cost, and explain why (or why not) the cost needs to be considered. Provide an example of ...
For those who want to transfer moneyout ofChina, there are quite a few more regulatory hoops you’ll need to jump through. While there is technically no limit, you will have to prove to China that you’ve paid all applicable taxes before the money can be transferred. Even if you’ve p...
Part 2: How to Find IMEI Number on Your Device? If you find it a bit troublesome to find the IMEI tracking number on the battery. There are also other simple ways to do it: Method 1: Dial a simple code *#06# Open your phone app and type in *#06# and hit the call button. Th...
I was very lucky. Prof van Tamelen gave us all a lot of freedom--he didn’t lay down explicit directions about what to do in the lab. This helped me develop independence and confidence and maturity. When I was...
Learn about the 4 CSAT metrics that matter the most to improving your customer experience! Download our free template to start capturing these metrics.
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Let’s look at some practical ways of making the most of them when it comes to good customer stickiness: 1. Collect Targeted Feedback The cost of acquiring new customers is steadily rising, so retaining the ones you currently have is more important now than ever. ...
Though the depreciation of an asset cannot be tangibly traced, it is nevertheless an explicit cost, as it is linked to the cost of the underlying company asset. Understanding Explicit Costs Explicit costs—also known as accounting costs—are easy to identify and link to a company’s business a...
How Do You Find the Operating Profit Margin? The operating profit (or operating income) can be found on the income statement or calculated as: Revenue - Cost of Goods Sold - Operating Expenses - Depreciation - Amortization It is theprofit left after deducting the costsof running the business....