Explicit cost is also referred to as out-of-pocket costs. At the same time, the implicit cost is referred to as imputed or opportunity cost. Determining Costs Explicit costs can be determined easily. However, i
Opportunity Cost:在企业生产领域,某项生产上的机会成本是将投入用于该项目而放弃用于其他用途上可能得到的最大收益。Explicit Cost:指厂商在生产要素市场上购买或租用所需的生产要素的实际支出。这些支出是在会计账上作为成本项目记入账上的费用,包括支付给劳动力的工资、购买原材料、燃料、动力和运输等所支付的费用,以...
To remember the difference, remember that theex-inexplicitcomes from the prefix meaning “out,” and theim-inimplicitcomes from the prefix meaning “in.” If something’sexplicit, a person comes right out and says it; if something’simplicit, the true meaning is in someone’s head. The wo...
Answer to: Explain the difference between implicit and explicit costs. Give two examples of when an explicit cost is different from an implicit...
Give 2 examples of when an explicit cost is different from an implicit cost. Explain the differences between explicit and implicit costs. Give examples of each. Explain the difference between explicit and implicit costs of production. What is the difference between...
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 ...
网络显成本和隐含;外显成本和隐含成本 网络释义
Economic profit equals all a company’s revenue minus its total cost. Total cost includes both implicit and explicit costs. Regarding thedifference between these two types of profit, theKhan Academywrites: “The difference is important. Even though a business pays income taxes based on its accoun...
terms of cost per Increment, it is costly for implicit andcheaper for explicit. Disk space and ...
. 3. In terms of cost per Increment, it is costly for implicit andcheaper for explicit. Disk ...