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...
After gaining insight into both types of costs,i.e., explicit and implicit costs, let’s look at the explicit cost vs implicit cost. Explicit Cost Vs Implicit Cost The following are the differences between explicit cost and implicit cost: Meaning Explicit costs occur when the company pays for...
it does have animplicitcost: lost sales. As another example, a business may have a manager train a new employee. The company of course pays theexplicitcostof the manager’s salary, but there is also the unrecordedimplicitcostof time, productivity, andprofitconsidered to be lost during the ...
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...
Answer to: Explain the difference between implicit and explicit costs. Give two examples of when an explicit cost is different from an implicit...
Implicit Cost Definition, Types & Examples from Chapter 22/ Lesson 31 88K 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. ...
网络显成本和隐含;外显成本和隐含成本 网络释义
opportunity cost 分为 opportinity cost of time 和 opportunity cost of financial captical,两者都属于 implicit cost， 而 implicit cost 和 emplicit cost 的关系是 economic profit =revenues-emplicit cost-implicit cost=accounting profit-implicit cost ...
However, when managers invest time in training subordinates, the cost is intangible—there is no cash outflow. Therefore, training is not an explicit expense. Explicit Cost Formula There is no specific formula for computing the explicit cost. It is the aggregate of all the business expenses ...
An implicit cost is any cost that has already occurred but is not necessarily shown or reported as a separate expense. It represents anopportunity costthat arises when a company uses internal resources toward a project without any explicit compensation for the utilization of resources. This means w...