Q1: explicit costs and implicit costs concepts Explicit Cost Explicit cost is defined as the direct payment which is supposed to be made to others while running business. This includes the wages‚ rents or materials which are due in the contract. The explicit cost is the expense done in business which can easily be identified and accounted for in the business at any stage. The explicit cost represents the out flows of cash in clear and obvious terms. When any out flow of credit occurs in a business
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other on a deep level and have an emotional‚ spiritual‚ and physical connection. But what happens when someone marries without connecting on all those levels. Is it possible to find a marriage partner without checking off each section? For many it would be difficult to fathom the idea of marrying someone without really getting to know them‚ but for others all it takes is for a quick internet search or a phone call and they have their bride to be. Even though it may seem as simple as a quick click
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’’’Cost of living’’’ is the [[cost]] of maintaining a certain [[standard of living]]. Changes in the cost of living over time are often operationalized in a [[cost of living index]]. Cost of living calculations are also used to compare the cost of maintaining a certain standard of living in different geographic areas. Geographic differences in cost of living can be measured in terms of [[purchasing power parity]] rates. ==Cost-of-living adjustment (COLA)== Employment contracts‚ pension benefits
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Importance Of Following Orders In order to be successful in any career one must be able to listen and take to heart the importance of what they are learning and doing throughout their lives; this has significance in both the military and civilian life. In order to do that you must follow whatever your superiors say‚ like when you are at your civilian job and your boss tells you to clean the bathroom. You have to be able to just do what you’re told so the job gets done‚ and you are also
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a social context but most often you are bound by a set of rules of conduct. These are part of the invisible social order. Still on a street‚ or perhaps in other social contexts‚ gazes may be misinterpreted‚ According to Foucault‚ power works in subtle ways through discourse – what can be talked about – to shape popular attitudes. These discoursesChapter 7 Making social order Chapter 4 of this book also talked about ‘discourses’ in relation to questions of identity. Here the focus is the
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creation of individual cost pools that will use direct labor hours (DLH)‚ material handling (MH)‚ and number of shipments (NS) as cost drivers. Data on the cost pools and respective driver volumes follow. Product Alpha Gamma Pool Cost Pool No. 1 (Driver: DLH) 200 1800 $420‚000 Pool No. 2 (Driver: MH) 15 10 $375‚000 Pool No. 3 (Driver: NS) 2‚000 18‚000 $20‚000 1. The overhead cost allocated to Alpha by using traditional costing procedures would be: a. $84‚000 b. $356
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Sunk costs are costs that are irrecoverable. It’s something that you already spent and that you won’t get back‚ regardless of future outcomes. And remember that the greatest example of sunk cost you pay is with your own time‚ and which you will not be able to recover: all that you lived up until now is gone — you just can’t reclaim that time. Stop clinging to the past and make the most of your life right now. One of the most important lessons about economic costs is that sunk costs are sunk
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pre-determined cost structure to account for and control expenses. WaMu primarily realizes transaction costs‚ fixed costs‚ and variable costs. Because WaMu doesn’t provide free services per-say‚ the sunk costs of the structure are fairly minimal. Transaction costs constitute the next smallest portion of WaMu’s cost structure. WaMu is free of infrastructure based transaction costs like those that smaller retailers who use point of sale services might incur. The primary transaction costs are the commissions
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; ’Cost of Living’ Stipends for Student-Athletes Are Just‚ But Cheating Will Continue hsjnb c c My first issue that i chose was a national issue that has been common theme of talk in the college ranks College players getting paid to play sports. In the article it states the facts on why they should not get paid and really states the proper way to compensate college athletes. This is an issue that we talked about in the class and it really interested
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have chosen to analyze a popular and time tested television show‚ Law and Order. I chose Law and Order for several reasons‚ the most obvious of which was that assumedly it would be a breeding ground for soft toned racial discrepancies. Also‚ I saw a show revolving around conflict a more entertaining choice for analysis‚ as it would provide for a hopeful plethora of material to critique. In theory I hoped Law and Order would be a suitable source for an argument that television and entertainment‚ like
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