Difference between implicit costs and explicit costs
What is the difference between implicit costs and explicit costs? Are both really costs? Explain
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when purchasing merchandise on account for say $88,000, but you pay $67,000 cash on the $88,000 due. Your sales are $145,000, and the ending inventory is $24,000 what would the gross profit be?
A person starts her own business. She quits her $40,000 a year job, rents an office for $15,000 a year, pays wages and salaries of $50,000 a year, utilities of $4,000 a year, and materials of $20,000. She uses her own car for sales work rather tha
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Write an expression describing total revenue from tickets plus popcorn plus other concessions. Forecast total revenues for regular and special Tuesday-night pricing.
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