What are Explicit Costs?

9. What are Explicit Costs?

  1. The excess of estimated future profit than the normal profit
  2. The amount of consolidated net income of the Company for such Financial Year
  3. A profit metric that takes into consideration both explicit and implicit costs
  4. Normal business costs that appear in the general ledger

Answer: D) Normal business costs that appear in the general ledger

Explanation:

Explicit expenses are typical business costs that show up in the overall record and straightforwardly influence an organization's benefit. Express expenses have plainly characterized dollar sums, which move through to the pay explanation. Instances of express expenses incorporate wages, rent instalments, utilities, unrefined components, and other direct expenses.

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