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Question
The explicit costs arise when _____________.
The explicit costs arise when _____________.
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Solution
The correct option is A Funds are raised
An explicit cost is a cost that occurs, is easily identified, and is accounted for in the general ledger or financial statements. It represents clear, obvious cash outflow that reduces a company's bottom-line profitability. Examples of explicit costs would be items such as wage expenses, rent, or lease payments.
An explicit cost is a cost that occurs, is easily identified, and is accounted for in the general ledger or financial statements. It represents clear, obvious cash outflow that reduces a company's bottom-line profitability. Examples of explicit costs would be items such as wage expenses, rent, or lease payments.
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