Depending upon the payment, costs are categorized into two categories; Explicit Costs and Implicit Costs. Explicit cost is actually sustained by the organization during production, whereas the implicit cost is not directly incurred by the organization, these cost are implied in nature which do not involve a cash payment. The explicit is also known as …
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Way to Analyze and Improve Asset Turnover Ratio
The asset turnover ratio is an efficacy ratio that measures a company’s capability to produce sales from its assets by equating net sales with average total assets. In other words, this shows how professionally a company can use its assets to create sales. Analyzing is based on reaching the recent market trend and podcasting the …
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