Explicit costs are direct, out-of-pocket expenses that a company incurs during its operations. These costs are easily identifiable and measurable, typically involving monetary transactions. Explicit ...

Implicit and explicit business transactions relate to a company's opportunity costs and cash expenditures. A business incurs explicit costs from a variety of sources, including hiring workers and ...

In most lending arrangements, borrowers are required to make both principal and interest payments. While loan rates are often clearly stated, in many lending arrangements the interests rates are ...