Question: b.Classify the following costs as explicit or implicit.Explain your answer Nike spent 1 billion on advertising expenditure Jim's spends 5 hours a week maintaining his

b.Classify the following costs as explicit or implicit.Explain your answer

  • Nike spent 1 billion on advertising expenditure
  • Jim's spends 5 hours a week maintaining his trucks he uses in his business.
  • BHP paid interest on company issued bonds
  • Rio Tinto spent 200 million on executive salaries.

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