What is the tax basis of whole life policies which do not have explicit cost
of insurance charges?
Unlike universal life, whole life policies work differently and there are no explicit cost
of insurance charges for whole life.
Instead, I suggest exploiting the existence of the less ambiguous and controversial terms implicit cost and explicit cost
420) categorize the bid-ask spread as an explicit cost
and Huang (2013, p.
Foreign currency loans have a visible, explicit cost
, but also a hidden, uncertain cost component, and this is what triggers abusive clauses.
The cost savings related to the audit "is not just the explicit cost
of paying the auditor, but somebody inside the company has to take time out of his or her schedule to work with the auditor," Power says.
Porras states that the explicit cost
of capital is the rate of return of the cash flows generated by the financing opportunity (the equity cost is the cost of opportunity).
Any explicit cost
of such services including remuneration of experts/advisors shall be borne by NIBP funded by UNDP.
Even though various costs are included in the expense ratio, most of these expenses could be associated with cost of financial market research, as Indro et al (1999) considered expense ratio to reflect the fund manager's explicit cost
She contends that current salaries yield insufficient payback, because of the explicit cost
of additional education and the opportunity cost of a year of foregone salary, both assertions agreed to wholeheartedly by the author.
Dynamics: An Alternative to Activity-Based Costing.
2 To capture the cost of holding money in a static model, one must introduce an explicit cost
, as in the Appendix in Gokcekus and Tower (1997).