It takes your body around 1 hour to process 1 Unit of Alcohol, so that's about half a pint of beer or one 25 ml shot or 2/3 of a 125 ml glass of wine. That number is for people with a healthy liver.
The following are the major differences between explicit cost and implicit cost. 1  Explicit Cost is incurred when the entity has to pay for the utilisation of factors of production. Implicit Cost is the opportunity cost, which is incurred when the entity uses the ownerâs resources like capital inventory etc.
Divide the inventory costs by the average inventory value. Calculate average inventory value by adding beginning inventory to ending inventory (monthly, quarterly or annually) and dividing by 2. For instance, if average inventory is $50,000 and inventory costs are $5,000, then the answer is 10 percent.