Consider the following situation:

Alissa, a mechanical engineer recently quit her $$60,000/$year job and started her own business

She hired an assistant, paid for some marketing, sales and accounting services that cost her $$50,000$

Her utilities and other miscellaneous expenses amounted to $$10,000/$year

Alissa owns a small office and started using it for her new business instead of renting it to a tenant for $$10,000/$year

Her revenue for the first year was $$100,000.$ She estimates the cost of her time and efforts to $$60,000,$ but did not pay herself this first year.

At the end of the first year, she presents the report prepared by her accountant to her board of advisers

Profit and Loss Report

Income$/$Revenue: $$100,000$

Expenses

Labor$/$marketing$/$accounting $$50,000$

Utilities $$10,000$

Profit $$40,000$

Determine how Alissa's various costs should be categorized as explicit implicit or not an expense

Group of answer choices

Utilities

Marketing Cost

Foregone rent from the office building

Cost of Alissa's time

Accounting cost

Revenue