Describe opportunity cost?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (14 reviews)
Opportunity cost Opportunity cost mean the profit income or advantageous tha...View the full answer
Answered By
GERALD KAMAU
non-plagiarism work, timely work and A++ work
4.40+
6+ Reviews
11+ Question Solved
Related Book For
Question Posted:
Students also viewed these Cost Accounting questions
-
The following terms are used to describe various economic characteristics of costs. a. Opportunity cost b. Out-of-pocket cost c. Sunk cost d. Differential cost e. Marginal cost f. Average cost...
-
Several costs incurred by Bay view Hotel and Restaurant are given in the following list. For each cost, indicate which of the following classifications best describe the cost. More than one...
-
The Department of Natural Resources is responsible for maintaining the states parks and forest lands, stocking the lakes and rivers with fish, and generally overseeing the protection of the...
-
Abardeen Corporation borrowed $90,000 from the bank on October 1, 2016. The note had an 8percent annual rate of interest and matured on March 31, 2017. Interest and principal were paid in cash on the...
-
As originally constructed, the center span of the George Washington Bridge consisted of a uniform roadway suspended from four cables. The uniform load supported by each cable was w = 9.75 kips/ft...
-
Find the stability of the equilibria of the following autonomous differential equations that include parameters. Suppose that a > 0. dx dt
-
Refer to Example 11.2 and the simple linear regression of the drug reaction data in Table 11.1. a. Compute an estimate of s. b. Give a practical interpretation of the estimate. LO9
-
The Finance Director of the City of Wrong Way has asked for your assistance in reviewing the Statement of Net Position that he has prepared for the year ended June 30, 20X9. The statement is shown...
-
mobile) A Ontario Company has two divisions, the Domestic Division and the International Division Last year, the Domestic Division earned operating income of $360,000 using average operating assets...
-
Tree Top Company is a service based company that rents canoes for use on local lakes and rivers. At the beginning of the new year, Tree Top Company decided to carry and sell T-shirts with its logo...
-
What is the return on assets ratio?
-
Why not use Sales in the Inventory Turnover Ratio ?
-
Imagine that you work as a data analyst for a technology company and have prepared a presentation about data security. Youll deliver your presentation to employees in three countries in addition to...
-
1. A corn farmer has observed the following distribution for the number of ears of corn per cornstalk. Ears of Corn Probability 1 2 3 4 .3 .4 .2 .1 Part A: How many ears of corn does he expect on...
-
1. A mass m on a vertical spring with force constant k has an amplitude of A. Using the top of the motion as the origin for both gravitational potential energy and spring potential energy: (a) Find...
-
2. Consider the PDE Utt - Uxx + Ut - Ux = 0 (1) for < < and 0
-
On April 1, 2024, Chardonnay pays an insurance company $12,480 for a two- year fire insurance policy. The entire $12,480 is debited to Prepaid Insurance at the time of the purchase. Record the...
-
Which retailer(s) should represent and sell your product?Why?In terms of their range of distribution coverage, is your retailer intensive, selective and exclusive? Why is this aspect important to...
-
Bell and Green are forming a partnership. Bell invests $104,000 and Green invests $156,000. The partners agree that Bell will work one-fourth of the total time devoted to the partnership and Green...
-
Identify the most stable compound:
-
Maddox Resources has credit sales of $ 1 8 0 , 0 0 0 yearly with credit terms of net 3 0 days, which is also the average collection period. Maddox does not offer a discount for early payment, so its...
-
Selk Steel Co., which began operations on January 4, 2017, had the following subsequent transactions and events in its long-term investments. 2017 Jan. 5 Selk purchased 50,000 shares (25% of total)...
-
Equipment with a book value of $84,000 and an original cost of $166,000 was sold at a loss of $36,000. Paid $100,000 cash for a new truck. Sold land costing $330,000 for $415,000 cash, yielding a...
Study smarter with the SolutionInn App