Why should irrelevant costs and revenues be omitted from a decision analysis?
Question:
Why should irrelevant costs and revenues be omitted from a decision analysis?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 0% (1 review)
In decision analysis it is crucial to focus on relevant costs and revenues while omitting irrelevant ones to make informed and effective decisions The ...View the full answer
Answered By
Mary Njunu
I posses Vast, diversified knowledge and excellent grammar as a result of working in ACADEMIC WRITING for more than 5 years. I deliver work in various disciplines with assurance of quality work. I purpose at meeting the clients’ expectations precisely. Let’s work together for the best and phenomenal grades.
4.90+
928+ Reviews
2551+ Question Solved
Related Book For
Accounting Information For Business Decisions
ISBN: 9780170253703
2nd Edition
Authors: Billie Cunningham, Loren A. Nikolai, John Bazley, Marie Kavanagh, Geoff Slaughter, Sharelle Simmons
Question Posted:
Students also viewed these Business questions
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
Miskatonic University is a small liberal arts university with an excellent academic reputation; the school is known for its unique course offerings and its well-respected programs in what the...
-
1 - Why are historical or past data irrelevant to special decisions? A. Past data require two or more alternative courses of action. Without such alternatives, past data are irrelevant. B. Past data...
-
Consider a random walk consisting of equi-probable p = q = 1/2 steps in left or right directions. However the step length at ith step is given by e-, i = 1,2,3..... N, with > 0 a constant. Calculate...
-
T. C. Chiang considered several time series forecasting models of future foreign exchange rates for U.S. currency (The Journal of Financial Research, Summer 1986). One popular theory among financial...
-
Repeat Exercise E7.4, but allow the user to specify the file name on the commandline. If the user doesnt specify any file name, then prompt the user for the name. Data from Exercise E7.4, Write a...
-
The Gulf Shore Blue Crabs minor league baseball team wants to create a new identification system for its season ticket holders using information in the file bluecrabs. The file contains the first and...
-
Callahan (2009) conducted a study to evaluate the effectiveness of physical exercise programs for individuals with chronic arthritis. Participants with doctor-diagnosed arthritis either received a...
-
Mars has two moons, Phobos and Deimos. Deimos has a period of 30 h 18 min and a mean distance from the centre of Mars of 2.3 x 104 km. If the period of Phobos is 7 h 39 min, what mean distance is it...
-
What is the difference between incremental costs and avoidable costs?
-
Since past costs are irrelevant in decision making, why do you think keeping past cost records can be helpful in the decision-making process?
-
Let X be a random variable with the following CDF a. Plot FX(x) and explain why X is a mixed random variable. b. Find P(X 1/3). c. Find P(X 1/4). d. Write CDF of X in the form of FX(x) = C(x)...
-
Oriole provides environmentally friendly lawn services for homeowners. Its operating costs are as follow Depreciation Advertising $1,500 per month $100 per month Insurance $4,035 per month Weed and...
-
Kingbird Company's ledger shows the following balances on December 31, 2025. $201,000 6% Preferred stock-$10 par value, outstanding 20,100 shares Common stock-$100 par value, outstanding 31,700...
-
Many of the collective agreement clauses used as examples in thistext were gathered using Negotech (see http://negotech.labour.gc.ca). This database is an excellent way for labour and business...
-
1. A metal sphere of radius ro is kept in an oven for a long time until the temperature is a uniform T. It is removed and exposed to ambient air at T and a convection coefficient of h. Radiation is...
-
1000 2 and RL 1000 . Assume the diode temperature is 300 K. For purposes of Q-point analysis, assume a constant diode voltage of 0.7 V. Find the Q-point value of the diode current and the voltage...
-
A tall, cylindrical chimney falls over when its base is ruptured. Treat the chimney as a thin rod of length 55.0 m. At the instant it makes an angle of 35.0
-
Air pollution generated by a steel mill is an example of a) a positive production externality. b) a negative production externality. c) a public good. d) the free-rider problem. State and local taxes...
-
The ABC Company performs its expenditure cycle activities using its integrated ERP system as follows: Employees in any department can enter purchase requests for items they note as being either out...
-
What internal control procedure(s) would best prevent or detect the following problems? a. A production order was initiated for a product that was already overstocked in the companys warehouse. b. A...
-
Use Table to create a questionnaire checklist that can be used to evaluate controls for each of the basic activities in the production cycle (product design, planning and scheduling, production...
-
Draw the resonance forms. ( Hint: there are a total of threegood resonance forms, includingfirst one provided above. ) Please answer and explain why! I will rate + H-C=C-C=NH2 HHH (Hint: there are a...
-
Hydrochloric acid, HCI, reacts with water to form Cl and H3O+. Which of the following is TRUE when the acid is first added to water at T=298 K?
-
Calculate percentage by mass of hex on gono in a mixture containing 6 . 2 2 g of this compound and 1 8 4 6 0 octane. 2 - Calculate the molarity of NaCi ( mm 5 8 5 g / mol in a solution solution...
Study smarter with the SolutionInn App