Is the opportunity cost of an item in your inventory correctly measured by what you paid for
Question:
Is the opportunity cost of an item in your inventory correctly measured by what you paid for it in the past? What difference does it make whether you intend to replace that item in your inventory?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (10 reviews)
a Only the base cost that you pay to obtain an item is releva...View the full answer
Answered By
James Warinda
Hi! I’m James Otieno and I'm an experienced professional online tutor with countless hours of success in tutoring many subjects in different disciplines. Specifically, I have handled general management and general business as a tutor in Chegg, Help in Homework and Trans tutor accounts.
I believe that my experience has made me the perfect tutor for students of all ages, so I'm confident I can help you too with finding the solution to your problems. In addition, my approach is compatible with most educational methods and philosophies which means it will be easy for you to find a way in which we can work on things together. In addition, my long experience in the educational field has allowed me to develop a unique approach that is both productive and enjoyable.
I have tutored in course hero for quite some time and was among the top tutors awarded having high helpful rates and reviews. In addition, I have also been lucky enough to be nominated a finalist for the 2nd annual course hero award and the best tutor of the month in may 2022.
I will make sure that any student of yours will have an amazing time at learning with me, because I really care about helping people achieve their goals so if you don't have any worries or concerns whatsoever you should place your trust on me and let me help you get every single thing that you're looking for and more.
In my experience, I have observed that students tend to reach their potential in academics very easily when they are tutored by someone who is extremely dedicated to their academic career not just as a businessman but as a human being in general.
I have successfully tutored many students from different grades and from all sorts of backgrounds, so I'm confident I can help anyone find the solution to their problems and achieve
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
What is the opportunity cost of an extra 10h shift at work, if your alternatives are to spend a maximum of 4h with friends at a bar (valued at 30$/h), doing problem sets for a maximum of 2h (valued...
-
What is the opportunity cost of seeing a movie?
-
What is the opportunity cost of the economics profession?
-
The binding constants for Mg2+ and Ca2+ are too similar for the species to be determined independently by titration without proper treatment. When a dilute NaOH solution is added to the tap water...
-
In general, if the price of the underlying stock is going up, what will happen to the price of a put option? Briefly explain.
-
There is a .95 probability that the population mean is between 3 and 6. Why is this conclusion about a confidence interval inappropriate?
-
3. Encumbrance accounting is designed to: a Prevent overspending of amounts appropriated b Replace expenditure accounting for governmental organizations c Prevent excessive appropriations d Prevent...
-
Nintendo Company, Ltd., reports the following financial information as of, or for the year ended, March 31, 2013. Nintendo reports its financial statements in both Japanese yen and U.S. dollars as...
-
please explain in easy terms, thanks. What does it mean to have a ( WACC) a that is lower & a(CAPM) that is for the higher same stock
-
If you sold an asset for more than you paid for it but less than it will cost to replace, did you earn a profit on the sale?
-
What happens to the cost of growing strawberries on your own land if a housing developer offers you three times what you thought your land was worth?
-
The wing of a bird and the arm of a human are examples of ________. a. Vestigial structures b. Molecular structures c. Homologous structures d. Analogous structures
-
Perpetual Inventory Control Record Description: M & B Supreme Date Purchase Received Issued Sales Units Unit Cost June 1 Balance forward 3 $10.00 4 2 6 8 9 $10.50 9 12 32 3 6 2 4 15 6 10 $11.00 18 20...
-
A rectangular footing of size 4m by 5m is founded at 2m below ground level in a uniform deposit of saturated clay. The footing is designed to support a total vertical load of 8000 kN inclusive of the...
-
P6.2 At the start of Tom Stoppard's "Rosencrantz and Guildenstern are dead" 1, Rosencrantz finds a coin. Guildenstern watches as Rosencrantz repeatedly tosses the coin and every time it comes down...
-
For the data: 9 5 10 7 9 10 11 8 12 769 a) Compute the z-score for the raw score of 10 b) Find the raw score that corresponds to z=+1.22
-
(11%) Problem 7: After a bad thunderstorm, a loose power line comes to rest on a parked van. The van is insulated from the ground by its tires, and accumulates an electric charge of Q = 0.0012...
-
Consider the rod in Figure P9.22, but now assume it starts from rest in the ???up??? position (i.e., pointing vertically upward from the hinge). If the rod is then given a very small push, what is...
-
Jax Incorporated reports the following data for its only product. The company had no beginning finished goods inventory and it uses absorption costing. $ 57.30 per unit $ 10.30 per unit $ 7.80 per...
-
Potatoes cost Janice $1 per pound, and she has $5.00 that she could possibly spend on potatoes or other items. If she feels that the first pound of potatoes is worth $1.50, the second pound is worth...
-
Erin grows pecans. The number of bushels (B) that she can produce depends on the number of inches of rainfall (R) that her orchards get. The relationship is given algebraically as follows: B = 3,000...
-
Do you think that the nature of the problems the DVCs face requires a government-directed or a private-sector directed development process? Explain your reasoning.
-
Problem 12.6A (Algo) Liquidation of a partnership LO P5 Kendra, Cogley, and Mel share income and loss in a 3.21 ratio (in ratio form: Kendra, 3/6: Cogley, 2/6; and Mel, 1/6), The partners have...
-
Melody Property Limited owns a right to use land together with a building from 2000 to 2046, and the carrying amount of the property was $5 million with a revaluation surplus of $2 million at the end...
-
Famas Llamas has a weighted average cost of capital of 9.1 percent. The companys cost of equity is 12.6 percent, and its cost of debt is 7.2 percent. The tax rate is 25 percent. What is the companys...
Study smarter with the SolutionInn App