Janice Rankin bought an LCD flatscreen television on January 15, 2010, for $2,950, paid in full. It

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Janice Rankin bought an LCD flatscreen television on January 15, 2010, for $2,950, paid in full. It is a 55-inch Samsung model UN55B8000 with 1920x1080 resolution. Now (that is, on today’s date), Janice wonders whether it was the correct decision to purchase the TV. What is the opportunity cost Janice incurs by continuing to use the TV? Form groups of three to five students and estimate the opportunity cost. Search the internet for evidence to support your answer.

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Management Accounting

ISBN: 978-0132570848

6th Canadian edition

Authors: Charles T. Horngren, Gary L. Sundem, William O. Stratton, Phillip Beaulieu

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