Give an example of an opportunity cost that an accountant might not count as a cost. Why

Question:

Give an example of an opportunity cost that an accountant might not count as a cost. Why would the accountant ignore this cost?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Principles Of Microeconomics [Australia And New Zealand Edition]

ISBN: 9781337408066

6th Edition

Authors: Joshua Gans, Stephen King, Martin Byford, N. Gregory Mankiw

See More Books

Question Posted: Nov 02, 2024 04:01 AM

See More Questions

. Define the following terms: total revenue, total cost, profit, explicit costs, implicit costs, economic profit, accounting profit, production function, marginal product, diminishing marginal...
Module 11. PRODUCTION & COST CONCEPTS 1. What is the relationship between a firm's total revenue, profit, and total cost? 2. Give an example of an opportunity cost that an accountant might not count...
Give an example of an opportunity cost that an accountant might not count as a cost. Why would the accountant ignore this cost?
Presented below is Trident Company's Income Statement prepared on the traditional (functional) basis: Requirement 1: Replace the two unknown amounts (?) in A. and B. as directed. To find the unknown...
How does materials requirement planning support the purchasing process? What are some of the issues and complications that arise in materials requirement planning?
A particle with charge 2.15µC and mass 3.20 X 10-11 kg is initially travelling in the +y-direc1ion with a speed U0 = 1.45 X 105 m/s. It then enters a region containing a uniform magnetic field...
Give an example of an opportunity cost that an accountant might not count as a cost. Why would the accountant ignore this cost?
Presented below is information related to the sole proprietorship of Alice Henning, attorney. Legal service revenue2017 ........ $ 335,000 Total expenses2017 ............ 211,000 Assets, January 1,...
Features of a brand, such as convenience, reliability, durability, and economy, appeal to a consumer's desire for functional benefits. emotional benefits. esteem. aesthetic satisfaction.
What is the relationship between a firms total revenue, profit and total cost?
What is marginal product? What does it mean if marginal product is diminishing?
Four kilograms of water at 25C are heated at constant pressure, as in Fig. 2.31, until it is saturated liquid at 120C. Approximate its change in volume.
Which table would you use to determine how much you will have five years from now if you deposit $10,000 today at 8% compounded annually? O Future value of an annuity due of 1 O Future value of 1 or...
In the scenario of the previous problem, Southeasterns management wants to streamline communications by requiring each distribution center to be served by just one warehouse. When this requirement is...
I need help with the annotated bibliography for social studies resources for teachers and resources for students. Assignment Content Social studies is a broad subject area, and there are many...
A semiprofessional baseball team near your town plays two home games each month at the local baseball park. The team splits the concessions 50/50 with the city but keeps all the revenue from ticket...
Stolte Trimble Corporation (STC) uses a perpetual inventory system. At the beginning of May, STC had 30 units of inventory, of which 10 units were purchased in March for $60 per unit and 20 units...
You are considering the purchase, for $15,000, of an annuity that pays $2500 per year for the next 10 years. You want to have a real rate of return of 5%, and you estimate inflation will average 6%...
Consider the combustion of methanol below. If 64 grams of methanol reacts with 160 grams of oxygen, what is the CHANGE in volume at STP. 2CH3OH(g) + 3O2(g) 2CO2(g) + 4H2O(1) The volume decreases by...

Give an example of an opportunity cost that an accountant might not count as a cost. Why

Question:

Step by Step Answer:

Principles Of Microeconomics [Australia And New Zealand Edition]

Students also viewed these Business questions