Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Lindsay purchased a affle ticket for s5. Just before the grandprize drawing two peopletried to buy her ticket. hat is Lindsay's opportu nity cost of

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Lindsay purchased a affle ticket for s5. Just before the grandprize drawing two peopletried to buy her ticket. hat is Lindsay's opportu nity cost of keeping the ram. The first person offered S30, and another offered s9s w ticket? Select one: O A. $65 O B. $95 O C. $90 O D. $60 Which of the following is true regarding a responsibility accounting system? Select one: A. i is designed to measure the performance of managers n terms of contrllable cots B. It can be applied at any level of an organization. OC. It should not hold a manager responsible for costs over which the manager has no influence. O D. It assigns responsibility for costs to the appropriate managerial level that controls those costs. E. All of the above are true. From an economic perspective, a company's profit-maximizing quantity is found where: Select one: 0 A.the marginal c ith the demand curves he marginal ve h m OC. the total cost ourve intersects with the marginal cost ourve O D. the marginal revenue curve intersects with the demand curve. E. the total revenue curve intersects with the average revenue curve. For purposes of decision making, avoidable costs are costs that: Select one: O A. will be incurred in the future based on the alternative chosen. O B. differ between alternatives. O C. were not incurred in the past. D. All of the above are true. E. None of the above is correct. Select the correct statement regarding relevant revenues. Select one: O A. Revenues are not considered relevant in the same way as relevant costs. B. Relevant revenues must differ between the alternatives being considered. O C. Relevant revenues must make a difference in the decision under consideration O D. Past revenues are relevant. 0 E. None of the above statements is true O F. More than one of the above statements are true. Which of the following is a not an advantage of decentralization? Select one: A. Managers are motivated to improve productivity O B. Lower level managers are trained for increased responsibilities O C. Upper-level managers are able to concentrate on important decisions. O D. All of these are advantages of decentralization

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting The Ultimate Guide To Accounting For Beginners

Authors: Greg Shields

1st Edition

1546332820, 978-1546332824

More Books

Students also viewed these Accounting questions

Question

2. What is on the evaluation form.

Answered: 1 week ago