Which of the following is an economic cost, but not an accounting cost, for the owner of a business a the value of the owner s time devoted to the business b insurance expense c utilities expense d tax expense

The Answer is in the image, click to view ...

Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Oct 22, 2024

Which of the following is an economic cost, but not an accounting cost, for the owner of a business? a . the value of the

Which of the following is an economic cost, but not an accounting cost, for the owner of a business?

.

the value of the owner

s time devoted to the business.

.

insurance expense

.

utilities expense

.

tax expense

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 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

Managerial Accounting

Authors: John J. Wild, Ken W. Shaw

2010 Edition

9789813155497, 73379581, 9813155493, 978-0073379586

More Books

Students also viewed these Accounting questions

Question

★★★★★

Data for Pippen Company and Thomas Co. are presented in E5-5. In E5-5 Dec. 3 Pippen Company sold merchandise to Thomas Co. for $32,000, terms 2/10, n/30, FOB destination. This merchandise cost Pippen...

Answered: 1 week ago

Question

★★★★★

Principal $=\$ 15,000$, annual interest rate $=4.25 \%$, compounded annually, for 5 years Compute the future value of the investment with the given conditions.

Answered: 1 week ago

Question

★★★★★

Consider a drill press containing three drill bits. The current policy (called individual replacement) is to replace a drill bit when it fails. The firm is considering changing to a block replacement...

Answered: 1 week ago

Question

★★★★★

Kulkulcan Technology Co. provides the following data at December 31, 2011. Operating revenue . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ....

Answered: 1 week ago

Question

★★★★★

When determining customer profitability, activity-based costing can be used to analyze: Select one: a. special packaging and handling. b. All of the answers are correct. c. billing and collections....

Answered: 1 week ago

Question

★★★★★

The management team at Oriole Corporation is capitalizing on the trend for live-edge cedar fireplace mantels-beautiful, simple, organic. In fact, sales are so strong they are running out of...

Answered: 1 week ago

Question

★★★★★

Perrette Motor Company rebuilds automobile engines that have been damaged or are in need of extensive repair. The rebuilt engine has a 100,000-mile warranty and is purchased by auto shops, large...

Answered: 1 week ago

Question

★★★★★

Excerpts from Andre Company's December 31, 2024 and 2023, financial statements are presented below: Accounts receivable Inventory Net sales Cost of goods sold Total assets Total stockholders' equity...

Answered: 1 week ago

Question

★★★★★

Daria drank an extra-large Coke and lay down for a short nap. When she woke up, she began working on her calculus assignment and noticed that she felt ___________ focused alert O challenged by the...

Answered: 1 week ago

Question

★★★★★

Zebra Company reports the following figures for the years ending December 31, 2019 and 2018: 2019 2018 Net Sales $66,000 $40,000 Cost of Goods Sold 45,000 35,000 Gross Profit $21,000 $5,000 What are...

Answered: 1 week ago

Question

★★★★★

Please answer question 3: Pampa RV, Inc., a publicly traded firm, is considering the acquisition of Chico Clothing Company (CCC) for a price of $12 per share. CCC is a private company that...

Answered: 1 week ago

Previous Question Next Question