Provide a business example illustrating opportunity costs.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (8 reviews)
Common examples include the value foregone because o...View the full answer
Answered By
Rishabh Ojha
During my undergraduate i used to participate as TA (Teaching Assistant) in several electronics and computers subject. I'm passionate about learning Computer Science as my bachelors are in Electronics but i learnt most of the Computer Science subjects on my own which Machine Learning also. At Present, i'm a working professional pursuing my career as a Machine Learning Engineer and i want to help others learn during my free hours, that's all the motivation behind giving tuition. To be frank i have no prior experience of tutoring but i have solved problems on opensource platforms like StackOverflow and github. ~Thanks
4.90+
3+ Reviews
10+ Question Solved
Related Book For
Fundamentals of Cost Accounting
ISBN: 978-0077398194
3rd Edition
Authors: William Lanen, Shannon Anderson, Michael Maher
Question Posted:
Students also viewed these Cost Accounting questions
-
Provide an example of a business event. Explain how an enterprise system can provide the ability to share information and make the execution of the event efficient.
-
Provide an example of a business where the evolution of communication ( i. e., face- to- face, phone, e- mail, etc.) has altered its business activities. What are the advantages and disadvantages...
-
Provide an example of how a business function with which you are familiar (e.g., sales, marketing, finance, operations/ production, accounting, human resources) utilizes IT for operational and/or...
-
CPA firm brings in a yoga instructor during the tax busy season to help relieve stress of the employees. Which is true about the CPA firm's ability to take a deduction for the yoga instructor's...
-
Refer to the information in QS 13-4. Use that information for Tide Corporation to determine the 2014 and 2015 common-size percents for cost of goods sold using net sales as the base. In QS 13-4 ($...
-
The AUD depreciated relative to the US$ in the 2nd and 3rd quarters of 2022, despite positive net exports. Identify and briefly explain 2 factors that may have caused this depreciation. Australia:...
-
Which of the following procedures is not appropriate to a review of interim financial information? a. Confirm cash balances with all banks and depositories. b. Make inquiries concerning the...
-
1. Evaluate the current China/Taiwan logistics costs. Assume a current total volume of 190,000 CBM and the 89% is shipped direct from the supplier plants in containers. Use the data from the case and...
-
On 1 January 20x3, APL granted each of the 50 team leaders 2,000 share options, under which, they can elect to receive 2,000 shares or a cash payment equivalent to the value of 2,000 shares on 31...
-
1) Use the base case assumptions as well as the information presented in the case to build a four-year discounted cash flow model for Advanced Seal given a 50% cannibalization rate for the Premium...
-
What is the difference between outlay cost and opportunity cost?
-
Is cost-of-goods sold an expense?
-
Milo Clothing experienced the following events during 2016, its first year of operation: 1. Acquired $30,000 cash from the issue of common stock. 2. Purchased inventory for $15,000 cash. 3. Sold...
-
Economic growth has been lackluster for more than a decade now. This has occurred at a time when economies have faced much unfolding change. What are the forces of change, how are they affecting the...
-
A year ago in Oslo Airport I checked in to an SAS flight. One airline kiosk issued a boarding pass, another punched out a luggage tag, then a computer screen showed me how to attach it and another...
-
Describe management in the ancient world. We can track the concept of management from its development under the Sumerians. The Sumerians provided the concepts of writing and record keeping that...
-
A sprayer applied 2 3 2 . 9 of fertilizer on a property 1 4 7 . 9 m wide and 1 0 9 . 3 m long. Calculate the volume of fertilizer that the sprayer is applying in L / acre
-
What are the resources for writing copy for email marketing? How to find copy and images for email content and write about the solution you provide. (Including images and the page link, which seems...
-
Calculate the activity coeffi cients of a binary mixture of 41.5 mol% ethanol (1) in benzene (2) at 45C using the UNIQUAC activity coeffi cient model. The UNIQUAC parameters are reported as follows:...
-
What does non-recourse financing mean?
-
The mean residence time in a tubular reactor is the length L divided by the average velocity v = q/ R 2 . Using the results from Problems 7.8 and 7.9, what can you say about the relative values of...
-
Following several years of tight budgets, administrators at the University of California, Davis, looked for ways to do more with less. Janet Hamilton, vice chancellor of administration, researched...
-
Refer to the Business Application discussion of supply chain costs. A colleague says, We dont have to worry about other firms in the supply chain. If every firm in the chain minimizes its own cost,...
-
Refer to the Business Application discussion of options backdating. If stock options and other forms of performance-based compensation result in some managers engaging in unethical or illegal...
-
n-1 3.) Given the discrete sequence x(n) = (3) u(n - 1) where u is the unit step sequence, do the following: (SHOW ALL WORK) a.) Compute the discrete time Fourier Transform (DTFT) X(w) of x(n). b.)...
-
The Cubby Bear started the month with a food inventory of $6,000 in the storeroom. During the month, food purchases totaling $8,000 were delivered to the storeroom and food totaling $8,000 was issued...
-
Assignment 1 During your audit of the financial statements of The Gary Manufacturing Company for the year ended December 3 1 , 2 0 0 7 , you find that at January 1 , 2 0 0 7 , the company had...
Study smarter with the SolutionInn App