What is an opportunity cost? Give an example.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 68% (16 reviews)
An opportunity cost is a benefit of one alternative that is given up because ...View the full answer
Answered By
BRIAN MUSINGA
I possess a Bachelors of Commerce degree(Marketing option) and am currently undertaking an MBA in marketing. I believe that I possess the required knowledge and skills to tutor in the subject named. I have also written numerous research academic papers much to the satisfaction of clients and my professors.
5.00+
2+ Reviews
17+ Question Solved
Related Book For
Principles of Cost Accounting
ISBN: 978-1305087408
17th edition
Authors: Edward J. Vanderbeck, Maria Mitchell
Question Posted:
Students also viewed these Cost Accounting questions
-
What is an opportunity cost? How does the idea relate to the definition of economics? Which of the following decisions would entail the greater opportunity cost: Allocating a square block in the...
-
What is an opportunity cost? How does it differ from a sunk cost?
-
What is an opportunity cost? How does it differ from a sunk cost?
-
A steel spur pinion has 16 teeth cut on the 20 full-depth system with a module of 8 mm and a face width of 90 mm. The pinion rotates at 150 rev/min and transmits 6 kW to the mating steel gear. What...
-
A researcher wants to select a sample of 50 students from the four public high schools in Franklin, Tennessee, by performing stratified sampling. The enrollments are shown in Table 16. How many...
-
Using the information provided in BE4- 21, prepare the t- accounts for Subscription Revenue and Unearned Subscription Revenue for Gerhard News as of December 31. In BE4- 21 Adjusting Journal Entries....
-
What reasons might an entity provide for adopting ESG practices?
-
Tybee Industries Inc. uses a job order cost system. The following data summarize the operations related to production for January 2016, the first month of operations: a. Materials purchased on...
-
8. A dielectric slab of dielectric constants k is slowly inserted inside the parallel plate capacitor having plate area A and separation between plates d as shown in figure. If dimensions of...
-
On January 1, 2022, Ven Corporation had the following stockholders' equity accounts. Instructions Prepare the stockholders' equity section of the balance sheet at ( a ) March 31, ( b ) June 30, ( c )...
-
What impact does income tax have on the break-even point?
-
What is the difference between gross margin and manufacturing margin?
-
The New York City Department of City Planning (2006) studied pedestrian walking speeds. The report stated that pedestrians who were en route to work walked a median of 4.41 feet per second, whereas...
-
$ 5 0 0 , 0 0 0 GIC purchased November 1 , 2 0 2 2 ( interest payable at maturity on October 3 1 , 2 0 2 5 ) Accrued interest from November 1 , 2 0 2 2 October 3 1 , 2 0 2 3 . . . . . . . . . 2 2 , 0...
-
Find an online personality test by searching Myers Brigs MBTI. Complete the test and explain how this could be used when forming teams for an upcoming project. and how one might use this data to...
-
In the article Agility Hacks, they talk about processes that can be used to "tackle immediate challenges quickly". Using your knowledge of Project Management Processes, what is the impact to the...
-
We focus on the creation of an implementation plan and associated change management. Think of an example where change was attempted but failed. Using the concepts presented in readings, discuss what...
-
Gibbs's Reflective Cycle (Gibbs, 1998) helps you to practice your reflective skills. Demonstrated the competency of critically reviewing the literature, identifying the research gap and potential...
-
Go to the Teradata University Network Web site (teradatauniversitynetwork.com) or the URL given by your instructor. Locate the Harrahs case. Read the case and answer the following questions: a. Which...
-
Question 6.10 Current and deferred tax worksheets and tax entries From the hip Ltd?s statement of profit or loss for the year ended 30 June 2007 and extracts from its statements of financial position...
-
Three mutually exclusive alternatives are being considered. Each alternative has a 20-year useful life with no salvage value . If the minimum attractive rate of return is 7%, which alternative should...
-
A firm is considering the following alternatives, as well as a fifth choice: do nothing. Each alternative has a 5-year useful life. The firm's minimum attractive rate of return is 8%. Which...
-
Find the best alternative using incremental IRR analysis. A B D Initial cost $2000 4000 5000 3000 Annual benefit 800 1300 500 400 Salvage value 1400 2000 1500 3000 Life, in years 6 4 MARR required 6%...
-
I need to find out how to calculate the 3-year % rate of return. The information I have is a $10,000 investment and a 12-month yield percentage (1.138 for AB company, 1.894 for AIG company, 0.679 for...
-
Anna has an investment that will bring her $100 with a 30% probability and $40 with a 70% probability. Anna's Utility function is U = Y (1/2) . Where Y= income. Anna is considering selling this...
-
on January 1, 2000, the price of koka kola was $10. on jan and, 2020, the shares were worth $100. the stock Paid no dividends during the period. what is the annual geometric return.
Study smarter with the SolutionInn App