Why should irrelevant costs and revenues be omitted from a decision analysis?
Question:
Why should irrelevant costs and revenues be omitted from a decision analysis?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
In decision analysis it is crucial to focus on relevant costs and revenues while omitting irrelevant ones to make informed and effective decisions The ...View the full answer
Answered By
Mary Njunu
I posses Vast, diversified knowledge and excellent grammar as a result of working in ACADEMIC WRITING for more than 5 years. I deliver work in various disciplines with assurance of quality work. I purpose at meeting the clients’ expectations precisely. Let’s work together for the best and phenomenal grades.
4.90+
928+ Reviews
2551+ Question Solved
Related Book For
Accounting Information For Business Decisions
ISBN: 9780170253703
2nd Edition
Authors: Billie Cunningham, Loren A. Nikolai, John Bazley, Marie Kavanagh, Geoff Slaughter, Sharelle Simmons
Question Posted:
Students also viewed these Business questions
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
Miskatonic University is a small liberal arts university with an excellent academic reputation; the school is known for its unique course offerings and its well-respected programs in what the...
-
1 - Why are historical or past data irrelevant to special decisions? A. Past data require two or more alternative courses of action. Without such alternatives, past data are irrelevant. B. Past data...
-
Consider a random walk consisting of equi-probable p = q = 1/2 steps in left or right directions. However the step length at ith step is given by e-, i = 1,2,3..... N, with > 0 a constant. Calculate...
-
T. C. Chiang considered several time series forecasting models of future foreign exchange rates for U.S. currency (The Journal of Financial Research, Summer 1986). One popular theory among financial...
-
Devise appropriate discounting schemes for a supply chain.
-
Reconsider the data from Problem 4. Management has expressed some concern over the life of the project and the impact of possible early termination. As a result, you have developed additional data...
-
You have been engaged for the audit of the Y Company for the year ended December 31, 2011. The Y Company is in the wholesale chemical business and makes all sales at 25% over cost. Following are...
-
-> Let G and H be groups. A function : G H is called a (group) homomorphism if it satisfies (9192) = (91) * (92) for all 91, 92 G. (Note that the product 91*92 uses the group law in the group G,...
-
What is the difference between incremental costs and avoidable costs?
-
Since past costs are irrelevant in decision making, why do you think keeping past cost records can be helpful in the decision-making process?
-
Test the claim about the difference between two population means 1 and 2 at the level of significance a. Assume the samples are random and independent, and the populations are normally distributed....
-
What is systems selection?
-
Research inventory fraud cases, and write a paper on a case you find interesting (your instructor will provide guidance regarding the papers length). At a minimum, you should include the following...
-
Describe the process used to evaluate vendor proposals.
-
Why might a company issue an RFP for general performance objectives?
-
Go to http://investor.kelloggs.com/annuals.cfm, to access the Kelloggs 2010 Annual Report and find Note 1 in Basis of Presentation. What is the fiscal year for Kelloggs Company?
-
A skilled skier knows to jump upward before reaching a downward slope. Consider a jump in which the launch speed is v0 = 10m/s, the launch angle is 0 = 9.0o, the initial course is approximately flat,...
-
Air pollution generated by a steel mill is an example of a) a positive production externality. b) a negative production externality. c) a public good. d) the free-rider problem. State and local taxes...
-
The ABC Company performs its expenditure cycle activities using its integrated ERP system as follows: Employees in any department can enter purchase requests for items they note as being either out...
-
What internal control procedure(s) would best prevent or detect the following problems? a. A production order was initiated for a product that was already overstocked in the companys warehouse. b. A...
-
Use Table to create a questionnaire checklist that can be used to evaluate controls for each of the basic activities in the production cycle (product design, planning and scheduling, production...
-
Using any software tool of your choice (e.g., Visio, PowerPoint, MS Word, yED, Lucidchart, etc.) create, draw and submit... OPTION #1 A data flow diagram for an ATM system OR OPTION #2 A Level 0 DFD...
-
Oman Holdings (OHI) is a distributor of a variety of products. The company's current earnings per share is 3.690 Rials and current book value per share is 15.760 Rials. EPS is forecasted to be 5.110...
-
ACC394 202360 Question 3 file Translation into presentation currency Adams Ltd is an international company resident in Australia. It acquired the issued shares of a British company, Stripes Ltd, on 1...
Study smarter with the SolutionInn App