Explain the circumstances when the original purchase price of materials are irrelevant for decision-making.
Question:
Explain the circumstances when the original purchase price of materials are irrelevant for decision-making.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (14 reviews)
Classifying costs as either irrelevant or relevant is usef...View the full answer
Answered By
Sandra Dimaala
Sandra from Philippines ,LICENSED PROFESSIONAL TEACHER.
Teachers are our nation builders—the strength of every profession in our country grows out of the knowledge and skills that teachers help to instill in our children. And, as a nation, we must do much, much more to fully appreciate and support their work.
0.00
0 Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Why are historical costs usually irrelevant for decision making?
-
Explain the circumstances when the auditor should revise the components of the audit risk model and the effect of the revisions on planned detection risk and planned evidence.
-
Currently, generally accepted accounting principles (GAAP) in the United States require firms to expense research and development (R&D) costs as period costs. Therefore, when the resulting product is...
-
What does this code print (unless it produces an error)? print(int("trick1".upper()[-1])==1)
-
Write structural formulas for each of the following alcohols and alkyl halides: (a) Cyclobutanol (b) sec-Butyl alcohol (c) 3-Heptanol (d) trans-2-Chlorocyclopentanol (e)...
-
All hummingbirds are richly colored. No large birds live on honey. Birds that do not live on honey are dull in color. In Problems 4952, write a valid conclusion. These problems were written by...
-
Describe the six categories of early warning signs of potential fraud.
-
Marlin Company, a wholesale distributor, has been operating for only a few months. The company sells three productssinks, mirrors, and vanities. Budgeted sales by product and in total for the coming...
-
What are some similarities and differences between the Microsoft SQL Server, Oracle Database, Amazon Aurora, IBM Db2, and MySQL relational database vendors?
-
In December 2005, Bill Stock, general manager for the Louisiana Division of Coastal States Chemicals and Fertilizers, received a letter from Fred McNair of the Cajan Pipeline Company, which notified...
-
Explain the importance of opportunity costs for decision-making.
-
Why does the relevant cost of labour differ depending on the circumstances?
-
Let A = {1, 2, 3, 4, 5, 6}, B = {1, 3, 5}, C = {1, 6}, and D = {4}. Find each set. B
-
Simic & Nikolic Ltd Statement of Profit & Loss for the year ended 30 June 2016 Sales revenue Gain from sale of land Gain from sale of equipment Less expenses: Cost of sales Bad debts expense...
-
Assume that you are selling a complete line of weather-resistant patio, pool, and deck furniture to a large hotel to replace all of its current furniture. The total cost will be $375,000. You expect...
-
You need to monitor the progress of delivery of stock items to make sure they arrive on time. What do you need to monitor and how can you do this?
-
How financial analysis can be determined give some examples to prove. Also discuss Use all parts of your financial analysis to ensure that your company is financially healthy and that KPIs are being...
-
On March 1, the Katy Railroad sent a letter to the A-1 Steel Company asking the price on 50,000 tons of steel rails. On March 5, A-1 responded by letter offering to sell Katy 50,000 tons of steel...
-
You have just been hired as the new controller of SWT Services Inc., and on the top of the stack of papers on your new desk is a bundle of draft contracts with a note attached. The note says, "Please...
-
Why are stocks usually more risky than bonds?
-
Name three benefits and two costs of decentralisation.
-
'Transfer pricing is confined to profit centres.' Do you agree? Why?
-
Under what conditions is a market-based transfer price optimal?
-
I. For each of the following functions, do the following: a. Determine if f is continuous at a. b. Determine if f is differentiable at a. 1. 5-6x if x3 f(x)=-4-x ifx>3 ; a=3 4. f(x)= x-9 if x <3 ;a=3...
-
Molander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next month's budget appear below: Selling price per unit Variable expense per unit Fixed expense per...
-
Consider the simplest complex constellations of 8-PSK and 16-PSK which sends symbols along both the I and Q components, as shown in Fig. 1. Let E denote the average transmit power, and 2 the variance...
Study smarter with the SolutionInn App