Question: What is the difference between outlay cost and opportunity cost?

What is the difference between outlay cost and opportunity cost?

Step by Step Solution

★★★★★

3.46 Rating (159 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Outlay costs are those costs that ... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Document Format (1 attachment)

Word file Icon

108-B-C-A-C-B-M (101).docx

120 KBs Word File

Students Have Also Explored These Related Cost Accounting Questions!

Q:

What is the difference between an offer for a unilateral contract and an offer for a bilateral contract? Why might that difference be important to understand?

Q:

What is the difference between saturated liquid and compressed liquid?

Q:

What is the difference between saturated vapor and superheated vapor?

Q:

3. Refer to the Jackson Gears examples in Exhibits 2.12 and 2.13. Assume that the variable marketing and administrative cost falls to $3 per unit; all other cost numbers remain the same. What are the...

Q:

i would like to know whether my answer is correct or not, if not i will appeiciate if you can tell me ur answer! Question 6 1 pts Distinguish between an opportunity cost and an outlay cost. An...

Q:

Which of the following best distinguishes an opportunity cost from an outlay cost? O Opportunity costs are recorded, whereas outlay costs are not O Outlay costs are speculative in nature, whereas...

Q:

Hi, I have test at my managerial accounting related my MBA, please help me out with but please be sure to have the right answers, because the most of answers that I got it for my last test ( from...

Q:

difference between outlay cost and opportunity cost

Q:

Sun, Penumbra, and Corona Consultants, LLP has been contacted by a client in Paris that requested immediate help identifying a fix for a problem in customer data privacy. Which of the following best...

Q:

1. For a given product, the sales mix variance plus the sales quantity variance is equal to its industry volume variance plus its market share variance. True False 2. There is no need to investigate...

Q:

Use the earthquake magnitude scale to answer the following question. Compare the energy of a magnitude 8 earthquake to an explosive device that released 17 x 10 joules of energy The explosive device...

Q:

Consider the use of counter mode, as shown in Fig. 8-15, but with IV = 0. Does the use of 0 threaten the security of the cipher in general?

Q:

6 Multiple Choice 1 0 points What does the scale read? 8 0 0 0 N 4 0 0 0 N 2 5 0 N 5 0 0 N 2 0 0 0 N

Q:

12. What is data mining?

Q:

Mid-States Metal Finishers produces steel tubing at its Akron plant. The plants quality assurance officer prepares a monthly report and sends it to headquarters. The data compiled in these reports...

Q:

Refer to the data in Exercise 18-29 (McKinley Industries). From the accounting records, you also gather the following information for the two years: Required a. Compute the total factor productivity...

Q:

The interaction between customers and line employees is often more direct in service industries than in manufacturing firms. At the same time, we often observe that employees in many service firms...

Q:

Narda Corporation agreed to sell all of its capital stock to Effie Corporation for three monthly payments of $200,000. After Effie made the first required payment, it ceased making other payments....

Q:

Hybrid cars are touted as a "green" alternative; however, the financial aspects of hybrid ownership are not as clear. Consider the 2014 Edsel 550h, which had a list price of $5, 900 (including tax...

Q:

Which of the following statements is false? A. Redemptions and partial liquidations that qualify as exchanges of the redeemed stock GENERALLY reduce earnings & profits by an amount which does not...