Why are opportunity costs relevant when making decisions?
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 71% (14 reviews)
Opportunity costs are the values of benefits foregone by selecting one decisi...View the full answer
Answered By
Bhartendu Goyal
Professional, Experienced, and Expert tutor who will provide speedy and to-the-point solutions. I have been teaching students for 5 years now in different subjects and it's truly been one of the most rewarding experiences of my life. I have also done one-to-one tutoring with 100+ students and help them achieve great subject knowledge. I have expertise in computer subjects like C++, C, Java, and Python programming and other computer Science related fields. Many of my student's parents message me that your lessons improved their children's grades and this is the best only thing you want as a tea...
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Managerial Accounting questions
-
Are allocated joint processing costs relevant when making a decision to sell a joint product at the split-off point or process it further? Why?
-
Multiple choice Questions 1. The ___________ function is primarily responsible for managing the financial resources of the organization. a. Finance b. Marketing c. Accounting d. Human resource 2....
-
Explain why different costs and revenues may be relevant when making short-term product mix decisions compared with making long-term product mix decisions.
-
An increase in investment increases consumption in the short run, has no effect on consumption in the long run, and has an ambiguous effect on consumption in the Solow model of the very long run,...
-
Warranties, Accrual, and Cash Basis Alvarado Company sells a machine for $7,400 under a 12-month warranty agreement that requires the company to replace all defective parts and to provide the repair...
-
Consider a situation where there is a cost that is either incurred or not. It is incurred only if the value of some random input is less than a specified cutoff value. Why might a simulation of this...
-
Each message in a digital communication system is classified as to whether it is received within the time specified by the system design. If three messages are classified, use a tree diagram to...
-
On January 3, 2020, Mego Limited purchased 3,000 (30%) of the common shares of Sonja Corp. for $438,000. The following information is provided about the identifiable assets and liabilities of Sonja...
-
At the end of the accounting period, Harris Company had $6,000 of par value common stock issued, additional paid in capital of $5,500, retained earnings of $6,000, and $2,000 of treasury stock. What...
-
Angelo says, When Im trying to have a face-to-face conversation with someone, and that person repeatedly interrupts the conversation to answer their cell phone or exchange text messages, they are...
-
QuantumTM manufactures electronic testing and measurement instruments. Many products are custom-designed with recent orders for function generators, harmonic analyzers, logic analyzers, temperature...
-
What is the proper approach to analyzing whether a product line should be dropped?
-
Find the general solution of the given system. dx = x + y - z dt dy 2y dt dz = y - z dt
-
Paths can be absolute or relative. An absolute path name begins with a root element (/ on Unix-like systems, a drive letter on Windows). Look at the Path API to see how one can create and recognize...
-
Examine Figure 10-9 and explain how the community hospital in its present position. (quadrant 3) could reposition itself to quadrant 2 and to quadrant 1. Breadth of product line Broad Narrow High...
-
Enhance Exercise E25.4 as follows: First read the XML file in, then add ten percent interest to all accounts, and write an XML file that contains the increased account balances. Data from exercise...
-
What happens if you try to move the file pointer past the end of a file? Try it out and report your result.
-
Why is the stop method for stopping a thread deprecated? How do you terminate a thread?
-
Jacob Goldstein, a correspondent for National Public Radio, discussed the effect that a tax on sugared soft drinks would have on consumers: How much would a tax drive down consumption? Economists...
-
In muscle tissue, the ratio of phosphorylase a to phosphorylase b determines the rate of conversion of glycogen to glucose 1phosphate. Classify how each event affects the rate of glycogen breakdown...
-
Based on the information in Problem 9-14, what is the internal rate of return of the investment, assuming an inflation rate of 4 percent applicable to labor and costs other than depreciation? Should...
-
Division managers at Creighton Aerospace are evaluated and rewarded based on ROl (return on investment) targets. In the current year, Delmar Richards, the president of the commercial products...
-
Palermo Pizzeria is considering expanding operations by establishing a delivery business. This will require the purchase of an oven that will cost $50,000, including installation. The oven is...
-
How many stars will be printed on the screen when the following piece of code runs? for (int i = 1; i
-
Create Unified Modeling Language (UML) diagrams for the following classes. Cellphone : It carries manufacturer, modelNumber and Price info.
-
please explain from your perspective what are the benefits of using a data dictionary? List the three elements Unified Modeling Language understanding and practical example.
Study smarter with the SolutionInn App