Define Opportunity Cost
Opportunity Cost: The value of the substitutes foregone by approving a particular strategy or utilizing resources in a particular manner. Al so termed as Alternative Cost or Economic Cost.
What do you mean by the term Reliability which is accounting information?
We study optimal government debt maturity in a model where investors derive monetary servicesfrom holding riskless short-term securities. In a simple setting where the government is the onlyissuer of such riskless paper, it trades off the monetary premium associated w
ACCOUNTING PROCESS: The process of Accounting involves the following steps: Q : What is Uncontrollable Cost What is What is Uncontrollable Cost: The cost over which an accountable manager has no persuade.
What is Uncontrollable Cost: The cost over which an accountable manager has no persuade.
Cost Allocation: This is a technique of assigning costs to activities, outputs, or other cost objects. The allocation base employed to assign a cost to objects is not essentially the cause of the cost. For illustration, assigning the
What do you mean by the term Comparability which is accounting information?
ACCOUNTING CONCEPTS: Presented below are basic accounting principles or concepts, with which hospital managers should be familiar and that they should understand i
The operating level at which the total sales revenue equals the total cost. Total sale revenue is equal to the price per unit times the number of units sold. Total cost equals total variable cost, the number of units sold in time the variable cost per unit and the tot
Explain the term fixed capital of partners? Answer: Partners' capital is state to be fixed if the capital of Partners remains unchanged except in the situation where
Three main elements of Partnership: A) Carrying on of a business: • A ‘business’ is any trade, occupation or pr
18,76,764
1933593 Asked
3,689
Active Tutors
1446507
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!