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 are Aging of Accounts? Briefly illustrate it.
Write down a short note on the developing objectives and plans in decision making process?
Employee Stock Ownership: It is a qualified, defined contribution, employee benefit (that is, ERISA) plan designed to invest mainly in the stock of sponsoring employer. ESOPs are "qualified" in the logic that the ESOP's sponsoring company, the selling
Full-Absorption Costing: It is a technique of costing that assigns (or absorbs) all labor, material, and service or manufacturing facilities and support costs to products or another cost objects. The costs assigned comprise those which do and do not d
What are the various Calls in Arrears? Describe it.
Write down a brief note on the illustrations of unethical and unacceptable actions?
Briefly define how useful is the management accounting information is?
Write down a short note on the Allocating resources in decision making process?
Standard Costing: A costing technique which joins costs to cost objects based on reasonable approximations or cost studies and by the means of budgeted rates instead of according to actual costs incurred. The predictable cost of gener
What do you mean by the term key performance indicators or KPI? Explain in brief?
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