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.
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
How to make a VAT entry in books including set off?
Give circumstances in which the fixed capital of partners might change. Answer: Two circumstances in which the fixed capital of Partners might change are as follows:
What are the main reasons that the operation of business environment has become ever more turbulent and competitive?
Why you want to be an accountant? Normal 0 false
What is Uncontrollable Cost: The cost over which an accountable manager has no persuade.
Write a brief note on the things which Threats to business comprises?
Write a brief note on the things which Opportunities comprises?
Briefly define how useful is the management accounting information is?
A plan for the cash coming into and going out of a business. Based on the sale forecast, the timing and amounts of cash receipts. Based on forecast of resources necessary to meet the sale forecast, management budgets the cash disbursements. This proc
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