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Anit [1.1K]
1 year ago
15

Opportunity costs are not found in accounting records because they are not relevant to decisions.

Business
1 answer:
Sergio [31]1 year ago
6 0

The following statement "Opportunity costs are not found in accounting records because they are not relevant to decisions" is false.

The opportunity cost is the time spent learning and the money that might have been used for something else. When a farmer decides to grow wheat, there is an opportunity cost associated with not doing so or using the resources in another way (land and farm equipment).

The apparent advantage of not selecting the next best alternative when resources are limited is what is commonly referred to as opportunity cost. Opportunity costs are not just monetary or financial expenses. An opportunity cost is also the real price of missed productivity, time, or any other for-profit gain.

To know more about Opportunity Costs here

brainly.com/question/28347796

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What is accounting ?​
AnnZ [28]

Answer:

it is the study of the systematic way of keeping records.

4 0
2 years ago
If Colombia spends 2 hours producing coffee and 6 hours producing oranges, and Cuba spends 3 hours producing coffee and 1 hour p
zimovet [89]

Answer: C. Colombia has an absolute advantage producing coffee, and Cuba has an absolute advantage producing oranges

Explanation:

From the question, we are informed that Colombia spends 2 hours producing coffee and 6 hours producing oranges, and Cuba spends 3 hours producing coffee and 1 hour producing oranges.

Since Columbia spends a lesser time producing coffee and Cuba spends a lesser time producing oranges, it means that Colombia has an absolute advantage producing coffee, and Cuba has an absolute advantage producing oranges.

8 0
3 years ago
A card which requires the cardholder to pay a sum of money equal to the credit limit is called a
Brrunno [24]
The answer is Credit card.

Credit card is a small plastic card issued by a bank, business, etc., allowing the holder to purchase goods or services on credit.
5 0
3 years ago
Brown Company manufactures luggage sets. Brown sells its luggage sets to department stores. Brown expects to sel 1,700 luggage s
Svetradugi [14.3K]

Answer:

sales budget for January and February are given below

Explanation:

given data

luggage sets = 1700

sell =  $180 each

luggage sets = 2050

sell = $180

to find out

sales budget for January and February

solution

                                           Sales Budget  

                                                             January                      February  

Budgeted luggage sets to be sold 1,700                         2,050  

Sales price per unit                           180                            180  

total sales                                      306000                    369000

here sale is sold Budgeted luggage × Sales price

3 0
3 years ago
Drew buys 100 shares of Balsamic Corporation for $23 per share. Over the next year, Balsamic pays four quarterly dividends of 50
tangare [24]

Answer:

500 million

Explanation:

5 0
3 years ago
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