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3 years ago

For each numbered Statment, pick the lettered Cost Term that fits

Business

1 answer:

s344n2d4d5 [400]3 years ago

6 0

Answer:

1.b) Irrelevant revenues

2.d) Opportunity cost

3.b) Irrelevant revenues

4.c) Irrelevant variable outlay cost

5.e) Relevant fixed outlay cost

6.h) Sunk Cost

7.a) Irrelevant fixed outlay cost

8.g) Relevant variable outlay costs

Explanation:

Relevant Cost or Revenues are future cost or revenues that will change as a result of a decision that is made today.

Irrelevant Cost or Revenues are costs or revenues that are common and thus would not be different for any alternative taken in a decision.

Sunk Costs are costs that were already incurred in the past.

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A mixed economy combines elements of which two economic systems?

aev [14]

Market and command economy

5 0

3 years ago

Based on the marginal principle, would it make sense to for a business to expand their hours of operation if they project $1,500

krek1111 [17]

Answer:

Yes, because they will net $300 per week

Explanation:

According to the marginal principle, production can be increased if marginal revenue would exceed marginal cost. It means that the venture would be profitable

Marginal cost is the increase in cost as a result of increasing output by one unit.

total marginal cost = 1000 + 50 + 150 = 1200

Marginal revenue is the increase in revenue as a result of increasing output by one unit.

Marginal revenue exceeds marginal cost by (1500 - 1200) 300. Thus, hours of operation can be increased

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3 years ago

Which of these are undergraduate degrees?

dedylja [7]

Answer:

Bachelor's and Associate's

Explanation:

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3 years ago

The value of χ2α in a particular situation depends on

scoundrel [369]

Answer:

The number of degrees of freedom and the right-hand tail area α.

Explanation:

Chi Square Distribution

α is Significance level

If the p-value of hypothesis test < α , then we reject null hypothesis of the test.

So, α is basically a critical p-value which makes a rejection region in the right tail

Now, the statistic χ 2 also depends on the degrees of freedom

So, The value of χ2α in a particular situation depends on

the number of degrees of freedom and the right-hand tail area α.

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4 years ago

In the early 2000’s, there were a series of well publicized events that effected the credibility of the accounting profession.Th

kolezko [41]

Answer:

The correct answer is Public Company Accounting Oversight Board.

Explanation:

The Sarbanes Oxley Law was enacted in the United States with the purpose of monitoring companies that are listed on the stock exchange, preventing the valuation of their shares from being altered doubtfully, while their value is lower. Its purpose is to avoid fraud and bankruptcy risk, protecting the investor.

This law, beyond the local level, also involves all companies listed on the NYSE (New York Stock Exchange), as well as its subsidiaries.

This law arose in response to the financial scandals of large corporations, such as: Enron, Tyco International, WorldCom and Peregrine Systems, as these diminished the public's confidence in the accounting systems and, above all, in the audit.

4 0

3 years ago