Its called Generally accepted accounting principals
Answer:
Opportunity cost
Explanation:
The opportunity cost Bob's brother Joe $20,000. Remember, the term Opportunity cost refers to the cost (loss in this context) incurred when one forgoes an alternative best option–holding them in a brokerage account, in place for a less beneficial one.
Thus, Bob chose the best alternative over his brother.
a person's regular occupation, profession, or trade.
Answer:
$18,396
Explanation:
Average sales of the store per day = $1,680
Number of days in a year = 365
Total sales in a year = $1,680 x 365 = $6132,200
Shrinkage rate = 3%
Losses for an entire year = 0.03 x $6132,200 = $18,396
