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astraxan [27]
3 years ago
14

1. Select the correct statement regarding relevant costs and revenues.

Business
1 answer:
Gala2k [10]3 years ago
8 0

Complete Question:

1. Select the correct statement regarding relevant costs and revenues.

A. Sunk costs are not relevant for decision-making purposes.

B. Relevant costs are frequently called unavoidable costs.

C. Direct labor is an example of a unit-level cost.

D. Only variable costs are relevant for decision making.

Answer:

1. A

2. D

3. B

Explanation:

1. The correct statement regarding relevant costs and revenues is that sunk costs are not relevant for decision-making purposes. Sunk costs are the opposite of relevant costs because they can't be changed or recovered, as they've been spent or contracted in the past already. Hence, relevant cost are relevant for decision-making purposes but not sunk costs.

2. Expected future revenues that differ among the alternatives under consideration are often referred to as differential revenues. It is the difference in revenues among two (2) alternatives, which would influence decision making.

3. The benefits sacrificed when one alternative is chosen over another are referred to as opportunity costs. It is also referred to as alternative forgone.

<em>For example, Tony gives up going to see a new movie at the cinema in order to prepare for an examination, so as to get a good grade</em>.

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Answer:

True

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by increasing the time customers can pay to 90 days, the amount of cash inflows is likely to reduce. thus, the net cash flow in the next quarter is likely to decrease.

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3 years ago
You tell Julia you already know a bit about leadership styles, and you think you have traits that will make you a good leader.
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Option B. The type of leadership that you would have to demonstrate would be the servant leadership if you want to show you are a responsible leader.

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2 years ago
Camino’s cost of goods sold and operating expenses are 80 percent variable and 20 percent fixed. Camino has received an offer fr
aniked [119]

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Explanation:

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3 years ago
Acme Corp. is conducting a business impact analysis for the threat of ransomware impacting its organization. The company determi
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AutoZone and O'Reilly are two competitors in the retail automotive parts industry.
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Answer:

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Explanation:

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Gross Profit :

Year 1 : 10,498,448 - 4,860,309 = 5,638,139

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