Answer:
is... is that a crossword
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Suppose you have a dinner gift certificate for $20. You can use it to order meatloaf or pot roast. Meatloaf costs $12 and pot roast costs $14. Meatloaf and pot roast are both worth $15 to you. The dollar value of the opportunity cost of choosing meatloaf instead of pot roast is $15 EX.
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What Is Opportunity Cost?</h3>
Opportunity costs represent the potential benefits that an individual, investor, or business misses out on when choosing one alternative over another. Because opportunity costs are unseen by definition, they can be easily overlooked. Understanding the potential missed opportunities when a business or individual chooses one investment over another allows for better decision making.
Opportunity cost is often overlooked by investors. In essence, it refers to the hidden cost associated with not taking an alternative course of action. If, for example, a company pursues a particular business strategy without first considering the merits of alternative strategies available to them, they might fail to appreciate their opportunity costs and the possibility that they could have done even better had they chosen another path.
Formula Of Opportunity Cost
Opportunity Cost=FO−CO
where:
FO=Return on best forgone option.
CO=Return on chosen option.
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Answer:
violates the matching principle
Explanation:
The direct write-off method is an accounting method for recognizing bad debts expense arising from credit sales when individual invoices has been identified as uncollectible.
In Accounting, one of the weaknesses of the direct write-off method is that it violates the matching principle.
The direct write-off method is a method of accounting for uncollectible receivables.
Answer:
5,850 units
Explanation:
Units Incomplete at the beginning of the month:
= No. of units × 40% incomplete
= 600 units × 0.4
= 240 units
Units completed during the month:
= 6,000 - 600
= 5,400 units are completed
Units completed at the end of June:
= 700 units × 30%
= 210 units
Number of equivalent units of production for conversion cost for the period:
= 240 + 5,400 + 210
= 5,850 units
