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mafiozo [28]
3 years ago
12

You decided to take a college accounting course to brush up on your knowledge of the language of business. The tuition expense w

as $500. After the date has expired to receive a refund for the course, you are offered a job that would conflict with your class time. In making the decision to accept or decline the offer, the $500 is:_______.
Business
1 answer:
DerKrebs [107]3 years ago
8 0

Answer:

The $500 is the opportunity cost.

Explanation:

The sunk cost can be defined as a cost that has already been incurred. Such as cost can no longer be recovered. A sunk cost is considered to be irrelevant and is excluded from decision making.  

If an individual decided to take an accounting course and paid the tuition fee of $500 and gets a job offer later. If he/she decides to take up the job the tuition fee paid will be the sunk cost which cannot be recovered anymore.

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A cash dividend is a payment made from the corporation's current earnings or accumulated profits to stockholders in general.

<h3>What is Cash dividend?</h3>

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