Identify a situation where you were presented with a choice

Assignment Help Cost Accounting
Reference no: EM131491743

Discussion

Every time we have to make a choice we are faced with an opportunity cost. Using an example in your professional life, identify a situation where you were presented with a choice, the opportunity cost of the choice you made, and the process you used to make your choice. As part of your discussion, explain whether or not responsible stewardship played a role in your choice. Remember to use the appropriate economic concepts and terminology that are applicable to your answer.

Reference no: EM131491743

Questions Cloud

Discussed in lectures and assume annual payments : Please use the results discussed in lectures and assume annual payments.
Berkshire hathaway and cerberus capital management : What is the differences between Berkshire Hathaway and Cerberus Capital Management in terms of:
Product increases for a normal good : When the price of a product increases for a normal good, the:
Uses the aging approach to estimate bad debt expense : Brown Cow Dairy uses the aging approach to estimate bad debt expense. Give the required journal entries for the two items listed above.
Identify a situation where you were presented with a choice : identify a situation where you were presented with a choice, the opportunity cost of the choice you made, and the process you used to make your choice.
Draw a sequential fact diagram based on the sources : Draw a Sequential Fact Diagram (SFD) based on the sources and the system map. Remember to include only those items for which evidence exists
Outlines the treatment of the gain on the sale of building : Complete each statement, based on the entity described, that outlines the treatment of the gain on the sale of the building.
What would the annual yield to maturity be on bond : What would the annual yield to maturity be on the bond if you purchased the bond today and held it to maturity.
Which definition of race do you support and why : Which definition of race do you support? Why? What are motivating factors for early Americans to construct race and racial categories?

Reviews

Write a Review

Cost Accounting Questions & Answers

  Equity-based compensation plans does intel have

What number of diluted weighted-average shares outstanding was used by Intel in computing earnings per share for 2011 and 2012? What were Intel's diluted earnings per share in 2011 and 2012?

  Find costs of ordering for each of the annual orders

Prepare a table like Exhibit 7.14. Find the costs of ordering and carrying inventory for each of the following number of annual orders: 40 orders, 50 orders, 60 orders.

  Transaction analysis and statements congress authorized the

transaction analysis and statements. congress authorized the flood control commission to start operation on october 1

  What was amount of gain or loss on retirement of bonds

The bonds were dated January 1, 20011. Interest is paid semiannually on January 1 and July 1. On April 1, Hanson purchased 1/2 of the bonds on the open market at 99 plus accrued interest and canceled them.

  What is the basic formula for the markup percentage

What is the basic formula for the markup percentage? What are some of the factors that affect a company's desired ROI?

  Prepare a salary budget for the fiscal year

Prepare a salary budget for the fiscal year 7/1/X1 to 6/30/X2. Staffing levels are based on the need for six hours of hands-on work per patient day.

  What is anticipated level of profits for the expected sale

What is the anticipated level of profits for the expected sales volumes? Assuming that the product mix would be 40 percent chicken and 60 percent steak at the break-even point, compute the break-even volume.

  Find abc limited account of motor vehicles

ABC limited account of motor vehicles as at 1/1/03 was Ksh. 5,000,000 while the accumulated depreciation as at that date was Ksh. 2,000,000. During the year the following transaction took place.

  At what tolerance should the panels be manufactured

At what tolerance should the panels be manufactured? Show calculations. What should be the production specification for these panels?

  Transform financial statements from barclays bank group

transform financial statements from barclays bank group limited to an xbrl gaap or ifrsinstance document. provide a

  Using the indirect method

1. Using the indirect method, compute the net cash provided by operating activities for Year 2.2. Prepare a statement of cash flows for Year 2.

  Compute the amount of cash flow from operations

Compute the amount of cash flow from operations and comment on the major reasons why cash flow from operations exceeds net income.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd