Define Opportunity Cost
Opportunity Cost: The value of the substitutes foregone by approving a particular strategy or utilizing resources in a particular manner. Al so termed as Alternative Cost or Economic Cost.
A financial analysis tools that measures the need for financing. The formula is the cash-flow from operating activities divided by the cash paid for long-term asset. Cash paid for long-term assets can be found on the statement of cash-flow, in the investing-activities
The rights of each partner: Under the Partnership Act, partners have the right to: Share equally in profits and losses; Indemnity; Interest on advances; Interest on capital; Share in management of
Avoidable Cost: The cost related with an activity which would not be acquired if the activity were not executed.
Write a short note on the changing responsibilities of the management accountant?
Variance: The rate, amount, extent, or degree of change, or the divergence from a preferred state or characteristic.
Performance Measurement: A means of computing effectiveness, efficiency, and outcomes. A balanced performance measurement score-card comprises financial and non-financial measures focusing on the quality, cycle-time, and price. The performance measure
Briefly describe the main purpose of the business?
What do you mean by the term relevance which is accounting information?
Refer to the below data. A budget surplus occurred in year: A) 2. B) 3. C) 4. D) 6. Provide solution of th
What do you mean by the term key performance indicators or KPI? Explain in brief?
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