What is mining? Explain why the real cost of goldis more than what most people pay for it. What aresome examples of costs not accounted for?
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What is mining? Explain why the real cost of gold
is more than what most people pay for it. What are
some examples of costs not accounted for?
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- What are the disadvantages of cutting expenses and costs , when it comes to working capital and operating cycle?Why is it difficult to assign a dollar figure to an intangible cost? Can it ever be done? Explain your answer, and provide an example.A cost that cannot be changed because it arises from a past decision and is irrelevant to future decisions is a. An uncontrollable cost. d. An opportunity cost. b. An out-of-pocket cost. e. An incremental cost. c. A sunk cost.
- Why do companies allocate costs? What are some of the advantages and disadvantages to doing so?Why would a company choose to factor itsreceivables, given that it will get less money than thereceivables are worth?Managers have some flexibility in setting the estimated useful lives of depreciable assets. Explain how this could allow managers to manipulate earnings. Would depreciation be considered a variable cost or a fixed cost? Explain how a change in sales price, variable cost, or fixed cost affects breakeven in units and breakeven in sales.
- What does it mean to have negative working capital?A unique feature of the analysis of a replacement decision is that Group of answer choices a. the analysis considers total rather than differential costs. b. the amount used as the cost of the investment is not likely to equal the price to be paid for the new asset. c. the time value of money is ignored. d. such decisions seldom involve cash flows.Which of the following would reduce net profit margin but have no effect on gross profit margin?a) Reducing the commission rate paid to salesmen.b) Negotiating a lower purchase price for raw materials.c) An increase in IT support costs for the accounting package used.d) Increasing the expected economic lives of machinery used in the production function.