Henry Company is considering spending $100,000 for a new grinding machine. This amount could be invested to yield a 12% return. What is the opportunity cost? A. $112,000 B. $88,000 C. $12,000 D. $100,000

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Production Budget

A budget can be defined as a financial plan designed by an undertaking for a definite period in the future that can contribute towards enhancing the financial success of the business undertaking. It is used to estimate the revenue and expenses. The budget generally takes into account both current and future income and expenses.