Identify a situation where you were presented with a choice

Assignment Help Financial Accounting
Reference no: EM131793952

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: EM131793952

Questions Cloud

Prepare the journal entry to record the sale of the building : Based on the above information prepare the journal entry to record the sale of the building on Jan 1, 2009
How much cash would be freed up : If end of year inventory turnover was increased to 11 through more efficient relationships with suppliers, how much cash would be freed up
Draw diagrams for a right-left rotation : Draw diagrams for a right-left rotation similar to those in the text for the left right rotation.
Distribute a variety of items to outside customers : They are unsure about the impact of this $300,000 loss. The subsidiary's debt was retired, but officials of the parent company made the decision
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
Determine how the equipment will be depreciated : The Fig Tree is considering purchasing some new equipment at a cost of $146,000. The equipment has a 3-year life and is expected to produce cash inflows.
Prepare pelhams accounting entry to record the combination : Receivables $ 80,000 Current liabilities $ (10,000). Prepare Pelhams accounting entry to record the combination with Sampras using the acquisition method
Prepare the journal entry to record the upgrade : Calculate the monthly amortization expense before the upgrade and the accumulated amortization and book value
What doses should be used in the adjacent peaks : Approximately what doses should be used in the adjacent peaks if the initial peak concentrations are to be the same?

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

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