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Why is the sunk cost is unavoidable cost?
Sunk cost is that cost which is incurred in past and it is unavoidable because any past decision or action cannot be reversed.
Which cost amounts can be found in a firm's accounting records?
sunk cost
Is fixed cost the same as sunk cost?
Sunk cost is that cost which is incurred in past so in decision making process any cost which is incurred in past has no effect on future events and due to which all fixed cost which are also incurred in past has no effect in future that's why it is not relevent for decision making process, so for decsion making point of view yes fixed cost is sunk cost.
What are the importance cost sheet?
what are the importance of cost sheet?
What is the definition of sunk cost?
A cost that has already been incurred and thus cannot be recovered. because it has already happened. Sunk costs are independent of any event that may occur in the future.
Why is the sunk cost is unavoidable cost?
Sunk cost is that cost which is incurred in past and it is unavoidable because any past decision or action cannot be reversed.
Which cost amounts can be found in a firm's accounting records?
sunk cost
Is fixed cost the same as sunk cost?
Sunk cost is that cost which is incurred in past so in decision making process any cost which is incurred in past has no effect on future events and due to which all fixed cost which are also incurred in past has no effect in future that's why it is not relevent for decision making process, so for decsion making point of view yes fixed cost is sunk cost.
What are the importance cost sheet?
what are the importance of cost sheet?
What is the definition of sunk cost?
A cost that has already been incurred and thus cannot be recovered. because it has already happened. Sunk costs are independent of any event that may occur in the future.
Is it true or false that a cost that will not be affected by later decisions is termed an opportunity cost?
A cost that will not be affected by later decisions is termed a sunk cost.
Explain the relation between sunk costs and specificity?
Specificity refers to the percentage of an investment that will be lost if the asset is switched to another use. Sunk cost is a cost that cannot be avoided once incurred. The relation between them is
Importance of cost control in project management?
Importance of cost control in project management?
Costs that were incurred in the past which are never incremental costs are called?
sunk cost
Who monitors sunk cost?
Even in a strong form efficient capital market, external monitors may not have an adequate incentive to discipline managers who have succumbed to moral hazard and caused the corporation to bear an inefficient sunk cost
How would you define a book cost?
Book cost ; sunk cost. A cost incurrence where the cash expenditure has already occurred, such as the cost of depreciation for a machine purchased several years ago.
What is the difference between opportunity cost and sunk cost?
sunk costs : These are costs that were incurred in the past. Sunk costs are irrelevant for decisions, because they cannot be changed.Opportunitycost: The profit foregone by selecting one alternative over another. It is the net return that could be realized if a resource were put to its next best use. It is "what we give up" from "the road not taken."
