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Relevant Cost Definition, Types, Examples, Decision Making
An irrelevant cost remains the same throughout the decision-making process. For instance, consider a company deciding whether to make a product in-house or outsource it. The cost of raw materials is a relevant cost because it varies depending on the alternative chosen. Exclude sunk costs from decision-making processes, focusing only on future costs and benefits.…
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Balance Sheet Formula Assets = Liabilities + Equity
This account balance or this calculated amount will be matched with the sales amount on the income statement. A current asset account that represents an amount of cash for making small disbursements for postage due, supplies, etc. A balance sheet line that includes cash, checking accounts, and certain marketable securities that are very close to…
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How to Become a Therapist: 5 Routes to a Fulfilling Career
Depending on the state you practice in, you will most likely have to complete a certain number of continuing education classes every few years. Try taking continuing education classes related to your area of practice, the needs of your clientele, and your research interests. You may also choose your continuing education course topics to educate…