Opportunity cost is the loss of the potential gain from other options when one option is chosen. An example of a situation that qualifies as opportunity cost is the scenario in which there is a...Read More
Variable cost varies at different level of output, this implies that when the output of a particular firm is at zero, the variable cost will be zero and when there is increase in production of...Read More
Fixed assets like furntiure and land & building (or PP&E) are long term and cannot be readily be converted to cash. While inventory is classed as current asset, I would argue it is less liquid...Read More
There are some future events that will be hard to predict but in this case, the current ratio and the quick ratio have to know the possibility of financial difficulty in the future.
The cur...Read More
20% is the answer to this question. It has always been reiterated that making the right investment is important but it is sad that not all people actually push through with having an investment....Read More