A by-product is best described as *   a. A product that s produced from materials that would otherwise be considered scrap. b. A product that has a lower selling price than the main product. c. A product manufactured along with the main product, a sales value that does not cover its cost of production. d. A product that usually yields a small amount of revenue when compared to the revenue from the main product

Q: 1.Choose all of the following statements that are true. a. Opportunity costs and sunk costs are not…

A: a. Opportunity costs are not shown in the financial statements of companies. While, sunk costs…

Q: TRUE OR FALSE STATEMENT 1: If the ending inventory of finished goods is understated, net  income…

A: Ending inventory is the value of goods lying in the stock on the date of closing the books.

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Q: Does having a positive Contribution Margin always indicate that it is better to continue operations…

A: Contribution Margin is calculated by deduction variable costs from the sales revenue.

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A: Contribution margin Selling price - variable cost of the product. Therefore any change in either of…

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Q: opportunity cost

A: Correct Answer :- A Zero.