Q1 (a) Identify each of the following cash items whether it is fixed cost, variable cost, sunk cost, opportunity cost or implicit cost. An appliance company was considering investing in a new line of refrigerators to sell but instead chose to invest the same amount of money into an employee training program (i) (i) The expenses incurred in legal proceedings and regulations formation of the company. (ii) You created a music streaming service and spent RM 5,000 on marketing and advertising to help spread the word about it to consumers. As a result, the marketing and advertising campaigns prove ineffective.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Q1
(a)
Identify each of the following cash items whether it is fixed cost, variable cost, sunk
cost, opportunity cost or implicit cost.
An appliance company was considering investing in a new line of
refrigerators to sell but instead chose to invest the same amount of money
into an employee training program
(i)
(i)
The expenses incurred in legal proceedings and regulations formation of the
company.
(ii)
You created a music streaming service and spent RM 5,000 on marketing and
advertising to help spread the word about it to consumers. As a result, the
marketing and advertising campaigns prove ineffective.
(iii)
Cost of shipping finished goods to customers.
(iv)
An attorney who currently works for a corporate law firm is considering opening
their own legal practice.
Transcribed Image Text:Q1 (a) Identify each of the following cash items whether it is fixed cost, variable cost, sunk cost, opportunity cost or implicit cost. An appliance company was considering investing in a new line of refrigerators to sell but instead chose to invest the same amount of money into an employee training program (i) (i) The expenses incurred in legal proceedings and regulations formation of the company. (ii) You created a music streaming service and spent RM 5,000 on marketing and advertising to help spread the word about it to consumers. As a result, the marketing and advertising campaigns prove ineffective. (iii) Cost of shipping finished goods to customers. (iv) An attorney who currently works for a corporate law firm is considering opening their own legal practice.
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