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imported>Doug Williamson |
imported>Doug Williamson |
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| | The currency in which financial statements are presented. |
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| The expected return that is foregone by investing in a project, rather than in the next best use of capital or other resources.
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| It is the opportunity cost of capital and other resources that is the relevant economic measure for financial decision making purposes.
| | ==See also== |
| | * [[Functional currency]] |
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| | | [[Category:Accounting,_tax_and_regulation]] |
| Opportunity cost is an important and powerful concept in cash management.
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| Examples of opportunity costs include leaving cash in a non-interest bearing bank account.
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| The organisation loses the opportunity to pay down debt (and save interest) or to invest the cash elsewhere (and earn interest).
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| The same as 'opportunity loss'.
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| == See also ==
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| * [[Cost]]
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| * [[Cost of capital]]
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| * [[Float]]
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| * [[Opportunity cost of capital]]
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| * [[Opportunity loss]]
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| * [[Production possibility curves]]
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| * [[Supernormal profit]]
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| * [[Value dating]]
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Latest revision as of 07:07, 2 July 2022
The currency in which financial statements are presented.
See also
