Opportunity Cost Is the Amount of Increase or Decrease in Revenue

question 79

True/False

Opportunity cost is the amount of increase or decrease in revenue that would result from the best available alternative to the proposed use of cash or its equivalent.

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Definitions:

Accounts Receivable Turnover

Accounts receivable turnover is a financial ratio that measures how many times a business can collect its average accounts receivable during a period, indicating the efficiency of credit and collection activities.