Heston and Burton, CPAs, Currently Work a Five-Day Week

question 87

Multiple Choice

Heston and Burton, CPAs, currently work a five-day week. They estimate that net income for the firm would increase by $75,000 annually if they worked an additional day each month. The cost associated with the decision to continue the practice of a five-day workweek is an example of a (n)

• A) differential revenue
• B) sunk cost
• C) differential income
• D) opportunity cost

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Definitions:

Full Block

A style of writing or formatting business letters where all text is aligned to the left margin and no indentation is used.

Symbol "c"

Typically represents the speed of light in scientific contexts, but can also denote copyright in text or artistic works.

Plain Language

Writing or speech that is clear, straightforward, and easy to understand, often used to make information accessible to a wider audience.

Business Correspondence

Written communication between businesses or within a business, encompassing letters, emails, memos, and reports.