Principles of managerial Accounting
Discuss opportunity costs and sunk costs in an investing decision framework?
Need 150 words or more. Use the reading material that is provided.
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Sunk costs comprise the costs which have been incurred already in the past whereby anything that is done currently or in the future cannot affect them (Sawyers, R., Jackson, S., & Jenkins, G. J. 2012). In an investing decision framework, the sunk costs have no effect on the decision neither on the economic analysis both at the present and in future…
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