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October 12, 2023 5 min read Definitions

💰 Cracking the Code of Relevant Costs: Decision-making Magic for Managers!

Penny Foryourthoughts Accounting Decision Making Cost Analysis Relevant Cost Sunk Costs Differential Analysis Make or Buy Accounting

Dive into the pool of relevant and irrelevant costs! Understand how to make smart decisions using expected future costs, avoiding common traps with past sunk costs. Spoiler: A gripping example with doors and specialist locks inside!

Read more about 💰 Cracking the Code of Relevant Costs: Decision-making Magic for Managers!.

October 11, 2023 4 min read Definitions

🔍 Uncovering Relevant Costs—The Secret Sauce of Smart Decision Making! 👩‍🔬

Daisy Dilemmas Cost Accounting Managerial Accounting Costs Future Cash Flows

An in-depth, fun, and witty exploration into the world of relevant costs, explaining how managers can make informed decisions by focusing on future cash flows and avoiding the traps of sunk costs.

Read more about 🔍 Uncovering Relevant Costs—The Secret Sauce of Smart Decision Making! 👩‍🔬.

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