October 19, 2023 4 min read Definitions
The Art of Letting Go: Understanding Sunk Costs with a Smile 🛤️
Penny Wiseacre Accounting Basics Management Accounting Finance Sunk Costs Accounting Finance Management Accounting
An entertaining and educational deep dive into the world of sunk costs in accounting, complete with humor, diagrams, and quizzes to test your knowledge of these unrecoverable expenses.
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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!
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Where Humor and Finance Make a Perfect Balance Sheet!

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