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Classified in Chemistry

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Correlation is a statistical measure of the relationship between any two series of numbers.
Positively correlated describes two series that move in the same direction.
Negatively correlated describes two series that move in opposite directions.
The correlation coefficient is a measure of the degree of correlation between two series.
Perfectly positively correlated describes two positively correlated series that have a correlation coefficient of +1.
Perfectly negatively correlated describes two negatively correlated series that have a correlation coefficient of –1

Sunk costs Are cash outlays that have already been made (past outlays) and therefore have No effect on the cash flows relevant to a current decision.Sunk Costs should not be included in a project’s Incremental cash flows.

Opportunity costs Are cash flows that could be realized from the best alternative use of an owned asset.Opportunity Costs should be included as cash outflows when one is determining a project’s Incremental cash flows.

•The cost Of new asset is the net outflow necessary to Acquire a new asset.
•Installation costs Are any added costs that are necessary to place an asset into operation.
•The installed Cost of new asset is the cost of new asset plus its Installation costs; equals the asset’s depreciable value.

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