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1. Is nonfinancial information ever useful in managerial decision making? Identify some qualitative factors that...

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Accounting

1. Is nonfinancial information ever useful in managerial decision making? Identify some qualitative factors that could be considered when making managerial decisions.

2. What makes a cost relevant or irrelevant? Identify the two types of relevant costs. Why are sunk costs irrelevant in deciding whether to sell a product in its present condition or to make it into a new product through additional processing?

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