Cost/Benefity Analysis

Over the last couple of weeks, we have read about accounting and decision making. We are going to apply these concepts to your idea from week 2. Provide a cost/benefit analysis for your idea. Make sure to mention any sunk or opportunity costs involved in the implementation of this policy as well as the long-term increase in projected profitability. You are permitted to use fictional numbers as far as costs go, but you should provide research to support any opportunity costs or projected profitability. You can find industry averages for various program costs and projected benefits. This does not need to be written as a formal research paper, but all research provided does need to be cited in APA format. You may write in the first person because you are presenting your own ideas. You do not need to provide an abstract, but you do need an APA formatted title page and reference page. Your paper should be a minimum of 2 pages (approx. 700 words) not including the title and reference

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Cost-Benefit Analysis
Organizations spend a lot of money on project development. However, the aim of developing these projects is to make money while the society also benefits. Before the construction of a project, it is necessary to conduct a cost-benefit analysis. The analysis is a concept through which the organization weighs the costs and benefits of a project against its alternatives (Mishan, 2015).

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