Ok, I can tell that I'm back in school... i've been dreaming about financial statements for a couple of companies this week. One of my assignments was due this week for this Managerial Economics course. It involves having to review a Company, its products, its competitors, etc. etc. Anyhow, I've been reading about my selected Company and its major competitors; evaulating financial statements etc. I've also been speaking Economics-babble as evidenced this week when my best friend was talking about her potential audit schedule. She was saying that the managers were going to do a quarterly audit of Dept X going forward and I reply with, well you know the cost of doing quarterly audits of Dept X is not only the cost of the actual audit for Dept X but also the opportunity cost of the costs of the audits you forego for Depts Y, Z, and Q plus the costs of any potential findings for the other departments. Of course, bless her, she's already earned her MBA from th...