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Rasek [7]
2 years ago
12

__________ costs are costs that have been incurred in the past, cannot be recouped, and are not relevant to future decisions.

Business
1 answer:
Juli2301 [7.4K]2 years ago
4 0

Answer:

are called

Sunk costs

Explanation:

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The primary measure of a nation's level of development is its _____.
Veronika [31]

The answer is per capita gross domestic product. The per capita GDP is the one responsible for measuring the country’s total output in which they take their GDP and are being divided by how many are the people in their own country.

7 0
3 years ago
Trading centers in other countries helped the mother country in all of the following ways except for
VMariaS [17]
Trading centers in other countries helped the mother country in all of the following ways except for...

Answer: Out of all the options that are shown above the one that is not a way that trading centers helped the mother country is answer choice A) becoming more self-sufficient.

I hope it helps, Regards.
7 0
3 years ago
Read 2 more answers
Consider the market for cars. Which determinant of supply is affected by each of the following events? a. A steel tariff increas
Kitty [74]

Answer & Explanation:

1.  A steel tariff increases the price of steel :  Increase in of 'Price of inputs' -  decreases (leftward shifts) supply curve

2. Improvement in robotics increase efficiency & reduces costs : Upgradation of 'technology'-  increases (rightward shifts) supply curve

3. Factories close because of am economic downturn : 'Number of sellers' reduce - decreases (leftward shifts) supply curve.

4. The price of trucks falls, so factories produce more cars : Decrease in 'price of related goods' - increases (rightward shifts) supply curve.

5. The government announces a plan to offer tax rebates for the purchase of commuter rail tickets : 'Expectations' regarding rise in relative price of cars - decreases (leftward shifts) supply curve.

6. The government announces that it will dramatically rewrite efficiency standards, making it much harder for automakers to produce their cars : 'Goverment policy' stringency  - decreases (leftwards shifts) supply curve.

4 0
3 years ago
A Liquidation of a partnership LO P5 Kendra, Cogley, and Mei share income and loss in a 3:2:1 ratio (in ratio form: Kendra, 3/6;
morpeh [17]

Answer:

a. Inventory is sold for $608,400.

gain on sale of inventory = $608,400 - $537,600 = $70,800

allocation of gain:

Kendra 1/2 x $70,800 = $35,400

Cogley 1/3 x $70,800 = $23,600

Mei 1/6 x $70,800 = $11,800

Dr Cash 608,400

    Cr Inventory 537,600

    Cr Gain on sale of inventory 70,800

Dr Gain on sale of inventory 70,800

    Cr Kendra, capital 35,400

    Cr Cogley, capital 23,600

    Cr Mei, capital 11,800

Dr Accounts payable 258,000

    Cr Cash 258,000

Dr Kendra, capital 112,100

Dr Cogley, capital 196,175

Dr Mei, capital 146,025

    Cr Cash 454,300

b. Inventory is sold for $469,200.

loss on sale of inventory = $469,200 - $537,600 = -$69,400

allocation of loss:

Kendra 1/2 x $68,400 = $34,200

Cogley 1/3 x $68,400 = $22,800

Mei 1/6 x $68,400 = $11,400

Dr Cash 469,200

Dr Loss on sale of inventory 68,400

    Cr Inventory 537,600

 

Dr Kendra, capital 34,300

Dr Cogley, capital 22,800

Dr Mei, capital 11,400

    Dr Loss on sale of inventory 68,400

Dr Accounts payable 258,000

    Cr Cash 258,000

Dr Kendra, capital 42,400

Dr Cogley, capital 149,775

Dr Mei, capital 122,825

    Dr Cash 315,100

c) c. Inventory is sold for $358,800 and any partners with capital deficits pay in the amount of their deficits.

loss on sale of inventory = $358,800 - $537,600 = -$178,800

allocation of loss:

Kendra 1/2 x $178,800 = $89,400

Cogley 1/3 x $178,800 = $59,600

Mei 1/6 x $178,800 = $29,800

Dr Cash 358,800

Dr Loss on sale of inventory 178,800

    Cr Inventory 537,600

 

Dr Kendra, capital 89,400

Dr Cogley, capital 59,600

Dr Mei, capital 29,800

    Dr Loss on sale of inventory 178,800

Dr Cash 12,700

    Cr Kendra, capital 12,700

Dr Accounts payable 258,000

    Cr Cash 258,000

Dr Cogley, capital 112,975

Dr Mei, capital 104,425

    Dr Cash 217,400

   

d. Inventory is sold for $298,800 and the partners have no assets other than those invested in the partnership.

loss on sale of inventory = $298,800 - $537,600 = -$238,800

allocation of loss:

Kendra 1/2 x $238,800 = $119,400

Cogley 1/3 x $238,800 = $79,600

Mei 1/6 x $238,800 = $39,800

Dr Cash 298,800

Dr Loss on sale of inventory 238,800

    Cr Inventory 537,600

 

Dr Kendra, capital 119,400

Dr Cogley, capital 79,600

Dr Mei, capital 39,800

    Dr Loss on sale of inventory 238,800

Dr Cogley, capital 28,467

Dr Mei, capital 14,233

    Cr Kendra, capital 42,700

Dr Accounts payable 258,000

    Cr Cash 258,000

Dr Cogley, capital 64,508

Dr Mei, capital 80,192

    Dr Cash 144,700

6 0
3 years ago
The following information was obtained from MCB​ Manufacturing, Inc.:Advertising Costs $9,900Indirect Labor 53,000CEO's Salary 6
Eddi Din [679]

Answer:

The MCB Manufacturing's total product costs is $170,560

Explanation:

The computation of the total product cost is shown below:

Total product cost = Indirect Labor + Direct Labor + Indirect Materials Used + Direct Materials Used  + Factory Utilities + Factory Janitorial Costs + Manufacturing Equipment Depreciation

= $53,000 + $40,000 + $7,500 + $65,000 + $760 + $1,200 + $3,100

= $170,560

Thus, the product cost is that cost which includes all types of direct and the indirect costs which are used to ready the product.

8 0
3 years ago
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