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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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Manny and Irene will be retiring in fifteen years and would like to buy a Mexican villa. The villa costs​ $500,000 today, and ho
ki77a [65]

Answer:

Annual deposit= $37,714.37

Explanation:

Giving the following information:

The villa costs​ $500,000 today, and housing prices in Mexico are expected to increase by​ 6% per year. Manny and Irene want to make fifteen equal annual payments into an​ account, starting​ today, so there will be enough money to purchase the villa in fifteen years.

The account earns​ 10% per​ year.

First, we need to calculate the final value of the house with the following formula.

FV= PV*(1+i)^n

FV= 500,000*(1.06^15)=$1,198,279.1

Now, we can calculate the annual payments required:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

A= (1,198,279.1*0.10)/[(1.10^15)-1]

A= $37,714.37

6 0
3 years ago
Over which of the following factors affecting profits does a business have the most control:
Paul [167]

The factor that affecting profits to a business that have the most control is the expenses.

<h3>How expenses affect profit?</h3>

The expenses play the major role to affect the profit of business organizations, as it is clear that if the firm incurred more expenses in various things that are not related to the business, then ultimately the profit level decreases, and vice-versa.

Therefore, option A is correct.

Learn more about the profit, refer to:

brainly.com/question/15036999

#SPJ1

8 0
2 years ago
Maya Company reports the following amounts for the year ending on December 31, 2004:Merchandise Inventory, January 1, 2004 : $70
Sveta_85 [38]

Answer:

$117,750

Explanation:

Maya Company Merchandise Inventory for the year ended December 31 2004

Merchandise inventory at the beginning $70,000

Add: Cost of transportation 2,300

Merchandise Purchase 195,000

Less: Purchase return and allowances (4,650)

Discount on purchase (3,500)

Cost of goods sold (158,700)

Add: Merchandise return 17,300

Merchandise inventory $117,750

8 0
2 years ago
Prepare the journal entry to record Jevonte Company’s issuance of 35,000 shares of its common stock assuming the shares have a:
Tanzania [10]

Answer: Please see answer in explanation column

Explanation:

a)journal entry to record Jevonte Company’s issuance at $3 par value and $22 cash per share

Account                                            Debit                        Credit

Cash(35,000 x $22)                       $770,000

Common stock, $3 par value(35,000 x 3)                       $105, 000

Paid-in captial in excess of par value, common stock

($770,000  - $105, 000 )                                                      $665,000

b)journal entry to record Jevonte Company’s issuance at $3 stated  value and $22 cash per share

Account                                            Debit                        Credit

Cash  (35,000 x $22)                    $770,000

Common stock, $3 stated value (35,000 x 3)                 $105, 000

Paid-in captial in excess of stated value, common stock

($770,000  - $105, 000 )                                                      $665,000

8 0
3 years ago
What is creative thinking​
Gnom [1K]

Answer:

Creative thinking refers to using abilities and soft skills to come up with new solutions to problems.

Explanation:

Creative thinking skills are techniques used to look at the issue from different and creative angles, using the right tools to assess it and develop a plan.

8 0
3 years ago
Read 2 more answers
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