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Leviafan [203]
2 years ago
7

Costs incurred prior to the current project are _____ Group of answer choices Reserves Costs Indirect Costs Direct Costs Sunk Co

sts Learning Curve Costs
Business
1 answer:
ratelena [41]2 years ago
5 0

Costs incurred prior to the current project are Sunk Costs .

<h3>What are Sunk Costs?</h3>

sunk cost are those  cost that that is been  incurred  without any recovery.

It can be used in  decision making, which is seen as  bygone and are not taken into consideration for continuity, hence, they are incurred prior to the current project .

Learn more about Sunk Costs at:

brainly.com/question/14042751

#SPJ1

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A business owner makes 1000 items a day. Each day she spends 8 hours producing those items. If hired, elsewhere she could have e
lyudmila [28]

Answer:

Economic profit= $214,000

Explanation:

Giving the following information:

Business:

Units= 28,000 a month

Hours= 224 hours

Total cost= 150,000 a month

Selling price per unit= $15

Other work:

Income= $250 an hour

E<u>conomic profit includes the opportunity cost.</u>

Economic profit= 28,000*15 - 150,000 - 250*224

Economic profit= $214,000

5 0
3 years ago
5. Describe two risks involved in banking, and explain how banks can protect against those risks. (2
MAXImum [283]

Answer:

The two risks are liquidity risk and market risk.

Explanation:

The liquidity risk is the risk that the company will not be able to refinance its liability and this is the most important risk for the banking sector. The financial health of the organization when get worsen the company finds it impossible for it to refinance its liabilities. This has greater effects on the organization's operations.

The market risk is the risk due to the losses of the bank's trading and this is because the interest has moved un favorable in the country in which the bank is operating. The risk also includes its investment in forex, stocks, etc.

5 0
3 years ago
An equal partnership is formed by Rita and Gerry. Rita contributes cash of $10,000 and a building with a fair market value of $1
erastova [34]

Answer:

Rita's basis in her partnership interest is $35000

Explanation:

given data

cash = $10,000

fair market value = $150,000

adjusted basis = $55,000

liability = $60,000

to find out

Rita's basis in her partnership interest

solution

we know both Rita and Gerry half of total liability

we get here 50% share on debt that is

50% share on debt = 50% × liability

50% share on debt = 0.50 × $60,000

50% share on debt = $30000

so basis on interest is here as

basis on interest = cash + adjusted basis - 50% share on debt

basis on interest = $10000 +  $55000 - $30000

basis on interest = $35000

7 0
4 years ago
Judy and Amy are having lunch together and decide to split the bill equally. Amy ordered more expensive items than she normally
salantis [7]

Considering the scenerio about Judy and Amy are having lunch together and decide to split the bill equally. In this case, Amy is less price sensitive when sharing the cost.

What is price sensitivity?

Price sensitivity can be regarded as the degree to which demand changes as result if the changes in cost of a product or service changes.

It should be noted that Price sensitivity helps in measuring price elasticity of demand.

  • And this rule implies that some consumers will refuse to pay more incase there there us availability of lower-priced option.

Learn more at price sensitivity at:

brainly.com/question/14094175

3 0
3 years ago
A company tries to serve the segments whose needs match their _______, and in doing so hope to make very happy and loyal custome
Sever21 [200]
A company tries to serve the segments whose needs match their <span>abilities to deliver/delight.
When a company decided to provide its service only to a specific market, the company will get a stronger footing and marker positioning in that market, which will help the company in obtaining a lot of loyal customer for its products.</span>
6 0
3 years ago
Read 2 more answers
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