1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
nirvana33 [79]
2 years ago
14

Savion is restoring a car and has already spent $4,000 on the restoration. He expects to be able to sell the car for $5800. Savi

on discovers that he needs to do an additional $2,400 of work to make the car worth $5,800 to potential buyers. He could also sell the car now, without completing the additional work, for $3,800. What should he do?.
Business
1 answer:
8090 [49]2 years ago
7 0

Based on the selling price of the car and the cost to work on it, Savion should sell the car now for $3,800.

<h3>Why should Savion sell the car?</h3><h3 />

The profit if he works on the car is:

= Selling price - Addtional work cost

= 5,800 - 2,400

= $3,400

The profit from selling the car is $3,800 which is more than the profit if additional work is done of $3,400.

The $4,000 is irrelevant as it is a sunk cost.

Find out more on sunk costs at brainly.com/question/13695005.

#SPJ1

You might be interested in
The management approach of _____ was one of the first to recognize that enriching the lives of organizational and community fami
Flauer [41]

Answer:

Spaulding

Explanation:

  • Spaulding may be used to refer to the material. 1 People; 2 locations; 3 other uses; 4 See, too.
  • Spaulding Group offers advisory services for housing development and property development.
  • Under these types of firm people is hire who have good knowledge of property and real estate.
  • These people help and advise other people who want to purchase real estate.

6 0
3 years ago
How do consumers benefit from accumulating airline miles?
agasfer [191]

Answer:

I think is b.

Explanation:

or d but double check just from background i eliminate a and c

4 0
2 years ago
Even though Yvonne is terrible at playing tennis, she could still consider it an interest of hers.
zhuklara [117]
This is true. She can learn the rules of the game, terms used, top tennis players, types of courts played on, the various tournaments, her favorite players.
Many people cannot play sports very well but still can be avid fans of the sport! Thank goodness!
8 0
3 years ago
Read 2 more answers
Brad owns a small townhouse complex that generates a loss during the year.
My name is Ann [436]

Answer:

a. Brad might be allowed to deduct up to $25,000

or Brad may be allowed to deduct the loss if he works more than 750 hours as a material participant in connection with the townhouse complex and more than half of personal service.

b. The reduction is equal to 50% of AGI in excess of $100,000. The deduction will be phased out completely if AGI reaches $25,000

Explanation:

Adjusted Gross Income is the final taxable income after all the allowable deductions are adjusted in the income. A tax payer can deduct up to $25,000 for the passive losses. This is standard deduction which Brad can deduct from the income.

7 0
3 years ago
People generally file for bankruptcy because they:
valentina_108 [34]
The correct answer is A) Have more debt than they can pay because there are laws, generally by the state, that limit when people can file for bankruptcy. You are not allowed to file for bankruptcy unless you are unable to afford your debts. Choices B, C, and D, along with being illegal, are also unethical, especially in terms of business.
3 0
3 years ago
Other questions:
  • Which of the following is a primary market transaction?
    13·1 answer
  • Tom is analyzing a project with an initial cost of $38,000 and free cash flow (FCF) of $29,000 a year for 2 years. This project
    11·1 answer
  • Neptune Inc. uses a standard cost system and has the following information for the most recent month, April:
    13·1 answer
  • A nation has a population of 300 million people. Of these, 80 million are retired, in the military, in institutions, or under si
    8·1 answer
  • Kristina just won the lottery, and she must choose among three award options. She can elect to receive a lump sum today of $62 m
    7·1 answer
  • Why should you purchase insurance?
    5·1 answer
  • The company allocated manufacturing overhead of using a predetermined overhead rate of per machine hour. The total actual manufa
    12·1 answer
  • CWN Company uses a job order costing system and last period incurred $70,000 of actual overhead and $100,000 of direct labor. CW
    11·1 answer
  • Why do lower labor costs in other countries lead to job loss in the United
    7·1 answer
  • When aggregate demand falls, to avoid a(n) and return to the long-run equilibrium, we must increase aggregate demand.
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!