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]
1 year 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]1 year 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
One might infer from a debit balance in allowance for doubtful accounts that
shtirl [24]

Answer:

The answer is:

More accounts have been written off than had been estimated

Explanation:

Doubtful debt or bad debt is an expense. According to the rule of accounting, debit increases an expense while debit decreases an expense.

So the debit balance balance in allowance for doubtful accounts tells us that there is an increase in expense which means that more accounts(bad debt) have been written off.

So we can infer from the debit balance that more accounts have been written off than had been estimated

3 0
3 years ago
Merger and acquisition strategies
aniked [119]

Answer: Option (E)

Explanation:

Merger strategies are usually undertaken by an organization in order to form a strategic merger with several other organizations so as to accelerate the growth, instead of growing organically. Acquisition strategy tends to involves the finding methodology for acquisition of the target organization which generates the value for acquirer.

5 0
3 years ago
The fiscal 2016 balance sheet for Whole Foods Market reports the following data (in millions). Cash and Cash Equivalents Marketa
Lilit [14]

Answer:

Option C 0.72 is correct

Explanation:

Cash and cash equivalents 351

Marketable securities         379

Accounts receivable         242

Total quick assets                 972

Divide by Current liabilities 1341

Quick ratio                         0.72

3 0
3 years ago
Read 2 more answers
Why is budgeting important for a company? What are some reasons that a company would not prepare a budget?
zubka84 [21]

Answer: Budgeting helps to plan, coordinate , delegate responsibility and enhancing clarity in pursuit of an organisation.

Explanation: Every budgets is principally prepared to achieve a set target  but there some limitations which makes it  difficult for some companies to prepare and follow through with a budgeted plan action. Some of these limitations at any given point in time affect the activities of the organisation. It may be traced to Production capacity, shortage of labour, materials, space, Finance and customer demand. This  limitation can at any point in time affect the overall plan of the organisation making it difficult to achieve their set target .

7 0
3 years ago
Read 2 more answers
FTYZ Transport Inc. was supposed to pay wages amounting to $1,500 in March, which was the last month of its accounting period. H
leva [86]

Answer: Wages account debit

Wages payable account credit

Explanation:

Sdjusting entries are simply referred to as the journal entries that are made when the accounting period ends such that there is allocation of the income and the expenditure incurred by the economic agent to the period in which the income and the expenditure occurred.

In this case, the adjusting journal entry passed by the accountant will be to debit the wages account by $1500 and then credit the wages payable account by $1500.

7 0
3 years ago
Other questions:
  • Researcher wants to conduct a secondary analysis using a centers for disease control and prevention (cdc) database that was coll
    5·2 answers
  • on average, someone with a bachelor's degree is estimated to earn _ times mire than someone with a high school diploma
    14·1 answer
  • A state may not discriminate against citizens of other states, and each must give "full faith and credit" to the official acts o
    12·1 answer
  • As of June 30, 2018, the bank statement showed an ending balance of $16,216. The unadjusted Cash account balance was $15,119. Th
    13·2 answers
  • In December 2016, Custom Mfg. established its predetermined overhead rate for jobs produced during 2017 by using the following c
    15·1 answer
  • Fox Co. has identified an investment project with the following cash flows. Year Cash Flow 1 $ 1,250 2 1,180 3 1,570 4 1,930 a.
    5·1 answer
  • CodeDesk Inc matches programmers with freelance jobs. It has 35 employees who staff its online chat room. It receives, on averag
    7·1 answer
  • When a securities firm acts as a(n) ____, it makes a market in specific securities by maintaining an inventory of those securiti
    5·1 answer
  • Categories such as education and household size represent which of the following?
    7·1 answer
  • The flexible budget performance report directs management's attention to areas where: (Check all that apply.)
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!