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KIM [24]
2 years ago
6

The economic rule of thumb that only future costs and benefits, not past commitments, should be considered in making a decision

is the:________
Business
1 answer:
insens350 [35]2 years ago
3 0

The monetary rule of thumb that most effective destiny expenses and benefits, no longer past commitments, should be taken into consideration in your decision is the: sunk cost principle.

Regulations of thumb no longer account for unique circumstances or elements going on at a particular time, or that would trade over time, which ought to be considered for making sound financial decisions.

A rule of thumb is a rule or precept that you follow which isn't based totally on exact calculations but is an alternative to enjoy. an amazing rule of thumb is that a broking needs to generate income of ten instances of his salary. more often than not of thumb, a cup of filter espresso incorporates approximately 80mg of caffeine.

A rule of thumb is an extensively accurate guide or principle. it is primarily based on experience or practice in place of concept. inside the valuation industry, these are quick statements like “all organizations in x industry sell for 1 times its revenue.” as an example, all insurance businesses promote for 1 to at least one.5 instances their cash waft.

Learn more about rule of thumb here: brainly.com/question/14525907

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The department chain you work for has had numerous complaints about slow customer service. Your colleague, a sales manager, info
Lady bird [3.3K]

Answer: The advice of sales representative is correct to some extent because one of the reason of slow customer service can be due a lot of customers and small number of sales representatives. But there can be other problem like sales representatives are not trained well to deal with a large number of customers lack of expertise is one the reason plus their motivation can be a reason meaning that they are not paid enough. I don't think so that her advice should be taken because the cause of this is not clear and more valid cause is training of employees and their motivation. Firstly we should know the reason for slow customer service for which we should ask customers by giving them a questionnaire.Second is the cause is lack of expertise so training should be given and if cause is motivation then there should be a pay rise or job rotation, enrichment and enlargement.

4 0
3 years ago
Which of the following is an example of a mixed cost?
My name is Ann [436]

Answer:

C

Explanation:

Mixed cost is a cost that consists of both fixed cost and variable cost

Fixed costs are costs that do not vary with output. e.g., rent, mortgage payments, depreciation

Variable costs are costs that vary with production

An example of variable cost is electricity costs of $3 per kilowatt-hour. If the factory is locked down, no electricity cost would be incurred.

The rental costs of $10,000 per month plus $0.30 per machine hour of use consists of both a fixed cost and a variable cost

the fixed cost is 10,000

the variable cost is  $0.30 per machine hour

8 0
3 years ago
Now, suppose the government were to decrease net taxes by $20 billion without changing the level of government purchases. This w
Art [367]

Answer:

this would shift the aggregate line up by 40 billion implying that the value of the relevent multiplier is 2.

Explanation:

6 0
3 years ago
Many people moved to the Sunbelt to take new jobs in
Lisa [10]


Among the choices above the main reason why many people migrate to Sun belt is to work on the fields of <span>aerospace and electronics this is because of the fast development </span>of the industries in Sun belt and great opportunity are waiting for the migrates. <span>
</span>
4 0
3 years ago
Read 2 more answers
4.37.-On January 1st, Frank bought a used car for $72,000 and agreed to pay it as follows: ¼ down payment; the balance to be pai
Iteru [2.4K]

Answer:

$1,664.099

Explanation:

The amount that should be recognised by the Frank in respect of monthly payments to be made in respect of used car shall be determined using present value of annuity formula as follows:

Total amount to be paid= $72,000*3/4=$54,000

Total amount to be paid=Present value of annuity=R+R[(1-(1+i)^-n)/i]

Where

R=Equal monthly payment to be made=?

i=Interest rate compounded monthly=9/12=0.75%

n=number of payments involved=36

Present value of annuity= $54,000

$54,000=R+R[(1-(1+0.75%)^-36)/0.75%]

$54,000=R+R(31.45)

$54,000=R*32.45

R=$1,664.099=equal monthly payment

4 0
3 years ago
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