Answer: Check attachment
Explanation:
Miscellaneous expenses are the small and infrequent expenses which a business incurs.
Based on the question, the miscellaneous expenses is calculated as:
= $2200 - $223
= $1977
Check the attachment for further details
Answer:
Sunk cost will be = $70
Explanation:
Sunk Cost refers to the cost for which the amount has been already spent, and cannot be recovered. These are generally incurred and then not regarded for decision making as irrespective of decision being viable or not this cost cannot be avoided.
In the given instance, Damon Rutton Purchased the ticket of $70
This is the only cost which has already been incurred, else other costs of parking and food will only be incurred if he visits the game of Sarasota Shippers.
When he spend some time with his wife sunk cost will be = $70
Explanation:
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Answer:
$490
Explanation:
For computing the amount of shrinkage first we have to find out the ending inventory which is shown below:
= Beginning Inventory + Purchases - Inventory Sold
= $12,000 + $38,000 - $35,210
= $14,790
Now
Actual Ending Inventory = $14,300
So,
Shrinkage amount is = Ending Inventory as per Book Value – Actual Ending Inventory
= $14,790 - $14,300
= $490
