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
anyanavicka [17]
3 years ago
9

The lesson of __________ is to forget about the money that's irretrievably gone and instead to focus on the marginal costs and b

enefits of future options. sunk costs marginal utility marginal analysis budget constraints
Business
1 answer:
kotykmax [81]3 years ago
6 0

The lesson of sunk costs is to forget about the money that's irretrievably gone and instead to focus on the marginal costs and benefits of future options. A sunk cost is a cost that happened during the manufacturing of something else and there is no way to recover that money back if the item or service fails. These costs will happen no matter the decision or outcome of a situation so most companies do not factor in sunk costs.

You might be interested in
Statement on Standards for Tax Services No. 1 establishes as a basic principle of providing tax services that the CPA:a. Must ha
ipn [44]

Answer:

a. Must have a good faith belief that the tax return position will be accepted by the IRS.

Explanation:

Certified Public Accountant (CPA) is a term used to refer to the state title of approved accountants in the Uniform Certified Public Accountant Examination. The CPA allows these professionals to issue opinion statements in financial reports, following a few rules. For example, the Tax Services Standards Statement No. 1 states that a basic principle of the provision of tax services that the CPA has is to have a good faith belief that the tax return position will be accepted by the IRS.

3 0
3 years ago
Journalize the following transactions for Combs Company.
lions [1.4K]

Answer:

No      Account Titles and Explanation             Debit       Credit

A.        Raw material inventory                          $13,800

                Direct material price variance                            $740                        

                 ($13,800 - $13,060)

                 Account payable                                                 $13,060

           (To record purchase of materials)

B.      Work in process inventory                          $13,780

         6,890 * ($13,800/6,900)

               Direct material quantity variance                           $220                

               ($13,780 - $13,560)

               Raw materials inventory                                          $13,560

               6,780 * ($13,800/6900)

      (To record materials issued to production)

8 0
3 years ago
What are the pricing methods
maria [59]
The four types of pricing methods.

6 0
3 years ago
What flexibility assessment requires a partner?
SSSSS [86.1K]
Among the choices, letter A. trunk lift can be done with a partner. Trunk rotation and sit-and-reach can be done alone. When doing trunk lift, you can't measure alone on how far you have reached. Your in laying position where you are facing down. Your two hands are pressed under your legs.
6 0
3 years ago
Read 2 more answers
choose a real or made-up example of a company, and describe at least three variable costs the company has. (1-3 sentences.
Solnce55 [7]
For a restaurant, some variable costs could be labor costs/ worker wages, raw product/ purchasing food to cook, and energy and fuel/ utilities.
7 0
3 years ago
Other questions:
  • The black box warning that must be included on all antidepressants notes the increased risk of ____.
    15·1 answer
  • A. On 8/6/10 the company purchased some additional equipment from a restaurant that closed the previous month. The equipment was
    5·1 answer
  • Which of the following cash flows should be included in the investing Section of the statement of cash
    13·1 answer
  • A____ helps you plan and organize your finances.
    10·1 answer
  • Suppose that​ Firm A and Firm B are independently deciding whether to sell at the low price or a higher price. The payoff matrix
    6·1 answer
  • A price ceiling A. is an illegal price. B. is the maximum price that can legally be charged. C. is the price that exists in a bl
    14·1 answer
  • In negotiations with Diamond Refining Company, Coastal Oil, Inc., insists that their contract be drafted according to certain pl
    13·1 answer
  • Rooftop International, Inc. buys insurance against host government takeover when investing in foreign countries. This is an exam
    13·1 answer
  • The name of the business and the title of the job advertisement<br>​
    14·1 answer
  • After all assets are sold and liabilities are settled, the partnership of Bina and Niren is liquidated. Capital balances are $30
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!