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3 years ago

A sunk cost is one that _______ Select one:

Business

1 answer:

Minchanka [31]3 years ago

7 0

Answer:

The correct answer is option b.

Explanation:

Sunk costs refers to historical funds spent or incurred that cannot be recovered. Such costs are considered irrelevant during decision making which impacts on the business's future as they present no influence on present or future prospects.

<u>Example</u>

ABC investors decide to acquire land and develop residential houses at a location X. This decision is informed on the fact that the government had recently enacted a policy that led to an increase in demand for residential properties in that location. 6 months into construction of the residential houses, the government reviews and rescinds the policy. This leads to a sharp decline in property values in location X. ABC investors had already incurred 10 million dollars in the project. The 10 million dollars is considered sunk cost.

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3 years ago

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HACTEHA [7]

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2 years ago

Also known as the Federal Information Processing Standards (FIPS), the_______________ framework is a shared set of security stan

elena55 [62]

Answer: NIST

The NIST framework is a shared set of security standards required by the Federal Information Security Management Act

Explanation:

The NIST Cybersecurity Framework provides a policy framework of computer security guidance for how private sector organizations in the United States can assess and improve their ability to prevent, detect, and respond to cyber-attacks.

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4 years ago

One of the reason why there's a need for human resource planning

stepladder [879]

To make an income and earn

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2 years ago

An adjusted trial balance is given below.

son4ous [18]

Answer:

$16,400

Explanation:

The formula for Retained Earnings = Total assets - Total Liabilities except Retained Earnings

Under the Balance sheet in accordance with this question, the asset recognizable are Cash Account Receivables Prepaid Rent and Merchandise inventory. The liability recognizable are Account payable, Salary Payable, Notes Payable and Common stocks

Therefore Retained earnings = (12000+3000+700+25000)-(14000+1500+800+8000)

Retained earnings = 40700 - 24300

Retained earnings = $16,400

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4 years ago