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kolezko [41]
3 years ago
12

Jacques has plans to go to a play and already has a $50 nonrefundable, nonexchangeable, and nontransferable ticket. Now Kyoko, w

hom Jacques has wanted to date for a long time, asks him to a concert. Jacques would prefer to go to the concert with Kyoko and forgo the play, but he doesn't want to waste the $50 he spent on the play ticket. From the perspective of an economist, if Jacques decides to go to the concert with Kyoko, what has he just done
Business
1 answer:
77julia77 [94]3 years ago
3 0

Answer:

Explanation:

Rightly ignored a sunk cost since he cannot recover the money back and it really does not have any effect on the decision in the future

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If an automobile manufacturer discovers a potentially hazardous defect in the product, the subsequent recall of the vehicles is
barxatty [35]
<span>The United States Consumer Product Safety Commission, also known as CPSC, would be responsible for enforcing the recall on a defective vehicle. This is an independent federal agency that is responsible for protecting the people from risks or injuries that are unnecessary and could be prevented when it comes to consumer goods. This group was established by Congress in 1972.</span>
3 0
3 years ago
If a cash basis business owner pays 18 months of rent expense in advance during the last month of the tax year, how is this trea
borishaifa [10]

Answer:

Check the following consideration

Explanation:

Since the business owner follows cash basis of accounting the treatment is amount expensed during the financial year can be shown as expenses. hence in the current case rent for 18months can be shown as expenses for that financial year and it can be shown as a deduction while computing tax liability.

7 0
2 years ago
The following accounts and their balances appear in the ledger of Goodale Properties Inc. on June 30 of the current year: Common
Katyanochek1 [597]

Answer:

Explanation:

Particulars                                                                                  Amount

Common stock $15 par value                                                   594,000

Paid-In Capital in Excess of Par—Common Stock                  <u>    15,840</u>

Total Paid-In Capital                                                                  609,840

From sale of Treasury stock                                                24,400

Add: Retained Earnings                                                            932,000

Deduct: Treasury Stock (645 shares)                                 <u>12,255</u>

Total Stockholders' Equity                                                     1,553,985

3 0
3 years ago
Silver Corporation incurred costs of $600,000 for managing the wholesale division during the year. The customer details of the c
elena-s [515]

Answer: $200,000

Explanation:

The cost will be allocated to customer Y, if a cause-effect relationship cannot be established with any cost driver will be calculated thus:

Total sales = $600,000 + $400,000 + $200,000 = $1,200,000

The percentage of Y on total sales will be:

= $400,000/$1,200,000 × 100

= 1/3 × 100

= 33.33%

Therefore, the cost that's allocated to Y will then be:

= $600,000 × 33.33%

= $600,000 × 0.3333

= $200,000

Therefore, the correct answer is $200,000

8 0
2 years ago
Economist: On average, the emergency treatment for an elderly person for injuries resulting from a fall costs $11,000. A new the
madreJ [45]

Answer: <em>Option (C) is correct.</em>

Explanation:

<em>A recurrent conclusion of injuries occurred while falling is a long-term pain, medication for these are not taken in consideration among  intermediate per-person costs of emergency cure for aged or old individuals's laceration from such falls</em>, if true, will have the tendency to seriously undermines conclusion of argument given in the comprehension.

This states that argument given in the comprehension has not taken in consideration cost for medicine which overall will increase cost. Thereby with an increase in cost the given statement will become untrue since the cost of surgery and medicine combined is higher than cost, in such a case treatment would be more economical. Therefore it undermines conclusion of argument.

8 0
3 years ago
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