Answer:
The correct answer is c. A firm considers overhead or depreciation costs to make short-run decisions
Explanation:
As Professor Adam Grant suggests, sunk costs have an important effect on our decisions, but there are three factors that influence us even more: anticipated regret ("will I regret it if I don't give the project another chance?"), project completion ("if I continue to invest, I will finish the project successfully") and the threat of ego ("if I do not continue betting on the project, I will seem a failure"
A good option is to prevent these three factors from occurring and constantly ask for feedback from those around us (collaborators, partners, friends). If we ignore the opinions that go against what we think, we will be putting the project at risk without realizing it. On the contrary, those who do not mind "swallowing pride" in the short term will make better decisions in the long term. On the other hand, separating the project from the person, the entrepreneurial venture, will help us not to take the recommendations of our environment personally and to react much more quickly and quickly.
Answer:
The amount of life insurance is $259700
Explanation:
Easy method for calculating amount of life insurance is a method for families with both spouses working, in good health, with average debt, and not more than three children. It gives an estimate of 7 years of income at 70%. Using easy method, the formula is given as:
life insurance requirement = Annual income × 7 years × 70%
Given that Annual income = $53000
amount of life insurance = $53000 × 7 years × 70% = $259700
I want to know if you're capable of updating current marketing materials, promoting the business at trade fairs, and contacting potential clients through direct mail campaigns.
How do you recognize prospective clients?
Divide Up Your Potential Clientele. The first step in locating and comprehending your potential consumer base is segmenting your current customer base.
Research rivals.
Create a marketing plan for a healthy brand.
Recognize Changing Consumer Demands and Behaviours.
Customer and potential customer definitions
Customers are current users who consume our products, services, or other offerings and express interest in our brand. Potential clients are individuals who haven't yet used our services but are likely to be interested clients in the future.
To know more about potential customer
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Answer:
Journal entries
Explanation:
1. Cash Dr XX
To Sales revenue XX
(Being the cash sales is recorded)
Since the cash is received so we debited the cash as it also increases the assets and the sales revenue would be credited as it an income for the company
2. Cost of goods sold XX
To Merchandise inventory XX
(Being the cost of goods sold is recorded)
While calculating the cost of inventory we debited the cost of goods sold and credited the merchandise inventory
1. Account receivable Dr XX
To Sales revenue XX
(Being the cash sales is recorded)
Since the sales is made on account so we debited the account receivable as it also increases the assets and the sales revenue would be credited as it an income for the company
2. Cost of goods sold XX
To Merchandise inventory XX
(Being the cost of goods sold is recorded)
While calculating the cost of inventory we debited the cost of goods sold and credited the merchandise inventory
Answer:
much <em>more </em>likely;
There is only one car dealership in a small town, giving the dealership the ability to influence the price of cars. - <em>Market power</em>
A person smoking in a restaurant emits second-hand smoke that harms other restaurant patrons. - <em>Externality</em>
Explanation:
<u>Property rights</u> are an incentive for individuals to create goods that are needed on the market. In other words, when a discrepancy between demand and supply occurs on a specific market, entities, businesses or individuals that create the goods are motivated to meet market needs through enforced property rights.
On the other hand, when there is a lack of property rights that regulate the market, <em>market failures</em> occur. Two common types of market failures include <em>market power</em> and <em>externalities</em>.
The car dealership example shows <u>market power</u> in practice, as the reigning company can dictate car prices.
The second example shows an externality, as there is evident influence (cost or benefit) on the third party, which they cannot change. People are affected (negatively) by smoke they did not create.
