Answer:
many other sellers are offering a product that is essentially identical.
Explanation:
Answer:
Option (B) is correct.
Explanation:
A sunk cost is a cost that was already incurred in the past, alternatively we can say that it is a past cost. These are the costs which cannot be recovered in the future.
The examples of the sunk cost is depreciation expenses, salary expenses, maintenance expense etc.
Therefore, it is not considered in the decision making process which will be held in the future
Since, in the given question, the amount of $12,000 was invested eight years ago which is not recovered now. So, we considered this cost as a sunk cost.
The difference between the realized overheads and the estimated overheads is the total overhead cost.
<h3>What are total overhead costs?</h3>
Total overhead costs are identified as the costs related to administration, sales, marketing, and production. Before the total overhead costs are realized, a budget regarding estimated costs is prepared.
The calculation of the total overhead costs is actual overhead costs less the budgeted overhead costs.
Hence, the aforementioned statement regarding total overhead costs holds true.
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Answer: We have no legal responsibility but do have some ethical responsibility.
Explanation: As the owner of a casino we do not have any legal liability but as human and a part of society we do have to make sure that gambling in such casinos is not ruining the environment for the individuals living in it.
We have the responsibility towards the kids especially. We must make sure that kids stay away from such casinos as no one knows at an early age of what is right for them and what is not.
We can make rules about the maximum amount of which one can gamble and should monitor strictly of any other unethical conduct that is going on.
The double declining-balance is a depreciation method generally results in the lowest net income for the first year a plant asset is utilized.
<h3>What is double declining balance (DDB) method all about?</h3>
The double declining balance method can e explained as type of declining balance method that uses double the normal depreciation rate.
Some of the Depreciation rates used are;
- 250% of the straight-line rate.
Learn more about double declining balance (DDB) method at:
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