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Ivanshal [37]
3 years ago
8

The hidden-cost fallacy occurs when a. ​A firm considers irrelevant costs b. ​A firm ignores relevant costs c. ​A firm considers

overhead or depreciation costs to make short-run decisions d. ​Both a and c
Business
1 answer:
Phantasy [73]3 years ago
8 0

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.

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SashulF [63]

The microeconomic factors that are important to consider in business is competition, the supply and demand, elasticity of the goods and similar variables. Depending on the business, each has factor has a unique impact which  can either help or ruin the business.Thank you for your question. Please don't hesitate to ask in Brainly your queries.
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3 years ago
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Exercise 8-02 The following control procedures are used at Torres Company for over-the-counter cash receipts. (a) For each proce
saveliy_v [14]

Answer: weakness

Cashiers are not bonded. Cash is not adequately protected from theft. Inability to establish responsibility for cash with a specific clerk. The accountant should not handle cash. Cash is not independently counted.

Principal: Segregation of Duties.Human Resource Controls.Independent Internal Verification.Documentation Procedures Physical Controls.Establishment of Responsibility.

Explanation:

There should be separate cash drawers and register codes for each clerk. A cashier office supervisor should count cash. The cashier’s department should make the deposits. All cashiers should be bonded. Cash should be stored in a safe until it is deposited in the bank.

3 0
3 years ago
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Answer:

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2 years ago
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On November 1, Bahama National Bank lends $3.7 million and accepts a six-month, 9% note receivable. Interest is due at maturity.
Charra [1.4K]

Answer:

11/01

Dr Cash $3.7 million

Cr Notes Payable $3.7 million

12/31

Dr Interest expense $55,500

Cr Interest payable $55,500

Explanation:

Preparation of the journal entries to Record the issuance of the note and the appropriate adjustment for interest expense at December 31, the end of the reporting period.

11/01

Dr Cash $3.7 million

Cr Notes Payable $3.7 million

(To record issuance of the note)

12/31

Dr Interest expense $55,500

Cr Interest payable $55,500

(To record adjustment for interest expense)

Interest Expense = Face Amount x Interest Rate x Time Period

Interest Expense= $3.7 million x .09x 2/12 Interest Expense=$55,500

6 0
3 years ago
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lilavasa [31]

Answer:

Profit maximization refers to a method adopted by the company to earn more amount of profit through its business operations and investments. Under this, a firm focuses that every decision should contribute profit in the account of the organization.

Explanation:

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3 years ago
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