Answer:
Up to $4 million
Explanation:
The $3 million spent in developing the product is the sunk cost which is irrelevant in the analysis of how much to spend on the project.
Since it is expected that the project would generate $4 million, up to $4 million is the amount the amount that should be spent on the completion of the project.
I hope my answer helps you
<span>Products that the consumer does not know about or knows about but does not initially want are referred to as
unsought product. they only buy this product out of danger or it is required. the common unsought products are fire extinguisher and funeral services</span>
Answer:
a golf resort and a ski resort
Explanation:
Complementary resources are those ones that can substitute for each other, and when taken together consumer uses less of both resources than when they are taken seperately.
A ski resort and a golf resort are both facilities that are used by sports enthusiasts.
So for example if there are 40 sports enthusiasts they can use the golf resort, the ski resort, or a combination of both.
Answer:
The Journal entries are as follows:
(i) On March 1,
Cash A/c Dr. $297,500
To common stock (42,500 × $4) $170,000
To paid in capital in excess of par value $127,500
(To record the issuance of common stock)
(ii) On April 1,
Cash A/c Dr. $70,000
To common stock $70,000
(To issue no-par value common stock)
(iii) On April 6,
Inventory A/c Dr. $45,000
Machinery A/c Dr. $145,000
To common stock (2,000 × $25) $50,000
To paid in capital in excess of par value $46,000
To Note payable $94,000
(To record the issuance of common stock)
