Answer: A) As time went on, Greensburg started to lose residents because of the high taxes associated with creating green city buildings. The Greensburg town council voted to continue building green because the town had already spent so much time and money on the effort.
Explanation:
Escalation of Commitment refers to a situation where an activity done by a person or Organization seems to be on the receiving end of growing negative outcomes and criticism. Yet instead of ceasing the activity, they continue.
This can happen due to a couple of reasons such as Emotional attachment to the action, the need to show consistency and the fact that so much may have already been spent that there will be a feeling of abject failure if the activity is cancelled and defeat acknowledged. This last reason is where the town of Greensburg falls under. They can clearly see that building the city is having a negative impact on the town but they keep going because so much has been spent already that to turn back now would be failure and defeat.
Answer:
Dorsett's net operating loss for Year 8 is $41,800.
Explanation:
From the question, we have:
Amount by which deductions exceeding gross income = $56,800
Net operating loss deduction (carryover from Year 7) = $15,000
Dividends received deduction = $6,800
In order to calculate Dorsett's net operating loss for Year 8, the dividends received deduction of $6,800 has to be fully allowed but the net operating loss deduction (carryover from Year 7) of $15,000 wouldn't be not allowed.
Therefore, we have:
Dorsett's net operating loss for Year 8 = Amount by which deductions exceeding gross income - Net operating loss deduction (carryover from Year 7) = $56,800 - $15,000 = $41,800
<span>An ATM card is used on January 24 to withdraw cash. The balance would be the remaining amount in the account once the withdrawal has been made. </span>
Hello!
The answer to your question is "price elasticity".
:)
Answer:
$12,900
Explanation:
Calculation for the amount of accounts receivable written off during the year
Beginning Balance $5,600
Add Bad debt expense $12,000
(2% x $600,000)
Less End-of-year balance ($4,700)
Accounts receivable written off $12,900
($5,600+$12,000+$4,700)
Therefore the amount of accounts receivable written off during the year will be $12,900
