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Law Incorporation [45]
3 years ago
8

_____________ are sunk costs because the company will have to pay the cost no matter production or other variables in operations

.
Business
1 answer:
Lina20 [59]3 years ago
6 0

Answer:

E. Fixed Costs

Explanation:

Here are the options to this question :

A. Variable Costs

B. Labor Costs

C. Total Costs

D. Raw material Costs

E. Fixed Costs

Sunk costs are costs that have already been incurred and cannot be recovered. They should not be considered when making future economic decisions.

Fixed cost is cost that do not vary with production. e.g. rent

Most companies pay rent per year. if due to unforeseen contingencies, sales and profit of the company declines and the company decides to shut down production, the company has already paid for rent, this amount cannot be recovered even though the company would not be using the space for sometime. So, rent is an example of sunk cost

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Perine Company has 2,000 pounds of raw materials in its December 31, 2016, ending inventory. Required production for January and
nexus9112 [7]

Answer:

Budgeted purchase for January = $48,000

Explanation:

Opening stock of raw material = 2,000 pounds

Requirement for January = 4,000 units \times 2 per unit = 8,000 units

Also provided that inventory upto 25% of next month requirement is to be held, that is for 5,000 units of finished goods 5,000 \times 2 = 10,000 units \times 25% = 2,500 units, of raw material is required.

Total purchase for January = Closing requirement + Current month requirement - Opening Stock = 2,500 + 8,000 - 2,000 = 8,500 units to be purchased

Total purchase cost = 8,000 units \times $6 = $48,000

Final Answer

Budgeted purchase for January = $48,000

3 0
3 years ago
If aggregate supply is vertical, then which of the following statements must be true?
never [62]

Answer: A. Aggregate demand does not affect the quantity of output.

Explanation: Aggregate supply curve is perfectly vertical in a long run, Economist believed that the changes in aggregate demand only caused a temporal change in an economy output

Aggregate supply in a short run, the quantity supplies increase as price rise.

Aggregate demand does not affect the quantity of output If the aggregate supply is vertical.

6 0
3 years ago
When selecting a venture capitalist, which one of the following characteristics is probably the least important?
Olegator [25]

Answer:

C. Underwriting experience.

Explanation:

Underwriters are known as evaluators in cases especially like that of mortgage etc, accessing the amount of risk that will involved in taking certain amount of loans. Therefore generally speaking, underwriting is simply explained as method through which an institution takes on financial risk for a fee. Risk of these such are mostly explained to be typically having dealings with loans, insurance, or investments. Certain contingencies are seen to helps to maintain certain borrowing policies for loans, establishes appropriate premiums to adequately cover the true cost of insuring policyholders, and creates a market for securities by accurately pricing investment risk.

8 0
3 years ago
If the economy is experiencing an inflationary gap, the Fed should conduct ______ monetary policy to ______ aggregate demand.
Romashka [77]
The answer is Contractionary and Decrease
6 0
2 years ago
Account got deleted! Add me!!
Step2247 [10]

Answer:

The descriptions that best characterize the young Dr. Jekyll include the following:

1.  -He was famous.

2.  -He was rich.

3.  -He was in excellent shape.

Explanation:

He was an eccentric Dr who was researching on the possibility of discovering a drug that will help mankind. During his research, he noticed that, when ever he take a particular drug, it alters his personality and body which would bring out the darkest thoughts in him.

<em>The more he took the drug, the more him slips into darkness and destruction which always makes him sober after transforming back to his normal personality.</em>

4 0
3 years ago
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