An adaptation of roasting that allows foods to take on a rich, smoky flavor is called

A cost incurred in the past that is not relevant to any current decision is classified as a(n): incremental cost. opportunity co

melamori03 [73]

Answer:

sunk cost.

Explanation:

Sunk cost can be defined as a cost or an amount of money that has been spent on something in the past and as such cannot be recovered. Thus, because a sunk cost has been incurred by an individual or organization it can't be recovered and as such it is irrelevant in the decision-making process such as investments, projects etc.

Basically, sunk costs are referred to as fixed costs.

Sunk costs are the opposite of relevant costs because they can't be changed or recovered, as they've been spent or contracted in the past already. Hence, relevant cost are relevant for decision-making purposes but not sunk costs.

Hence, a cost incurred in the past that is not relevant to any current decision is classified as a sunk cost.

For example, ABC investors decide to acquire land and develop residential houses at a location X. This decision is informed on the fact that the government had recently enacted a policy that led to an increase in demand for residential properties in that location. 6 months into construction of the residential houses, the government reviews and rescinds the policy. This leads to a sharp decline in property values in location X. ABC investors had already incurred 10 million dollars in the project. The 10 million dollars is considered sunk cost.

6 0

3 years ago

Ethan is engaged in sales __________ , which refers to a series of conversations between buyers and sellers that occur as salesp

djyliett [7]

Answer: Sales dialogue.

Explanation:

Ethan is engaged in sales dialogue with his customers, in which a relationship is built that would enhance sales. Sales dialogue is a highly effective form of communication between marketer and consumer, where the marketer's aim is to build a relationship with the consumer, to make sales easier.

5 0

3 years ago

Descrobe any four characteristic of coordinating

White raven [17]

Answer:

Coordination Integrates Group Effort
Coordination Ensures Unity of Action
Coordination is a Continuous Process
Coordination is an All-pervasive Function
Coordination is the Responsibility of All Managers

Explanation:

Hope it helps,

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3 0

3 years ago

Moorcroft Company’s budgeted sales and direct materials purchases are as follows:

gladu [14]

Answer:

1) Month Sales

April $299,000

May $337,000

June $387,000

Schedule of expected collections

For the month of June, 202x

Cash sales during June = $387,000 x 40% = $154,800

Collection from June's credit sales = $232,200 x 20% = $46,440

Collection from May's credit sales = $202,200 x 50% = $101,100

Collection from April's credit sales = $179,400 x 26% = $46,644

Total cash collections during June = $348,984

Month DM purchases

April $44,000

May $55,000

June $55,000

Schedule of expected cash payments for direct materials purchases

For the month of June, 202x

Cash purchases during June = $55,000 x 50% = $27,500

Cash payments for May's purchases = $27,500 x 40% = $11,000

Cash payments for April's purchases = $22,000 x 60% = $13,200

Total cash payments during June = $51,700

2) Month Sales

April $299,000

May $337,000

June $387,000

Schedule of expected collections

For the month of June, 202x

Cash sales during June = $387,000 x 40% = $154,800

Collection from June's credit sales = $232,200 x 30% = $69,660

Collection from May's credit sales = $202,200 x 50% = $101,100

Collection from April's credit sales = $179,400 x 18% = $32,292

Total cash collections during June = $357,852

It would be worth to pay the collector since the 2% reduction in uncollectible accounts is worth much more than the $1,000 that he/she earns.

3) Month DM purchases

April $44,000

May $55,000

June $55,000

Schedule of expected cash payments for direct materials purchases

For the month of June, 202x

Cash purchases during June = $55,000 x 40% = $22,000

Cash payments for May's purchases = $33,000 x 40% = $13,200

Cash payments for April's purchases = $26,400 x 60% = $15,840

Total cash payments during June = $51,040

Cash payments will decrease a little in June.

5 0

4 years ago

Ben White is the manager of a retail store. His work typically includes the routine, day-to-day interactions with customers. Onc

DanielleElmas [232]

Answer: Operational level manager

Explanation:

An operational level manager is someone who is on the bottom rung of management. The person in the operational level manager position is someone who has the responsibility of supervising employees. It is also your responsibility to be aware of the daily operations that may directly affect the external customers of the organization or company. The operational level manager has a great responsibility since his role is crucial for the success of the company.

Other functions of the operational level manager are related to leadership, planning, and control of everything in the company. You must ensure that the work of employees is in line with the objectives of the company, so leadership is essential. They are also in charge of evaluating the personnel and that they keep fulfilling their functions.

6 0

3 years ago