The correct option is - 3 ( "Money spent last month repairing a damaged front fender" )
<u>Explanation:</u>
Sunk cost means the cost that has been already incurred in the past and cannot be recovered. This implies that sunk costs should be not be considered in future decision making of the project, because these are the cost that can not be changed with under taking the project or not. The significant aspect about this costs is that they shouldn't be allowed to influence subsequent decisions.
With the theatre ticket example, there's an opportunity to leave the theatre at the intermission and spend the rest of your evening doing something else more enjoyable. If you don't like the play then you might decide to leave, but the sunk cost of the ticket shouldn't influence your decision to stay or leave.
Prime cost=direct material+direct labor
Direct material 150000
Direct labor 200000
So
Prime cost=150000+200000
Prime cost=350000
Hope it helps!
Consumer credit dates back to colonial times.
<h3>What is consumer credit?</h3>
Money that customers can borrow to pay for products or services is known as consumer credit. Customers who have access to credit can make purchases today and pay for them over time. Consumers can obtain credit from banks, financial organizations, and companies.
Consumer credit is governed by federal and state rules that shield borrowers from dishonest lending practices and stop companies from treating them differently based on non-financial considerations.
Examples of consumer credit are credit cards, education loans, mortgages, etc.
Consumer credit has been around since the colonial era when farmers used it frequently.
Learn more about consumer credit here:
brainly.com/question/17237024
#SPJ4
The formula for compounding interest is
F= P(1+i)^n
where F is the future worth, P is the principal amount, i is the interest, and n is the number of years. Applying this equation,
F = 2700(1+0.0875)^8
F = $ 5282
I hope I was able to help you with this. Have a good day!
Answer:
The exercise is attached.
Explanation:
On June 1, Baby Raising Magazine collected cash of $63,000 on future annual subscriptions starting on July t 1. Journalize the transaction to record the collection of cash on June 1 2. Joumalire the transaction requieed at December 31, the magazine's year end, assuming no revene eamed has been recorded (Round adjystment to the nearest whole dolar)
