<u>Answer:</u> Sunk cost
<u>Explanation:</u>
Sunk cost means the expense which has been already met by the firm and they cannot be recovered at any rate. Sunk costs are not based on the future decisions as these expenses for the firm are the same irrelevant to the project which it is assigned. Sunk costs are not a part of the budget plan.
In the given scenario the delivery company has spent $3500 in order to upgrade the truck. So $3500 is treated as sunk cost in the proposed project.
Answer:
a. Excluded from the labor force
Explanation:
Labor force comprises people in active employment or those not employed but as actively seeking work. Active employment consists of employed, self-employed, and those engaged in economic activities for a profit. Unemployed are the jobless people actively seeking for work. Students, retired people, children, the aged, and those not working and not seeking work are not part of the labor force.
Discourage workers are a group of jobless workers who have given up the search for jobs. They are workers who, after failing to secure a job, have given-up; hence they are no-longer searching. Discouraged workers are not part of the labor force as they are not actively seeking work.
Answer:
As we become more experienced, more senior, and lead bigger teams, the focus of leader development becomes more about enhancing the performance and building of characters. Moreover, leaders must remain competent, and team performance is the primary success of any leader. A leader must be a solution finder at any stage to leads the team towards success.
Explanation:
Answer:
C. What the program will ultimately cost the federal government
Explanation:
The Medicare Prescription Drug, Improvement, and Modernization Act of 2003 was an attempt to make improvements or amendments to the Social Security Act. It radically changed the playing field for private plans participating in the Medicare program by substantially raising monthly payment rates in an effort to stabilize the market and reverse the decline in benefit generosity. It also provided for voluntary prescription drugs under the medicare program. However, the utilization and cost of the program skyrocketed as soon as the funding source was established. It has remained unknown what the program will ultimately cost the federal government, no wonder the current administration under Trump wants to turn it upside down.
Answer:
C) $88,000
Explanation:
period cost: cost which cannot be capitalize through inventory or other assets.
Under variable cost, the fixed cost are treated as period cost.
Fixed costs:
Fixed manufacturing overhead $ 60,000
Fixed selling and administrative expense $ 28,000