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Karolina [17]
3 years ago
10

After cost overruns of the solar project, $10 million was already spent and unrecoverable. It was going to cost $12 million more

in order to complete the project, and now society somehow needs to make the rational choice to
Business
1 answer:
snow_tiger [21]3 years ago
5 0

Answer:

a. continue with the project provided that the additional solar electricity is worth more than $10 million.

Explanation:

Here are the options to this question :

a. continue with the project provided that the additional solar electricity is worth more than $10 million.b. continue with the project provided that the additional solar electricity is worth more than $32 million.c. continue with the project provided that the additional solar electricity is worth more than $22 million.

The $10 million is the sunk cost. Sunk cost is cost that has already being incurred and cannot be recovered. It should not be considered when making future economic decisions.

In making the decision to continue the project, the value of the project should be more than $10 million

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Management of Mcgibboney Corporation has asked your help as an intern in preparing some key reports for November. The beginning
harkovskaia [24]

Answer:

$87,000

Explanation:

Calculation of the conversion cost for November.

Conversion cost can be defined as the combination of both direct labor costs and manufacturing overhead costs that are vital to help convert raw materials into product.

Using this formula

Total Conversion cost = Direct labor cost + Manufacturing overhead cost

Hence,

Direct labor cost $25,000

Add Manufacturing overhead cost $62,000

Total Conversion cost $87,000

Therefore the conversion cost for November is $87,000

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3 years ago
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pantera1 [17]
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4 years ago
Ethan, a middle manager, schedules tasks and allows his employees to utilize their skills and special abilities to the maximum p
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The correct answer is "self-actualization needs".

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3 0
3 years ago
If your income increases and your consumption of bagels increases, other things equal, bagels are considered:
Lapatulllka [165]

Answer:

d. normal good.

Explanation:

The normal goods are the goods which show the direct relationship between the income and quantity demanded also its elasticity of demand is more than one that means it appears in positive which we called as elastic demand

Therefore in the given case it is a case of normal goods as the income increases also the consumption of bagels also increased

hence, the correct option is d,

8 0
4 years ago
Percy Partners had the following transactions:
Assoli18 [71]

Answer:

                          Journal entry

Date       General Journal         Debit$       Credit$

Oct 31      Cash                           10000

                      Notes payable                        10000

Dec 1       Account receivable     900  

                       Service revenue                      900

Dec 31     Interest expense         100

                (10000*6%*2/12)

                       Interest payable                       100

                Interest receivable       9

                (900*12%*1/12)

                        Interest revenue                       9

June 1      Cash                             954  

                        Notes receivable                    900

                        Interest receivable                    9

                        Interest revenue                       45

June 30   Notes payable          10000  

                Interest payable         100

                Interest expense        300  

                         Cash                                         10400

4 0
3 years ago
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