Complete Question:
1. Select the correct statement regarding relevant costs and revenues.
A. Sunk costs are not relevant for decision-making purposes.
B. Relevant costs are frequently called unavoidable costs.
C. Direct labor is an example of a unit-level cost.
D. Only variable costs are relevant for decision making.
Answer:
1. A
2. D
3. B
Explanation:
1. The correct statement regarding relevant costs and revenues is that sunk costs are not relevant for decision-making purposes. 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.
2. Expected future revenues that differ among the alternatives under consideration are often referred to as differential revenues. It is the difference in revenues among two (2) alternatives, which would influence decision making.
3. The benefits sacrificed when one alternative is chosen over another are referred to as opportunity costs. It is also referred to as alternative forgone.
<em>For example, Tony gives up going to see a new movie at the cinema in order to prepare for an examination, so as to get a good grade</em>.
The part of a house that is not considered as the exterior finish of a house is the Ceiling of a porch or breezeway.
<h3>What is the exterior finish of a house?</h3>
The exterior finish of a house refers to an outer layer or structure that can be seen physically from the outside and add to the image of the entire house.
A cornice is a horizontal architectural design of a building that is positioned away from the main walls used in directing rainwater from the building walls.
Thus, the exterior finish of the house is:
- An entry door
- Cornice
- Exterior wall coverings
From the given options;
- The ceiling of a porch or breezeway is usually inside the house.
Therefore, the part of a house that is not considered as the exterior finish of a house is the Ceiling of a porch or breezeway.
Learn more about a house here:
brainly.com/question/1739912
Answer:
Simple interest= $273.7
Explanation:
<em>Simple interest is the interest on earned on the principal amount invested only. Kindly note that under this system, only the principal amount invested would earn interest over the course of the investment period</em>
<em> Simple interest is calculated as follows:</em>
Simple interest = Principal × Rate × Time
or
Simple interest = Future sum - Principal amount invested
DATA
Future sum- $973.70
Principal amount invested-700
Simple interest = 973.70 - 700=273.7
Simple interest= $273.7
Answer:
e. $225,000.
Explanation:
Since Bob Shockey pays interest as in accrues, the amount the beneficiary will receive if he dies before the debt is repaid will be the cash value of his life insurance policy minus amount borrowed to send his daughter to private college. This can be calculated as follows:
Amount to receive by beneficiary = $250,000 - $25,000 = $225,000
Therefore, his beneficiary will receive $225,000.
Answer:
The correct answer is Unemployed
Explanation:
Unemployment, in the labor market, refers to the situation of the citizen who lacks employment and, therefore, salary. By extension, it is the part of the population of age, conditions and willingness to work - active population - that lacks a job.1 To refer to the number of unemployed people in the population, the unemployment rate by country or other is used territory. The situation contrary to unemployment is full employment.
In addition to the active population, which includes both those who are working and the whole of the unemployed or unemployed in a country, societies have an inactive population composed of those members of the population who are not willing to work , whether by studies, age, illness or any other legally established cause.
