1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
zaharov [31]
2 years ago
5

firm purchased copper pipes a few years ago at ​$10 per pipe and stored​ them, using them only as the need arises. The firm coul

d sell its remaining pipes in the market at the current price of ​$77. What is the opportunity cost of each pipe and what is the sunk​ cost?
Business
1 answer:
Lostsunrise [7]2 years ago
7 0

Answer:

The opportunity cost of each pipe and what is the sunk​ cost is $77 and $67 per pipe respectively.

Explanation:

Opportunity cost: The opportunity cost is that cost which is incurred to choose the best options with the available options.

Sunk cost: The sunk cost is that cost which is not recovered in the future. Its other name is the past cost. It does not help to make future decisions as if it is incurred then it cannot be recovered again

So, the opportunity would be the current price i.e $77

And, the sunk cost is $67 per pipe ($77 - $10)

You might be interested in
3) What is the present value of $1000, received at the end of 4 years of investment, with a discount rate of 4%?
MA_775_DIABLO [31]

Answer:

$854.81

Explanation:

The formula for calculating the present value is as below

PV = FV/( 1 + r)^n

Where Fv =1000

r = 4% or 0.04

n= 6

PV = $1000/ (1 + 4/100)^4

PV=$1000/(1 + 0.04)^4

PV=$1000/1.16985

PV =$854.81

.

8 0
2 years ago
Read 2 more answers
What are the three phases in purchasing process
Lerok [7]

Answer:

It is the journey or buying process that consumers go through to become aware of, evaluate, and purchase a new product or service, and it consists of three stages that make up the inbound marketing framework: awareness, consideration, and decision.

5 0
3 years ago
The Weimer Corporation wants to accumulate a sum of money to repay certain debts due on December 31, 2030. Weimer will make annu
valentinak56 [21]

Answer:

the fund balance is $1,727,056.25

Explanation:

The computation of the fund balance is shown below:

Given that

PMT = $125,000

NPER  = 10

RATE = 7%

PV = $0

The formula is shown below:

= -FV(RATE,NPER,PMT,PV,TYPE)

After applying the above formula, the fund balance is $1,727,056.25

Here basically the future value formula should be applied

7 0
2 years ago
Exercise 19-08 a-b Oriole Corporation incurred the following costs while manufacturing its product.
telo118 [61]

Answer:

$371,700

Explanation:

The computation of the cost of goods sold is shown below:

Cost of goods manufactured  = Direct materials used + Direct labor cost + Manufacturing overhead cost + beginning work in process inventory - ending work in process inventory

where,

Manufacturing overhead cost is

= Depreciation on plant + Factory supplies used + Property tax on plant

= $61,000 + $29,300 + $21,800

= $112,100

The cost of goods manufactured is

= $126,400 + $113,500 + $112,100 + $14,600 - $16,700

= $349,900

Now the cost of goods sold is

= Beginning finished goods + Cost of goods manufactured - ending finished goods

= $70,900 + $349,900 - $49,100

= $371,700

6 0
3 years ago
Bernard is a trainee accountant. His manager asked him to record a loss on the sale of machinery in the business’s temporary acc
Agata [3.3K]

Answer:

Gain and loss accounts

Explanation:

Gain and loss accounts are a form of temporary accounts that are utilized to gather combined sales and purchases that has an effect on the profit or loss of business activities over a given period, which is typically in a year. For example, the loss on property sold account.

Hence, in this situation, the correct answer to the question is known to be a GAIN and LOSS ACCOUNT.

6 0
3 years ago
Other questions:
  • In your role as production planner, you have experienced too many stock outs on one particular item. This item has 348 pints of
    14·1 answer
  • How does a country's GDP help you determine if its economy is strong or weak?
    8·2 answers
  • Employees who handle and prepare food should:
    9·1 answer
  • In a market with a binding price ceiling, an increase in the ceiling will ________ the quantity supplied, ________ the quantity
    10·1 answer
  • At Tyson Foods, Lily serves as the point person who guides everyone in the firm towards ethical actions. Lily most likely serves
    5·1 answer
  • If an information system produces a useful report but the report is received after it is​ needed, the information system fails t
    10·1 answer
  • A successful lease agreement is created so that both the lessee and lessor reap some benefits. Tax and depreciation write-offs a
    10·1 answer
  • 25. A firm that uses weighted average process costing has 400 units in Beginning Inventory that are 80% complete. During the per
    13·1 answer
  • Which is true of payment history and it’s relation to credit reports
    5·1 answer
  • The top five cities where venture capitalists are investing their money represent 10% of the global total.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!