The time when it's smrt for a person to acquire personal debt; or nott rather smart but a viable way of increasing useful capital, would be when one is investing in himself. An example of this would be education for example, where students take out student loans to continue university education.
<span>The higher the percentage of the active ingredient in a drug, the more powerful the drug is.</span>
Answer:
Option (c) is correct.
Explanation:
Law of demand states that the price of the commodity and the quantity demanded of that commodity are negatively related to each other. This means that as the price of the commodity falls then as a result the quantity demanded for that commodity increases.
Therefore, the consumer will buy more sticks when the price of sticks falls from $2 to $1.
Answer:
The $3,600 cash is collected in June
Explanation:
For computing the total cash collected in the June month, first, we have to find the sales of June and may which is based on the collection ratio which is given in the question.
June month collection = June sales × 30%
= $5,000 × 30%
= $1,500
In the question it is given that 30% is collected on June month and remaining i.e 70% collected in the May month or following month.
June month collection based on may sales = 70% × May sales
= 70% × $3,000
= $2,100
So, total cash collected in the June month is equal to
= June month collection + June month collection based on may sales
= $1,500 + $2,100
= $3,600
Hence, the $3,600 cash is collected in June
Answer: This is the type of cost known as Sunk.
- sunk cost is a cost that has already been incurred and cannot be recovered. Sunk costs are contrasted with prospective costs, which are future costs that may be avoided if action is taken.
- A sunk cost refers to money that has already been spent and which cannot be recovered. ... Sunk costs are excluded from future business decisions because the cost will remain the same regardless of the outcome of a decision.
- The sunk cost effect is manifested in a greater tendency to continue an endeavor once an investment in money, effort, or time has been made. Evidence that the psychological justification for this behavior is predicated on the desire not to appear wasteful is presented.
