Answer:
Charlotte has the priority to claim Autumn as her dependent even though William covered 70% of her living expenses during the year. In order for a parent to be able to claim a child as a dependent, he/she must live with the child for more than half the year. In this case, since William left the house, Charlotte has preference over claiming Autumn as her dependent (even though William lived with Autumn for 10 months). Also, a parent always has priority over other relatives including a grandparent.
Answer:
Current account balance. = -$600
Explanation:
Given:
GNP = $10,000
Consumption (C) = $8,200
Investment (I) = $1,200
Government Purchases (G) = $1,200
Find:
Current account balance.
Computation:
GNP = Consumption (C) + Investment (I) + Government Purchases (G) + Current account balance.
$10,000 = $8,200 + $1,200 + $1,200 + Current account balance.
Current account balance. = $10,000 - $10,600
Current account balance. = -$600
Option D, Both A & C
Explanation:
A company invested $400,000 in a technology that reduced the overall costs of production by reducing their cost per unit from $2 to $1.85 . Later, a manager has an opportunity to outsource production to another company at a cost per unit of $1.75 . If you are the manager, you should consider the $400,000 as a sunk cost, not relevant to the decision and should ignore the $400,000 fixed cost.
Sunk cost is the cost which is already incurred in past and does not have any significance in decision making.
A sunk cost is already incurred in the fields of economy and business decision-making and can not be recovered. Sunk costs are contrasted with future costs, which can be avoided if measures are taken.
