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exis [7]
3 years ago
6

A delivery company spent $3,500 last week upgrading one of its trucks. This week the company is trying to decide if this upgrade

d truck could be better utilized if they assigned it a proposed project. When analyzing the proposed project, the $3,500 should be treated as which type of cost?
Business
1 answer:
rjkz [21]3 years ago
3 0

Answer:

Sunk cost

Explanation:

The sunken cost is the expense previously incurred that will not be compensated in future. Plus, it's also called past expense.  

The cost at the time of decision-making is not significant and it should be ignored.

In the given question, the $3,500 spent which is not now recovered and hence represents the sunk cost

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The council members of a small town have decided that the earth levee that protects the town from flooding should be rebuilt and
laiz [17]

Answer:

$230,899

Explanation:

Calculation for what the equivalent present cost is for the first 5 years

Present cost of the repair work = 68,000 * (P/A, 6%,5) - 7,000 * (P/G, 6%,5)

Present cost of the repair work= 68,000 * 4.212364 - 7,000 * 7.934549

Present cost of the repair work= $230,898.90 Approximately $230,899

Therefore the Present cost of the repair work will be $230,899

3 0
3 years ago
Martin is offered an investment where for $6000 today, he will receive $6180 in one year. He decides to borrow $6000 from the ba
Effectus [21]

Answer:

maximum interest rate = 3%

so correct option is A) 3%

Explanation:

given data

investment = $6000

receive = $6180

borrow = $6000

to find out

maximum interest rate bank needs to offer on the loan

solution

we consider here maximum interest rate bank needs to offer is = r

so value of investment will be express here as

value of investment = amount to be borrowed × ( 1 + r )    ................1

put here value we get rate r

6180 = 6000 × ( 1 + r )

solve it we get

rate = 0.03

maximum interest rate = 3%

so correct option is A) 3%

3 0
3 years ago
When a person whose duty is conditional leads the other party to rely on his noninsistence on the condition, the condition will
Tems11 [23]
The condition will be excused because of ESTOPPEL. Estoppel is an obstruction which prevents a person from asserting a right or denying a fact. The obstruction is normally due to the person action, conduct or failure to act. The principal aim of estoppel is to prevent injustice due to inconsistency or fraud. Estoppel is of two types: equitable and legal estoppel. 
3 0
3 years ago
You order a $20 sweatshirt online for a Father’s Day gift. The shipping charge is $10. You can get free shipping if your order t
Yakvenalex [24]

Answer:

Incentive

Explanation:

Incentive -

It refers to the peice or work or activity that enables you to perform the work , is referred to as incentive .

It is a type of motivation or a bait .

Hence , from the given scenario of the question ,

Ordering the  bobble head dolls , which is completely not required is a type of incentive , as it will make the shipping free of cost .

Hence , the correct answer is incentive .

3 0
3 years ago
If you invest $475 per month for a period of 30 years, earning 10.2% (annual), how much will you have at the end of the period?
hjlf

Answer:

idk

Explanation:

6 0
3 years ago
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