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Nataly_w [17]
3 years ago
6

Bob DeSlob, CEO of Westlake Inc., had supported the development and distribution of the Super Widget, a product that is expensiv

e to make. The Super Widget failed to meet its expected sales. Bob, now, decides to invest more resources to produce and aggressively market the Super Widget, rationalizing that if he did not invest more in the product, what he has invested would be lost. Bob is engaging in:
A. sunk cost fallacy.
B. argumentum ad baculum.
C. argumentum ad hominem.
D. reductio ad absurdum
Business
1 answer:
nalin [4]3 years ago
3 0

Answer:

The correct answer is A. sunk cost fallacy.

Explanation:

In logic, the unrecoverable cost or fallacy of the Concorde is a fallacy that occurs when someone makes an investment that does not seem profitable and reasons as follows: I can not stop now, otherwise what I have invested so far will be lost.

This is true, of course, but irrelevant to the decision of whether one should continue to invest in the project. That is, the arguments to continue investing in the project should not be based on the fear of losing the investment but on the expectations of the operation of the project, both totally independent.

If there is no hope of any success for the investment, then the fact that one has already put a lot of money and effort does not justify having to keep losing it so as not to face the initial error. This occurs in people who do not know or can give up, because of the existing prejudice that if all the energy is put into something they will be able to overcome it. However, there may always be an unknown factor or unknown variable that could lead to failure indefinitely or irremediably.

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"carrie bought a house five years ago for $150,000. at that time she borrowed $140,000 from her bank. the house is now worth $16
vesna_86 [32]

Answer: PMI will automatically be dropped when the balance reaches $117,000.

Explanation: PMI stands for private mortgage insurance. This is an insurance policy that banks often require lenders to have when they do not have a 20% down payment on a new home.

PMI is automatically dropped with the amount of the mortgage due is reduced to 78% of the original appraised value of the home. In this case, the home was originally purchased for $150,000. 78% x 150,000 = $117,000. When the loan reaches $117,000 the pmi will automatically be dropped.

7 0
3 years ago
Wells Technical Institute (WTI), a school owned by Tristana Wells, provides training to individuals who pay tuition directly to
Vlada [557]

Answer:

See explanation Section

Explanation:

Adjusting Entries

Req. A, B

A. <em>Since the partial amount of insurance policy has been expired-</em>

Debit      Insurance Expense        $3,203

Credit             Prepaid Insurance              $3,203

An expense will be appeared and the current assets will be decreased.

B. Debit     Teaching supplies Expense        $7,528

Credit               Teaching supplies                               $7,528

<em>As the company has $2,776 supplies available from $10,304, teaching supplies expense will appear as $7,528 = (10,304 - 2,776)</em>

Req. C, D, and E

C. Debit     Depreciation expense-equipment      $12,814

Credit            Accumulated depreciation-equipment      $12,814

D. Debit     Depreciation expense-professional library     $6,407

Credit            Accumulated depreciation-professional library      $6,407

E. Debit      Unearned revenue             $5,600

Credit             Service revenue                          $5,600

<em>Note: Monthly fee of $2,800 from November to December. Therefore, 2 months fee = $2,800*2 = $5,600 has been earned.</em>

Req. F, G and H

F. Debit      Accounts receivable         $8,750

Credit                   Service revenue                    $8,750

<em>Note: As WTI has not yet received any payment from October 15 to December 31, there will be 2 and a half months bill due. Each month = 3,500. Therefore, 2 months = $7,000, and a half-month = $(3,500 ÷ 2) = $1,750. Total receivable = $7,000 + $1,750 = $8,750.</em>

G. Debit    Salaries expense          $400

Credit                  Salaries payable            $400

<em>Note: As there are two employees and two days salary have been accured, total salaries payable = $100 per day × 2 employees × 2 days = $400</em>

H. Debit     Rent Expense           $2,062

Credit               Prepaid rent                    $2,062

7 0
3 years ago
The existence of a ________ means that the interest rate on a two-year bond will exceed the average interest rate on two success
krok68 [10]
The answer is risk-premium
7 0
2 years ago
What are some types of graphics you can add to a Word document?
zavuch27 [327]
You can add in shapes or change the color of the paper to like a lined piece of paper, also you can add pictures
7 0
3 years ago
22. Which resource management activity establishes common definitions for capabilities of personnel, equipment, teams, supplies,
NemiM [27]

Answer:

Identifying and typing resource

Explanation:

Measurable defined or stated as the capabilities as well as the levels of the performance, resources are identified or recognized and the basis for every category.

The resources comprise of the following kinds or types, which are equipment, aircraft, teams, vehicles and supplies.

Resources are the categories of the typing through the capability, the mobilized the incident management and the response.

Therefore, the identifying and the typing resource is the resource management activity.

6 0
3 years ago
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