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
n200080 [17]
3 years ago
8

AJ plans to attend a retreat on mindfulness. He paid a $500 nonrefundable registration fee, made a reservation at a hotel that c

osts $200, and budgeted $150 for gas and food Two days before the retreat, he becomes ill. Assuming he is able to cancel the hotel without penalty, AJ's sunk cost equals:
A) $150
B) $500
C) $650
D) $850
Business
1 answer:
galina1969 [7]3 years ago
4 0

Answer: AJ's sunk cost equals $500. Option B.

Explanation: A sunk cost refers to a cost that has already been incurred and cannot be recovered. Sunk costs are the opposite of prospective costs.

Prospective costs refer to future costs that may be avoided if action is taken.

Therefore from the scenario presented above, we can see that:

$500 = nonrefundable registration fee.

$200 = hotel reservation.

$150 = gas and food.

Of the above costs, the sunk cost is $500.

This is because it is a nonrefundable registration fee that has already been paid for.

However, after canceling the hotel, there was no penalty, and therefore, no cost was incurred.

The money for gas and food have not even been spent, therefore the money is a prospective cost.

We can therefore see conclude that the sunk cost is $500.

You might be interested in
When several alternative investment proposals of the same amount are being considered, the one with the largest net present valu
Likurg_2 [28]

Answer:

The answer is c. present value index

Explanation:

Present value index is the ratio decided by dividing net present value of the project by its require initial net cash outflows.

Once having constraint on selecting investment with positive NPV to be made due to lack of fund, a firm's usually use Present value index for further decision making.

The investment with higher present value index shows that it generates more net cash flow or in other words, more efficient and requires less initial cash outflow, and thus usually be chosen over the other ones with lower present value index.

4 0
3 years ago
Which company attribute increases in value as stakeholders view that company in a positive light?
valentinak56 [21]

The company attribute that increases in value as stakeholders view that company in a positive light is company name or logo.

<h3>What is the The company attribute about?</h3>

Goodwill by a firm is known to be one that needs to be earned or made in a given time period.

Note that  it is one that is seen as the tool for success and profitability. A company's name, as well as their  corporate logo, and their  trademark will help to increase in value as stakeholders view of the  company.

Therefore, The company attribute that increases in value as stakeholders view that company in a positive light is company name or logo.

Learn more about company logo from

brainly.com/question/3686713

#SPJ1

4 0
2 years ago
You hurt your back at work by falling of a ladder and are out of work for a month
elixir [45]

Answer:

Uh, of course I'm not at work! I brutally broke my back. Ouch.

8 0
3 years ago
Cash receipts should be deposited on the day of receipt or the following business day. What is the most appropriate audit proced
BartSMP [9]

Answer:

The correct answer to the following question is option C) compare the daily cash receipts totals with the bank deposits.

Explanation:

When cash receipts are received by a company, it is often deposited in bank on the bank the same day they are received or they should be deposited the following business day. If a auditor or a manger or owner wants to make sure that the cash is promptly deposited everyday, then one way in which he or she can make sure that this is happening promptly is by comparing the daily cash deposits with the bank deposits or bank statements, through this procedures a person comparing them would come to know of any discrepancy in cash deposit, if it exist.

4 0
3 years ago
The Four Tops Company began operations on January 2nd. During the first 3 months of operations, only 3 jobs were worked on. Job
lianna [129]

Answer:

$81,500

Explanation:

As per the data given in the question,

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

Before that first we need to do following calculations

Direct material = $12,000 + $23,000

= $35,000

Direct labor = $11,000 + $20,000

= $31,000

Overhead applied = 50% of direct labor

= 50%×$31,000

= $15,500

Cost of goods manufactured = Direct material + Direct labor + Overhead applied

= $35,000 +$31,000 + $15,500

= $81,500

8 0
3 years ago
Other questions:
  • According to the substitution effect, a decrease in the price of a product leads to an increase in the quantity of the product d
    15·1 answer
  • A mid-sized firm plans to issue 10 million shares during an IPO. The underwriter plans to sell shares at $22.55; however, many i
    7·1 answer
  • Assume that a company announces unexpectedly high earnings in a particular quarter. In an efficient market one might expect ____
    14·1 answer
  • An example of automatic fiscal policy is A. a change in taxes that has no multiplier effect. B. the Federal Reserve reducing int
    9·1 answer
  • On an organization's board of directors, Multiple Choice inside directors must work for the organization and outside directors a
    14·1 answer
  • A decrease in the price of eggs from $1.50 to $1.30 per dozen resulted in an increase in egg purchases from 60 to 100. The price
    15·1 answer
  • The setup time for a batch of 250 products is 30 minutes while the production time is 5 minutes for each product. If the batch s
    12·1 answer
  • A retailer buys books from publishers for $6 each and prices them for sale to consumers at $9. What percentage markup for these
    12·2 answers
  • An approach to managing organizations that emphasizes division of labor and favors hierarchy is the _______________.
    15·1 answer
  • Multi-item indexes are unable to account for dual sources of status (both men and women) in american households because they?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!