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Kazeer [188]
3 years ago
12

You spent $500 last week fixing the transmission in your car. Now, the brakes are acting up and you are trying to decide whether

to fix them or trade the car in for a newer model. In analyzing the brake situation, the $500 you spent fixing the transmission is a(n) _____ cost.
O opportunity
O sunk
O incremental
O fixed
O relevant
Business
1 answer:
maw [93]3 years ago
5 0

Answer:

The answer is a sunk cost.

Explanation:

Sunk cost is irrelevant in present decision making. It is the cost that had already been incurred. It is irreversible.

Here, $500 spent on fixing the transmission does not matter again.

Opportunity cost is wrong because it means the alternative that has been forgone i.e alternative not chosen. For example, if you have an opportunity to either buy milk or bread and you went for bread, the opportunity cost is the cost of milk you didnt buy.

Incremental cost is also wrong. Incremental cost is the cost that was realized because of a decision.

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Think of a business that utilized one of the three methods of innovation to start their business, identify the business, the typ
garri49 [273]

Answer:

There are three types of innovation.

Product, Process and business Model.

The company Amazon is one of the leading online business in the world. It has achieved success through process innovation.  

Explanation:

Amazon has created a culture of innovation in its organization. The employee working in the amazon are free to share their innovative ideas and management considers those ideas when making strategic planning of business. This is the reason amazon has been able to launch many different types of technological innovations which provide support to their customers and their shopping experience is comfortable.

5 0
2 years ago
Which of the following is an example of an illiquid asset?
denis23 [38]

Answer:

The correct answer would be B, Money in a checking account.

Explanation:

Liquid assets are one in the category of assets that are ready to be converted into cash. Cash held by a company is the considered the liquid asset of the company. Or any assets which can be converted into cash without losing so much of its value is called a liquid asset. For example if a company holds gold bars as one of the assets, then this would be considered as the liquid asset because gold can easily be converted into cash in case of need. Account Receivables, Gold, deposits receipts, securities, bonds, etc are considered to be the liquid assets of the company after Cash.

5 0
3 years ago
A service was performed for a client with payment due in 30 days what accounts are affected
marshall27 [118]

Answer:

b) debit accounts receivable, credit capital

Explanation:

Performing service is part of normal business activities. It generates revenue for the business.

Once a service has been performed, revenue increases. Revenue is an equity account (it increases the owner's equity). An increase to an equity account is recorded by crediting the account.

The payment will be received in 30 days. This is an increase in accounts receivables ( asset account). An increase in assets is recorded as a debit.

3 0
2 years ago
safety equipment like fire extinguishers in fire blankets are used to prevent accidents Is This True Or False
Mkey [24]
False, they are meant to contain accidents if they happen. They are suuuuper important to have around though!!
7 0
3 years ago
When making a presentation that includes a large detailed table, which print method should you use?
kogti [31]
Full page slide is your answer :)

8 0
3 years ago
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