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3 years ago

The potential benefit that is given up when one alternative is selected over another is called a sunk cost. true false

Business

1 answer:

Keith_Richards [23]3 years ago

3 0

Answer:

false

Explanation:

The given statement depicts opportunity cost and not sunk cost. A gain, income, or interest of something which has to be given up in order to obtain or accomplish anything else. Because each resource can be put to different uses, each action, option, or decision has an added cost of opportunity.

On the other hand, Sunk cost refers to the cost already accumulated and also not recoverable. Sunk costs is often compared with potential costs, which could be reduced in the future if measures are taken.

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What is good about having a credit card? what is bad?

navik [9.2K]

Answer:

Credit cards are neither good nor bad. They are financial tools that must be used with care. Cards can help or hurt your finances if you don't use them responsibly. At the same time, credit cards used properly offer a convenient payment method that can build credit and earn rewards for users.

Explanation:

7 0

3 years ago

Zach is a franchisee with Digger's Doggies, a chain of hotdog shops. He was doing well until several other Digger's Doggies fran

inessss [21]

Answer:

The correct answer is letter "C": the coattail effect.

Explanation:

The coattail effect is a term mainly used in <em>Politics </em>that describes a situation in which a candidate running for an office and who is usually at the top of preference helps to attract voters for other candidates. In economics, the term might have a negative connotation. It implies businesses that belong to the same industry dragging each other to failure because of other factors rather than competition.

7 0

3 years ago

Burkhardt corp. pays a constant $13.50 dividend on its stock. the company will maintain this dividend for the next eight years a

kogti [31]

Answer: Burkhardt Corp.'s current share price is $69.47.

The current share price of a stock can be viewed as the present value of its expected dividends.

In this case, the stock price will be the sum of the discounted value of the dividends over each of the next eight years.

Mathematically we can express this as:

$\mathbf{Current Price = \frac{D}{(1+r)^{1}}+\frac{D}{(1+r)^{2}}+\frac{D}{(1+r)^{3}}......+\frac{D}{(1+r)^{n}}}$

Substituting the values we get,

$Current Price = \frac{13.5}{1.11^1}+\frac{13.5}{1.11^2}+\frac{13.5}{1.11^3}+\frac{13.5}{1.11^4}+\frac{13.5}{1.11^5}+\frac{13.5}{1.11^6}+\frac{13.5}{1.11^7}+\frac{13.5}{1.11^8}$

Solving the above equation we get,

$\mathbf{Current Price = 69.47}$

7 0

3 years ago

Crimson Inc. recorded credit sales of $779,000, of which $560,000 is not yet due, $120,000 is past due for up to 180 days, and $

Lorico [155]

Answer: $47,200

Explanation:

Accounts receivable not yet due = $560,000

Bad Debts for accounts receivable not yet due:

= $560,000 × 0.01

= $5,600.

Accounts receivable due for up-to 180 days = $120,000

Bad Debts for accounts receivable due for up-to 180 days:

= $120,000 × 0.16

= $19,200.

Accounts receivable due for more than 180 days = $99,000

Bad Debts for accounts receivable due for more than 180 days:

= $99,000 × 0.20

= $19,800

Ending balance of Allowance account:

= Debit Balance of allowance account + $5,600 + $19,200 + $19,800

= $2,600 + $5,600 + $19,200 + $19,800

= $47,200

3 0

3 years ago

The graph shows the percentage changes in the investment rate and the gross domestic product (GDP) between 2008 and 2012.

Leni [432]

Answer:

The graph following these guidelines:

A graph titled Percentage changes in investment rate and G D P has year on the x-axis, from 2008 to 2012, and percentage changed on the y-axis from negative 20 to positive 10 percent, in increments of 5. Both the lines representing investment rate and G D P follow the same trend.

Demonstrates thatchanges in investment

can show if the economy is growing or shrinking.

Explanation:

This graph is a very illustrative one that marks the increment of both the investment rate and the GDP. Establishing a correlation between them means that one is dependant from the other and that the movement in one can create a specific movement in the other. Generally, investment boosts GDP. Now we can use this to deduct growth or decrease in the economy.

4 0

4 years ago