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
Strike441 [17]
3 years ago
5

Breezy Company is disposing of equipment that was originally purchased for $550,000 and has $145,000 of accumulated depreciation

to date. The same equipment would cost $670,000 to replace. What is the total amount of sunk cost in this decision
Business
1 answer:
BARSIC [14]3 years ago
7 0

Answer:

$405,000

Explanation:

The calculation of total amount is shown below:-

If the company disposes of the equipment to buy the new equipment, the sunk cost will be the old equipment's book value.

Sunk cost = Book value of the old Equipment

Sunk cost = Cost of equipment - Accumulated Depreciation

= $550,000 - $145,000

= $405,000

Therefore for computing the sunk cost we simply deduct the accumulated Depreciation from cost of equipment

You might be interested in
Haack Inc. is a merchandising company. Last month the company's cost of goods sold was $69,200. The company's beginning merchand
Leya [2.2K]

Answer:

$82,400

Explanation:

Cost of goods sold = beginning merchandise inventory + purchases - ending merchandise inventory.

$69,200 = $15,600 + purchases - $28,800

Purchases = $82,400

3 0
3 years ago
The income statement for the month of June, 2018 of Sarasota Enterprises contains the following information:
BlackZzzverrR [31]

Answer:

b) credit to Rent Expense for $1530

Explanation:

Date Accounts and Explanation     Debit     Credit

         Income Summary                   $5,550

             Salaries & Wages Expense              $2,900

             Rent Expense                                    $1,530

             Advertising Expense                         $740

             Supplies Expense                              $270

             Insurance Expense                             $110

        (To Close the expense accounts)  

8 0
2 years ago
Cameron loves to know about and purchase the most up-to-date technological gadgets. Among his friends, he is almost always the f
Lisa [10]

Answer:

A. Innovator

Explanation:

Adopter categories divides consumers into segments based on their willingness to try out a new ideas or product.

There are five groups of adopters:

1. Innovators: Cameron belongs to this group. Innovators are people who adopt new ideas because they are new. They are the first category of people to try out new things.

2. Early adopters: Unlike innovators, these group of consumers are concerned about their reputation in the society. They don't just purchase a product because it is new.

3.Early majority: These group of consumers purchase a product based on the satisfaction or benefits they will get from buying it.

4. Late majority: They are the fourth group to adapt to a product. They are consumers who takes more precautions before buying a new product. They always rely on confirmation from others before they adopt new ideas.

5. Laggards: The fifth and last grout to accept new ideas. They accept new ideas when being coerced to or they see everyone around them has adopted the new idea.

6 0
3 years ago
Read 2 more answers
​you consider the situation, roll up your sleeves, and get to work. what should be the first step you take in obtaining the info
Alina [70]
The first step would be: define the problem that needs to be solved.
Before we started colelcting information, we need to distinguish which type of information would be considered as 'relevant' and could aid us in achieving our goals. In climbing the Esports industry, this could involve most efficient way of training, nutrition necessary to icnrease gaming concentration, the strength of competitors, etc.
5 0
2 years ago
Identify the possessive pronoun in the following sentence: "I love my new computer!"
Vanyuwa [196]

Answer:

A

Explanation:

5 0
2 years ago
Other questions:
  • What best describes Subsidized federal loans
    12·2 answers
  • Select the correct answer. What is the consumer's ability and desire to buy goods and services called? A. supply B. demand C. eq
    9·1 answer
  • Gwen is a psychologist who maintains an office in a professional suite. She often spends time doing paperwork and scheduling in
    13·1 answer
  • The product _____ is a theoretical model that includes the stages of introduction, growth, maturity, and decline.
    5·1 answer
  • How should the financial interests of stockholders be balanced with varied interests of stakeholders? If you were writing a code
    15·1 answer
  • The exit of existing firms from a competitive market will a. decrease market supply and increase market price. b. decrease marke
    15·1 answer
  • "shoes international is a global nonprofit organization" that works with schools and various companies to donate shoes to childr
    9·1 answer
  • Nicole Corporation's year-end 2017 balance sheet lists current assets of $741,000, fixed assets of $592,000, current liabilities
    12·1 answer
  • Segment Contribution Margin Analysis The operating revenues of the three largest business segments for Time Warner, Inc., for a
    11·1 answer
  • Bill and Hillary produce food and clothing. In an hour, Bill can produce 1 unit of food or 1 unit of clothing, while Hillary can
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!