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Ymorist [56]
4 years ago
15

After cost overruns of the solar project, $10 million was already spent and unrecoverable. It was going to cost $12 million more

in order to complete the project, and now society somehow needs to make the rational choice toa. continue with the project provided that the additional solar electricity is worth more than $10 million.b. continue with the project provided that the additional solar electricity is worth more than $32 million.c. continue with the project provided that the additional solar electricity is worth more than $22 million.
Business
1 answer:
Brrunno [24]4 years ago
4 0

Answer:

a. continue with the project provided that the additional solar electricity is worth more than $10 million.

Explanation:

It is provided that after cost overruns of the project is $10 million, which can never be recovered, thus, it is a kind of sunk cost.

Sunk cost is the cost which is made previously, and now in no manner will affect the decision, as cannot be recovered.

Therefore, such cost is ignored.

Further provided additional cost will be $12 million, therefore, now the society shall make a rational choice whether to continue the project providing solar electricity of $10 million, as in case of amount of solar energy is $32 million or $22 million, then the choice is obvious to accept,

Rational choice will be for solar electricity worth $10 million.

Therefore, correct statement is

a. continue with the project provided that the additional solar electricity is worth more than $10 million.

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An auditor ordinarily sends a standard confirmation request to all banks with which the entity has done business during the year
Virty [35]

Answer:

A. seek information about loans from the banks.

Explanation:

A loan can be defined as an amount of money that is being borrowed from a lender and it is expected to be paid back at an agreed date with interest.

Generally, the financial institution such as a bank lending out the sum of money usually requires that borrower provides a collateral which would be taken over in the event that the borrower defaults (fails) in the repayment of the loan.

An auditor refers to an authorized individual who review, examine and verify the authenticity and accuracy of business financial records or transactions.

An auditor ordinarily sends a standard confirmation request to all banks with which the entity it is auditing has done business during the year under audit, regardless of the year-end balance. One purpose of this procedure is to seek information about loans from the banks so as to examine and verify the amount that was loaned by the bank to the business entity, as well as comparing the figures (values) to that on the balance sheet.

3 0
3 years ago
This past summer, mcdonalds approached the university of florida about renaming ben hill griffin stadium mcdonalds field. mcdona
MaRussiya [10]
<span>Publicity. Mcdonalds is a business and that a great move to make. Great advertisement for em and will make money back in know time. Once someone see at the game or on television the people eating mcdonalds will make em hungry for it as well.</span>
8 0
3 years ago
Read 2 more answers
You should research the ______________ of a career to learn about its long-term growth and stability.
Vitek1552 [10]

If you're interested in a career's long-term growth and stability, you should investigate what the average wage is. Thus, option (C) is correct.

<h3>What is the investigation?</h3>

A detective's job is to conduct investigations. Private investigators conduct investigations. A criminal investigation is the study of facts used to track down an alleged criminal and establish his or her guilt. The division of the British Police responsible for criminal investigations is where plainclothes detectives work.

The average pay, on the other hand, is calculated by dividing the total number of salaries by the total number of salaries. For illustration, let's take a look at three employees with wages of $20,000, $30,000, and $50,000 each. Currently, the average pay is 33,333 and the median wage is 30,000.

Therefore, Thus, option (C) is correct.

Learn more about the investigation here:

brainly.com/question/7721379

#SPJ1

6 0
1 year ago
Consumers should be concerned about high interest rates because high interest rates __________.
svlad2 [7]
Consumers should be concerned about high interest rates because high interest rates equals to higher interest/ more money that needs to be paid.
4 0
4 years ago
the inventory method that will always produce the same amount for the cost of goods sold in a periodic invenotry system as
liraira [26]

Answer:

FIFO.

Explanation:

Note: This question is not complete. The complete question is therefore given before answering the question as follows:

The inventory method that will always produce the same amount for cost of goods sold in a periodic inventory system as in a perpetual inventory system would be:

FIFO.

LIFO.

Weighted average.

None of these answer choices is correct.

The explanation to the answer is now given as follows:

First-in, first-out (FIFO) is an inventory method under which the oldest inventory items are recorded in the account as being issued or sold first.

A periodic inventory system refers to an inventory valuation method under which there is an update to the inventory account at the end of an accounting period instead of after every sale and purchase of inventory items.

A perpetual inventory system to an inventory valuation method under which there is an update to the inventory account after every sale and purchase of inventory items. This is done by using computer softwares such as computerized point-of-sale systems and enterprise asset management software.

When FIFO inventory method is being used, both the periodic inventory system and perpetual inventory system will always produce the same amount for cost of goods sold.

Based this explanation, the correct option for this question is FIFO.

4 0
4 years ago
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