Answer:
Sunk cost will be = $70
Explanation:
Sunk Cost refers to the cost for which the amount has been already spent, and cannot be recovered. These are generally incurred and then not regarded for decision making as irrespective of decision being viable or not this cost cannot be avoided.
In the given instance, Damon Rutton Purchased the ticket of $70
This is the only cost which has already been incurred, else other costs of parking and food will only be incurred if he visits the game of Sarasota Shippers.
When he spend some time with his wife sunk cost will be = $70
Answer:
The correct answer is letter "D": must be long-lived and used by the company in its normal operations.
Explanation:
Fixed assets are tangible resources used by a corporation to produce profits. To qualify as a fixed asset, the item can not be consumed or sold in less than one year and be part of the daily operations of the business. Fixed assets are listed on the balance sheet of the company and are subject to depreciation.
Examples of fixed assets include <em>buildings, factories, leasehold improvements, computers, electronic hardware, furniture, automobiles, </em>and <em>construction equipment.</em>
Answer:
contract terms incentivize one party to take on more risk because they don't carry the full cost of the risk
Explanation:
A moral hazard can be understood as the concept that a participant that is sheltered from danger in some manner will behave significantly than if they were not.
Every day, we see moral hazard in the form of established academics who remain apathetic presenters, individuals who have burglary insurance who are less attentive about where they parked, compensated workers who take long vacations, and etc.
Thus, from the above we can conclude that the correct option is C.
I would say that B), C) and D) would apply as events that would be covered by one's own homeowner insurance for sure. The flooding, as long as it wasn't one's own fault, ie it was the neighbour's fault or it ingressed from outside for example should be covered by the building insurance if it is a strata complex and if one has a deductible for flooding in case of one's fault, that will help too.
Answer:
Type A to produce 44 bags and Type B to produce 16 bags to maximize profit of $440
Explanation:
Let X be the number of bags for Type A and Y be the number of bags for Type B
Cutter Finisher
Type A 2X 1X = $6X
Type B <u> 1Y 2Y = $11Y</u>
104 76
2x+1y= 104
1x+2y=76
y= 104-2x
x+2(104-2x) = 76
x+ 208-4x = 76
132= 3x
x= 44 bags
y= 104-2(44)
y= 16 bags
Type A should produce 44 bags and Type B 16 bags to maximize profit
Maximum Profit = 6X + 11Y
= 6(44) + 11(16)
= $440
