Answer:
c.$17,800
Explanation:
Sunk cost is a term that refers to money that has been spent and cannot be recovered or recouped.
$17,800 that was used by Hi-tech to purchase computers cannot be recovered. So ,it is the sunk cost.
Answer:
B. those who lose from free trade are better organized than those who gain.
Explanation:
There is a bias in the political process against free trade because <u>those who lose from free trade are better organized than those who gain</u>.
Free trades are the business agreement between two or more countries to import or exports among these countries does not have tax duties to follow, which boast their relationship and economy of countries as people can get quality goods at very low cost from other nation, however, many domestic organized sectors the affected by the free trade as they lose customer and revenue. Therefore, free trade has a negative effect on the local producer, which causes bias in the political process against free trade.
Answer:
Variable cost=$750,000
Fixed costs= $13,000
Explanation:
Giving the following information:
The firm must purchase $60 in raw meat and pay $50 in wages for labor and $40 in fuel costs. Also, the firm rents a factory for $10,000 per month and makes 3,000 in monthly payments on meat packaging equipment. Suppose the firm prepares and transports 5,000 packages of meat per month.
Variable cost= raw meat + wages + fuel= (60 + 50 + 40)*5,000= $750,000
Fixed costs= rent + packaging equipment= 13,000
Answer: d. Control, because they are attempting to minimize labor costs
Explanation:
By trying to reduce labor costs, FlanCrest is engaging in a Control HR Strategy that will see them control the costs being expended on human resources.
This case shows how Controling activities such as cost cutting can be done to keep customers because if FlanCrest did not do what they did, they might have lost Widespread Motors as customers.
