Answer:
Sunk cost
Explanation:
The sunken cost is the expense previously incurred that will not be compensated in future. Plus, it's also called past expense.
The cost at the time of decision-making is not significant and it should be ignored.
In the given question, the $3,500 spent which is not now recovered and hence represents the sunk cost
Answer:
opportunity cost of producing bananas = 2 pounds of apples per pound of bananas
Explanation:
production possibilities frontier (in pounds):
Apples Bananas
500 1,200
300 1,300
between the two points the production of bananas increases by 100 pounds, while the production of apples decreases by 200 pounds, so the opportunity cost of production bananas instead of apples = 200 pounds / 100 pounds = 2 pounds of apple per pound of bananas
Answer:
$84.100
Explanation:
At the end of March, the balance of the account Accounts Payable was $84100, because:
Beginning Balance $77.400 + Purchases on Accounts $43.700 - Payments on Accounts $37.000 = Ending Bal
ance $84.100
The account balance is always the net amount after factoring in all debits and credits.
Accounts payable are amounts due to vendors or suppliers for goods or services received that have not yet been paid for.
The sum of all outstanding amounts owed to vendors is shown as the accounts payable balance on the company's balance sheet.
Answer:
1. Product invention.
2. Product extension.
3. Product adaptation.
Explanation:
A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks etc.
1. Product invention: it involves creating a totally brand new product to satisfy or meet common consumer needs across countries.
2. Product extension: it involves selling virtually the same product in other counties i.e sales of product that are the same in various countries.
3. Product adaptation: it involves changing a product in order to make it more appropriate or convenient for a county's climate or consumer preferences.
Acc 450 the date of the management representation letter should coincide with the <u>auditor's report</u>.
A management representation letter could on the whole be dated the equal date as the auditor's report, although it may be dated and received later to verify oral representations. however, the letter should be is not dated no in advance than the auditor's document.
All financial records have been made to be had to the auditors. All board of directors mins is whole. Management has made available all letters from regulatory companies regarding financial reporting noncompliance. There aren't any unrecorded transactions.
Management representations should be obtained about uncorrected misstatements diagnosed by using the auditor, the absence of unrecorded transactions, and times of immaterial fraud involving employees who've widespread roles in internal control.
Learn more about auditors here: brainly.com/question/14535075
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