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3 years ago

Why might a business conduct a life cycle assessment?

1 answer:

5 0

Companies use LCA to demonstrate transparency and corporate credibility to stakeholders and customers. LCA is also used in new product research and development, when environmental footprint is important to the future marketing or cost structure of a product.

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Jacob visits an auto repair shop. Due to the decrease in the value of money, he learns that a spark plug would cost him 15 perce

andreyandreev [35.5K]

Answer:

Jacob has to pay more as a result of inflation.

Explanation:

As the price has increased 15% due to decrease in the value of money from the last year. Thus this is a clear indication of inflation as inflation is defined as the rate at which the price of a specific good is increasing over the time.

4 0

3 years ago

Read 2 more answers

Costs that have already been incurred and cannot be avoided regardless of what a manager decides to do are ______ costs.

Sergeeva-Olga [200]

Costs that have already been incurred and cannot be avoided regardless of what a manager decides to do are sunk costs.

Money that has already been spent and cannot be recouped is referred to as a sunk cost.
The sunk cost phenomenon in business is an example of the notion that one must "spend money to make money."
A sunk cost is distinct from potential future expenses a company can incur, such as choices on the price of products or the cost of purchasing inventories. Sunk costs are disregarded while making future business decisions since they won't change regardless of the choice made.

<h3>Give an example of Sunk cost.</h3>

Let's say XYZ Clothing produces baseball gloves. It leases a factory for $5,000 each month, and the machinery was paid in full for $25,000 before. The business makes a simple glove model for $50 and sells it for $70. The producer can make a $20 profit on each basic model sold. As an alternative, it can carry on with production while spending an additional $15 and sell a premium model glove for $90.
The company weighs the $20 increase in revenue against the $15 additional cost when deciding whether to produce the premium glove to generate a $5 profit. The cost of the factory lease and the cost of the equipment are both buried expenses and are not taken into consideration when making decisions.
Sunk costs become important costs and ought to be included in company choices on upcoming events if they can be removed at some point.
Any sunk costs that have expiration dates should be taken into consideration, for instance, if XYZ Clothing is thinking about closing a production plant. XYZ Clothing weighs the revenue that would be lost if production stopped along with the expenditures that would also be eliminated when deciding whether to close the facility. If the factory lease expires in six months, the lease cost should be included as an item that can be reduced or eliminated since it is no longer a sunk cost. The plant should be shut down if the overall costs exceed the revenue.

Learn more about Sunk cost here:

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5 0

2 years ago

Duval Co. issues four-year bonds with a $117,000 par value on January 1, 2019, at a price of $112,870. The annual contract rate

AleksandrR [38]

Answer and Explanation:

The preparation of the amortization table is presented below:

Semiannual Discount Unamortized Discount Carrying Value

Period-End amortized

1/1/19 $4,130 $ 112,870

($117,000 - $112,870)

6/30/19 $3,613.75 $113,386.25

($4,130 - $4,130 ÷ 8 years) ($112,870 + $516,25)

12/31/19 $3,097.50 $113,902.50

($3,613 - $4,130 ÷ 8 years) ($112,.870 + $516,25)

6/30/20 $2,581.25 $114,418.75

($3,097.50 - $4,130 ÷ 8 years) ($113,902 + $516.25)

12/31/20 $2,065.00 $114,935.00

($2,581.25 - $4,130 ÷ 8 years)

6/30/21 $1,548.75 $115,451.25

($2,065 - $4,130 ÷ 8 years)

12/31/21 $1,032.50 $115,967.50

($1,548.75 - $4,130 ÷ 8 years)

6/30/22 $516.25 $116,483.75

($1,032.50 - $4,130 ÷ 8 years)

12/31/22 $- $ 117,000.00

($516.25 - $4,130 ÷ 8 years)

The same method is applicable for other time period

5 0

4 years ago

A partnership: __________

kykrilka [37]

Answer:

b. Has unlimited liability for its partners.

Explanation:

Both partnerships and sole proprietorships are very common forms of business, are relatively easy to create, and they are both pass through entities, but they also have a commons disadvantage: their owners are personally for the business' obligations. That means taht if things go wrong, their owners will have to use their other personal assets to covers for any liabilities.

6 0

3 years ago

Rick, who is single, has been offered a position as a city landscape consultant. The position pays $131,000 in cash wages. Assum

Inessa05 [86]

Answer:

a. $99 560 b. $66900 c. option a

Explanation:

Rick deducts on a standard deduction which lowers his income by one fixed amount.

Ricks gross income $131000. He has no one else except himself so no other deductions besides tax.

(a) After tax compensation = Gross income – Deductions(tax)

= $131000 - $131000*24%

The tax percentage is taken from the tax table so rick earns between the tax brackets $84201 to $160725 as we are told he is also single.

=$131000 - $31440

=$99 560 is Ricks after tax compensation or income.

(b) After tax compensation = Gross Income – Deductions(tax) + Benefits

=$80 0000 - $80000*22% +$4500

=$66900 will be Ricks after tax compensation for the other option.

The tax percentage of 22% is taken from the tax schedule on the tax brackets of $39476 to $84200 as the option contains $80000 which rick can potentially earn if he chooses this option.

(C) Rick should take the $131 000 option which is the option calculated first as it has a higher take home pay than the second option with benefits so he can be more satisfied as the bottom option for $80000 charges more tax at a lower amount the tax amounts are much closer in percentages but their difference is greater as it is approximately $51000 so he will benefit more on the first option than the second option.

6 0

3 years ago