Answer:
Add a very high-end video board.
Explanation:
Joe used the CAD system for his work. Joe required A good video graphics card to run his CAD system easily.
High-end video graphics cards are normally used to increase the video performance of our system.
In the case of Joe, he needs a system that runs faster with the CAD program, because CAD is used for designing.
Answer:
The anticipated collections for August are $1024800
Explanation:
Based on the past experience part, the cash inflows for August will include 8% of June's sales collection, 20% of July's sales collection and 70% of August's sales collection.
Thus, the anticipated collection for August will be:
- 8% of June' sales = 854000 * 0.08 = 68320
- 20% of July's sales = 1195600 * 0.2 = 239120
- 70% of August sales = 1024800 * 0.7 = 717360
Total anticipated collection-August = 68320 + 239120 + 717360 = $1024800
Answer:
$12,280,000.
Explanation:
All the direct costs involved in the manufacturing of a product except fixed cost is called prime cost e.g direct material, direct labor etc.
Direct Material = $4,200,000
Direct labor = $8,080,000
Total Prime cost = Direct material + Direct labor = $4,200,000 + $8,080,000 = $12,280,000
Overhead costs are not classified as the prime cost because these are indirect costs.
Answer:
Sunk cost fallacy.
Explanation:
Sunk costs - are costs that have been incurred as a result of past decisions. Now are unrecoverable.
A trap which enables a investor to invest more in the sunken costs to earn profit.
Are cost incurred in the past tha cannot be changed.
Sunk cost fallacy - considering sunk costs when making new decisions at the margin. Can lead to using out of date facilities and incurring large opportunity costs.
Is the continued investment in something no longer desired to reconcile the loss of the initial investment.
