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sladkih [1.3K]
3 years ago
12

Chang Industries has 2,200 defective units of product that already cost $18 each to produce. A salvage company will purchase the

defective units as is for $7 each. Chang's production manager reports that the defects can be corrected for $10 per unit, enabling them to be sold at their regular market price of $23. The $18 per unit is a:
Business
1 answer:
ipn [44]3 years ago
8 0

Answer:

The $18 per unit is a:

sunk cost.

Explanation:

Chang's cost incurred per unit of $18 is a sunk cost.  A sunk cost is a cost that has already been incurred.  It does not make a difference in a future decision. This implies the Chang may decide to correct the defect or otherwise.  What decision it takes should be based on the cost and revenue that results from the next decision, and not the past decision.

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Strike441 [17]

Answer:

$6,500

Explanation:

In these cases, the fraction 3/15 represents that 3% discount will be offered on payment if the payment is made within 15 days.

The fraction n/45 represents the total credit period allowed for this purchase is 45 days.

So if a person makes the payment beyond 15 days there will be no discount offered and accordingly, the purchase price will be paid.

Here, Happy Valley also paid after 15 days, that is on 17th day. Thus, net purchase will be $6,500 and no discount shall be recorded on such payment, or recording the purchase value.

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3 years ago
First month plus a security deposit is an example of this operating expense.
Anika [276]
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3 years ago
. Which business practice did Rockefeller repeatedly use that helped him succeed in building his oil monopoly?
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4 years ago
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A television commercial advertises that a certain type of battery will last, on the average, 20 hours longer than twice the life
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balandron [24]

Answer:

103,500 units

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