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Vilka [71]
3 years ago
13

A cost that cannot be avoided or changed because it arises from a past decision, and is irrelevant to future decisions, is calle

d a(n):_____________.
a. Uncontrollable cost.
b. Incremental cost.
c. Opportunity cost.
d. Out-of-pocket cost.
e. Sunk cost.
Business
1 answer:
Ronch [10]3 years ago
6 0

Answer:

e. Sunk cost.

Explanation:

As per the given statement, the best appropriate option is sunk cost. As the sunk cost deals with the past cost which is already incurred in the past and it cannot be changed or avoided, neither it can be recovered. Example - Rent expense.

Plus it does not affect the future decisions that means it is irrelevant for decision-making aspects.

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A type of kitchen knife with a sharp point and a narrow blade. It is used in food
Scrat [10]

Answer:

The answer is C. Boning knife

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2 years ago
A budget based on several different levels of activity, often including both a best-case and worst-case scenario, is called a:
Kaylis [27]

Answer:

Flexible budget.

Explanation:

7 0
2 years ago
Read 2 more answers
Which of the following statements are correct with regards to a change in a company's sales mix? (check all that apply)- A chang
ololo11 [35]

Answer:

The answers are:

  • A change in sales mix from high-margin to low-margin items may cause total profits to decrease despite an increase in total sales.
  • A change in sales mix from low-margin to high-margin items may cause total profits to increase despite a decrease in total sales.

Explanation:

A company's profit is affected by its sales mix. Profits will always be higher if high margin products or services make up a large proportion of the sales mix.  Even if total sales decrease, due to a decrease in the sales of low margin products, the company's profits might increase if more high margin products are sold.

For example, a Ford sells mostly pick up trucks, SUVs and cars. The profit margin from car sales is very low, so in order to make a larger profit the company must focus on selling more pick up trucks and SUVs. Even if the company losses market share by not selling cars, it will make more money by selling high margin products.

7 0
3 years ago
Organizations in the United States such as the National Association for the Advancement of Colored People (NAACP) and the Nation
insens350 [35]

Answer: B. classification is a political issue—these groups fear that their political clout will decline if their numbers go down

Explanation:

These organisations fear that their numbers will go down because should a multiracial category be added, they will have less people classified as the races their organisation caters for. More numbers in an organisation means greater power and influence and we've seen this when large trade unions hold entire companies hostage simply because they have the numbers.

A great example would be the Ikwere people of Southern Nigeria. They share a common ancestry with the Igbos of Eastern Nigeria and generally have very similar customs. Even the language is similar and they had always been considered Igbo until after the Civil War in Nigeria broke out with the Igbos being the main rebels. With the Civil war concluded, the Federal Government officially recognized the Ikwere as an ethic group independent of the Igbo. The Ikwere occupied crude oil rich areas and this recognition therefore robbed the Igbo of valuable lands and political clout.

Whilst not strictly the same as these organisations losing people to the multiracial category, it shows what can happen to an organisation should their numbers decrease

6 0
3 years ago
Mike Hansen has adjusted gross income of $28,350. During the year, Mike decided he needed a larger home. He purchased a home on
storchak [24]

Answer:

<u>$0 (None)</u>

Explanation:

Mike incurring additional moving expenses to his new home is not legally permissible for deduction when starting it in his annual gross income report for tax purposes.

However, miscellaneous expenses such as Unreimbursed business expenses, qualified educational expenses, tax preparation fees, subscriptions to professional journals<em>, and job-hunting expenses </em><em>may be deducted.</em>

6 0
3 years ago
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