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leonid [27]
2 years ago
15

What is an example of a 'Sunk cost" ? *

Business
1 answer:
VashaNatasha [74]2 years ago
7 0

Answer:

C. the price of last month's car repairs when getting your car fixed.

Explanation:

The correct option is - C. the price of last month's car repairs when getting your car fixed.

Reason -

A sunk cost is a past cost that you can’t recover.

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On July 1, 2010, Ellison Company granted Sam Wine, an employee, an option to buy 400 shares of Ellison Co. stock for $30 per sha
gregori [183]

Answer:

Ellison Company should recognize compensation expense on its books in the amount of $600

Explanation:

Solution

The transaction in the books of Ellison Company during the period of July 1st 2010 to December 31st 2010

On July 1st the share value was $30 *400 =  12000

On October 1st 2010 sold at $ 36 * 400 =  14400

The gain on this transaction was = $2,400          

31st July 2010, less compensation expenses =$ 1,800    

The fair vale to be recorded as a gain = $ 600

3 0
3 years ago
If the price of good X rises and the demand for good X is inelastic, then the percentage fall in quantity demanded is __________
Dominik [7]

If the price of good X rises and the demand for good X is inelastic, then the percentage fall in quantity demanded is greater than the percentage change in price, and total revenue falls.

Demand elasticity, often known as the elasticity of demand, gauges how consumers react to changes in price or income. Due to the fact that the price of a good or service is the most typical economic component used to measure it, it is frequently referred to as price elasticity of demand.

The whole amount of money a seller can make by providing goods or services to customers is known as total revenue. The formula for this is P\times Q, or the purchase price times the quantity of the products sold.

Learn more about elasticity of demand here brainly.com/question/24384825

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6 0
2 years ago
The state government maintains an investment pool for itself and local governments in the state. The investment pool received t
Katyanochek1 [597]

Answer:

$15,000,000

Explanation:

The local government comes under the control of state directly. The amount received from local government should be reported in state's investment trust fund.

8 0
2 years ago
Read 2 more answers
What are closing costs?​
I am Lyosha [343]

Answer:

fees paid at the end of a real estate transaction.

4 0
3 years ago
2. As a teenager, why might creating a budget be important?
Vadim26 [7]

A budget can help teens start to discern between genuine needs and wants and will show them where their money is going each month. A good budget will provide for both needs and at least some wants and should be flexible and relatively easy to use and understand.

6 0
2 years ago
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