True, you can use a formula in Excel spreadsheet!
Answer:
3. Correctly ignored a sunk cost
Explanation:
Sunk costs refer to those costs which have been incurred in the past and which can no longer be recovered. For example, past expenditure on research and development with no current or future benefits represent sunk costs which can no longer be recovered.
Sunk costs are irrelevant for decision making process as they do not relate to current projects and yield no economic benefit.
In the given case, Manuel had already purchased a $10 movie ticket, which can neither be transferred nor eligible for a refund. Later when he does not exercise the option of going for the movie and opts for a concert instead, the amount of 10$ spent on the movie represents a sunk cost which is non recoverable.
Answer: Flank attack
Explanation:
Flank attack is a strategy in marketing that is adopted by a competing business to take advantage of an area their competitor is weak at or not paying attention to. It is a strategy used against leading business that are performing less than what is expected in certain segment.
Answer:
1)
Net working capital = Current assets - current liabilities
2,135 = Current assets - 5,320
Current assets = 7,455
Current ratio = Current assets / current liabilities
Current ratio = 7,455 / 5,320
Current ratio = 1.40
2)
Quick ratio = (Current assets - inventory) / current liabilities
Quick ratio = (7,455 - 2,470) / 5,320
Quick ratio = 0.94
