Answer:
a. $8 million
Explanation:
In the given situation, the $8 million is the best price to finalize your decision as $20 million costs is that cost which is paid last year and these costs are called sunk cost which is not recovered in the future, that means it is already incurred in the past.
Moreover, the sunk cost is not a part of the future decision as this cost is irrelevant now
So, $8 million is a relevant cost to make a better decision
Freezer has a temperature below freezing point (0 degree F) while refrigerator has a temperature of 40 degree F. At freezing point, the enzymatic activities stop thus meat and meat products that have very less shelf life are stored in the freezer. Frozen food can be stored for months inside the freezer. In case of a refrigerator the enzymatic activities still take place and it is not used for storage purposes.
Thus, uncooked hamburger meat can be stored in a freezer for months rather than in a refrigerator.
Answer: push marketing strategy
Explanation:
A Push Marketing Strategy can sometimes be referred to as the push promotional strategy, and this occurs when businesses take their products to the customers.
In this strategy, different marketing techniques are used by the company to push their products to the consumers. This can be seen in the question given as Venus Inc. is utilizing different methods in order to accelerate the sale of its new product.
Answer:
Partnership
Explanation:
The reason is that the partners in the partnership firm are of equivalent knowledge and experience and combined exibit greater specialization in a specific field. The example included are of accounting firms, auditing firms, law firms, etc.
Answer:
The correct answer is accounting profit is positive.
Explanation:
Economic profits are the difference between the total revenue earned by selling the goods and total costs incurred in the production process. It includes both implicit as well as explicit costs.
The explicit costs are the direct costs incurred in the production process. There is an actual payment involved.
The implicit costs are the indirect costs incurred. They are generally the opportunity cost of sacrificing the alternative option. There is no actual payment involved.
The accounting profits include only explicit costs incurred in the production process. It is the difference between total revenue earned and explicit cost.
A normal profit means zero economic profits. But accountable profits is higher than economic profits, so there will be some positive accountable profit.
