Sunk costs are
Costs of projected asset purchases in the future |
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Costs already paid and generally required to enter a market |
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Costs required to exit a market |
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Costs of ongoing production |
Answer
Option 2
Costs already paid and generally required to enter a market
Sunk costs are costs already paid and it is required to pay to enter the market> these costs are not considered for future decisions.
Sunk costs are Costs of projected asset purchases in the future Costs already paid and generally...
9:10 + Exit Question 7 2 pts Accounting costs represent explicit costs paid by the firm. opportunity costs. both sunk and future costs. long run costs only. Question 8 2 pts Explicit costs are the opportunity costs of all resources used by the firm. the costs associated with the resources that the firm owns. O actual expenditures that a firm must make. all costs associated with the short run. 9:10 + As a firm's production increases in the short run,...
Maynard Company has the following projected costs for manufacturing and selling and administrative expenses: epay any amounts owed. Interest owed from the previous month's principal balance is paid on the first of the month at 14% E: (Click the icon to view the projected costs.) Prepare a schedule of cash payments for Maynard for January, February, and March. Determine the balances in Prepaid Property Taxes, Accounts Payable, and Utilities Payable as of March 31. (If a box is_ - X...
The LIFO method of valuing inventory in an environment of rising prices and costs, generally results in the following : All of the above An assumption that more recently acquired inventory is used for current production - leading to higher COGS and lower accounting profits Leads to a Balance Sheet that understates the market value of the inventory that remains Leads to a lower amount of corporate income tax being paid
Maynard Company has the following projected costs for manufacluring and selling and administrative expenses: (Click the icon to view the projected costs.) Prepare a schedule of cash payments for Maynard for January, February, and March. Determine the balances in Prepaid Property Taxes, Accounts Payable, and Utilities Payable as of March 31. (If a box is not used in the table leave the box emply; do nol enter a zero.) January February March Total i Data Table Cash Payments Direct Materials:...
1) A company recently paid out a $4 per share dividend on their stock. Dividends are projected to grow at a constant rate of 5% into the future, and the required return on investment is 8%. After one year, the holding period return to an investor who buys the stock right now will be: A. 5% B. 3% C. 8% D. 13% 2) A company recently paid out a $2 per share dividend on their stock. Dividends are projected to...
Carmen Company has the following projected costs for manufacturing and selling and administrative expenses: January February March Direct materials purchases $3,100 $4,500 $4,400 Direct labor costs 2,600 3,200 3,700 Depreciation on plant 700 700 700 Utilities for plant 560 560 560 Property taxes on plant 150 150 150 Depreciation on office 350 350 350 Utilities for office 320 320 320 Property taxes on office 120 120 120 Office salaries 5,000 5,000 5,000 All costs are paid in...
32. When producing joint products, what are the relevant costs for a decision to sell or process further? a. Joint costs b. Costs incurred before the splitoff point c. Costs incurred at the splitoff point d. Costs incurred after the splitoff point. 33. Which of the following describes the cost of maintaining warehouse facilities? a. carrying costs. b. set-up costs. c. order costs. d. sunk costs. 34. Which of the following is a method of managing purchasing, production, and sales, by which the...
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all one question just matching, thank you!!!
Costs that have already incurred Cost of goods available for sale minus ending (finished goods) inventory Selling, general and administrative expenses Triple bottom line 1. Materials used in manufacturing Raw materials inventory 2. Can be traced to a cost object Work in process inventory 3. Total manufacturing costs to account for minus ending work in process inventory Finished goods inventory 4. Value chain 5. Goods that are partway through the manufacturing process,...
Actual or Projected
Month
Units
Actual
November
9,000
Actual
December
8,000
Projected
January
11,000
Projected
February
10,000
Projected
March
6,000
Projected
April
7,000
Projected
May
7,000
Projected
June
7,000
It takes ten skeins of yarn to make one sweater. Each skein
costs $1.30. Past experience shows you need to have enough sweaters
on-hand to fill the next month and one half of sales (approximately
forty-five days). Also, you need enough yarn to manufacture the
next month’s production.
You will have...
Trinkle Company made several purchases of long-term assets in 2018. The details of each purchase are presented here. New Office Equipment List price: $44,500; terms: 2/10, n/30; paid within the discount period. Transportation-in: $840. Installation: $480. Cost to repair damage during unloading: $524. Routine maintenance cost after eight months: $280. Basket Purchase of Copier, Computer, and Scanner for $52,700 with Fair Market Values Copier, $23,495. Computer, $12,065. Scanner, $27,940. Land for New Warehouse with an Old Building Torn Down Purchase...