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Andre45 [30]
1 year ago
12

Andrew is deciding whether to remain in the home he has lived in for the past ten years, which is located very near his work, or

to move into a newer home that is located in the suburbs farther from his job. The old house was purchased for $160,000 and has a market value of $220,000. The new home can be purchased for $285,000. Which of the following is not relevant to Andrew's decision?
a. Driving distance to work
b. Cost of the old house
c. Market value of the old house
d. Cost of the new house
Business
1 answer:
vekshin11 year ago
4 0

Answer:

The decision that is not relevant to Andrew is:

b. Cost of the old house.

Explanation:

a) The cost of the old house ($160,000) is not relevant to Andrew decision challenges.  It is a sunk or past cost.  Past costs are not relevant because they do not make a difference in the decision or the alternative to choose.  Since Andrew will be impacted by the driving distance to work from his new house, the market value of the old house, and the cost of the new house, these are relevant in Andrew's decision.

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7. Total Cost for Savings Piggy bank with cash Dean is planning to purchase a new Nissan Altima which costs $26,865. He has save
son4ous [18]

Answer:

The monthly deposit is calculated using PMT function :

rate = 1.2%/2 (converting annual rate into monthly rate)

nper = 12 * 5 (5 years of deposits with 12 monthly deposits each year)

pv = -3200 (Amount put into account now. This is entered with a negative sign because it is a cash outflow)

fv = 26865 (Required value of account after 5 years)

PMT is calculated to be $379.70.

The monthly deposit is  $379.70.

7 0
1 year ago
The following is TRUE about Inventory:________.A. Firms decrease inventory because there is a risk of significant and unpredicta
Aleks [24]

Answer:

The correct answer is option (c).

Explanation:

Solution

From the question sated above the answer is, Firms or organisation decrease inventory because the more we spend on inventory, the more we will need to spend on the other related inventory expenditures.

The reason is because if the inventory is kept full or complete, then the cost related or connected with the maintenance of the inventory increases or goes up and it is not beneficial for the company itself.

7 0
2 years ago
Which task does a busser generally perform?
Vera_Pavlovna [14]

If your taking about resturants a busser usually buss tables meaning they clean and make sure the table is nice and clean for the next customer who arives.

6 0
2 years ago
Each of the following is a rationale for acquisitions EXCEPT:Group of answer choicesA. achieving greater market power.B. overcom
vovangra [49]

Answer:

D.

Explanation:

Based on the answers provided it can be said that all of the options are valid rationale for acquisitions except for positioning the firm for a tactical competitive move. This is because acquisitions refers to gaining new people, technology, IP or distributed channels for an organization which allows that organization to grow and perform better, but is not intended to position the firm to make a competitive move towards another firm, that is done mostly through other business strategies.

8 0
2 years ago
Sunland Company has the following inventory data: July 1 Beginning inventory 72 units at $19 $1368 7 Purchases 252 units at $20
labwork [276]

Answer:

Ending inventory at average cost=  $2400

Explanation:

Sunland Company

Date            Particulars        Units          Unit Cost          Total Cost

July 1      Beginning inventory 72            $19                       $1368

7 July                 Purchases        252            $20                      5040

<u>22 July             Purchases          36               $22                    792   </u>

<u> Total  </u><u>                                       360                                                 $7200 </u>

30 June  Ending Inventory 120 units

Average Cost= $7200/360= $20

Ending inventory at average cost= 120 units at $20= $2400

We divide the total cost with the total number of units to get  the average cost. We multiply the average cost with the ending inventory units to get the vale of ending inventory at average cost.

7 0
2 years ago
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