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When deciding to lease a new cutting machine or continue using the old machine, the irrelevant cost is $10,000, the selling price of the old machine. Therefore, the correct answer is option a.
This is because the selling price of the old machine is a sunk cost, meaning it has already been incurred and cannot be recovered regardless of the decision to continue using the old machine or to lease a new one.
Therefore, it should not be considered in the decision-making process. The relevant cost in this scenario is the annual savings in operating costs if the new machine is purchased, which is option (d) $3,000. This is because it represents the additional cost or savings that would result from choosing one option over the other.
The cost of the new machine, option (b) $20,000, is also relevant because it represents the additional cost of leasing a new machine compared to continuing to use the old one. By considering only the relevant costs, the decision maker can determine which option would be more financially beneficial for the company.
In this case, if the annual savings in operating costs from leasing the new machine exceeds the additional cost of leasing it, then it would be the more financially beneficial option. Otherwise, continuing to use the old machine would be the better choice.
In summary, the irrelevant cost in this scenario is the selling price of the old machine, while the relevant costs are the cost of the new machine and the annual savings in operating costs. Therefore, the correct answer is option a.
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Complete Question:
When deciding to lease a new cutting machine or continue using the old machine, the irrelevant cost is __. Explain in 180 words with the summary.
a. $10,000, the selling price of old machine
b. $20,000, cost of new machine
c. $50,000, cost of old machine
d. $3,000, annual savings in operating costs if the new machine is purchased
B. Paying for military always requires massive amounts of money.
C. Economic growth brings nations closer together.
D. Economic growth creates the wealth that pays for defense and future investments.
Answer:
D. Economic growth creates the wealth that pays for defense and future investments.
Explanation:
Economic growth is important for the development of all sectors of a nation, especially those sectors that demand high amounts of public investment, such as the national strength.In crisis situations, the government needs to cut spending and state defense sectors such as the military are often affected. Instead, as the nation thrives economically, more investment can be made for national defense through security forces. These investments consist of new technologies, equipment, supplies, and spending on training forces and all that is necessary for national security to be guaranteed.
B. laissez faire
C. employment-at-will
D. due process
E. implied in fact
Answer:
The correct answer is C) Employment-at-will
Explanation:
Under the employment-at-will doctrine, employers can dismiss an employee for any reason as long as the reason is not illegal (for example, firing someone because of his race or sex, which would be illegal discrimination), and employees can leave the job at anytime at will. Under this doctrine, if you do not want to keep working, you just stop going to your job.
The benefit of this doctrine is that it gives more labor flexibility and avoids the existence of lawsuits. The con of this doctrine is that it reduces labor protections.
The most challenging aspect to measure in Kristina's marketing project is the effectiveness of the blurbs.
The most challenging aspect to measure in Kristina's project of delivering twenty 100-word marketing "blurbs" is the effectiveness of the blurbs. While it is relatively easy to count the number of blurbs delivered and assess the timeliness of the delivery, evaluating the effectiveness of the blurbs requires a deeper understanding of the intended audience, the marketing goals, and the desired outcomes. This measurement involves analyzing customer engagement, conversion rates, and sales data to gauge the impact of the blurbs on the target market.
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One way the government try to encourage growth during recession is by increasing unemployment benefits
Any country's economy that experiences a decline for a minimum of six months is said to be in recession.
Recession causes unemployment because when the growth of the economy is very slow, the revenues generated by companies during this period will be very less, which can also result in job loss.
Therefore, one of the ways the government intervenes to encourage growth during recession is by increasing unemployment benefits so that its effect will not be too much on the unemployed.
Any economy facing recession will experience a significant decrease in sales and revenues.
For example: the recessions that occurred in the United States from 2008 to 2009 affected major banks. Banks recorded huge loss and this forced banks to decrease the rate at which new loans are issued.
Also, many companies reduce employee’s salary and stop the recruitment of new workers; In fact, banks were so afraid to give loans to each other.
One of the major causes of recession is when there is a decline in the GDP growth, but some other causes also include
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Answer:
Free trade.
Explanation:
This theoretical policy can be explained to be certain laws under which the government is seen to impose absolutely no tariffs, taxes, or duties on imports, or quotas on exports. Therefore, it is directly seen to be the opposite of protectionism, a defensive trade policy intended to eliminate the possibility of foreign competition. It is seen in terms of unrestricted measures in importation and also exportation of goods in and out of a country.
In the world of our own, which is of the recent times, this policy implementation is done by means of a formal and mutual agreement of the nations which are seen to be involved. Also this policy in some cases may simply be the absence of any trade restrictions.