Sunk costs are costs that are irrecoverable. It’s something that you already spent and that you won’t get back‚ regardless of future outcomes. And remember that the greatest example of sunk cost you pay is with your own time‚ and which you will not be able to recover: all that you lived up until now is gone — you just can’t reclaim that time. Stop clinging to the past and make the most of your life right now. One of the most important lessons about economic costs is that sunk costs are sunk
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Case Study: Camelback Communications: Questions 1. What will CCI now have to charge for each product to make a 40% mark-on? If CCI maintains its rule about dropping products with a mark-on below 25%‚ which additional products‚ if any‚ will it drop? To have a charge for each product‚ first the standard costs are calculated‚ based on the new allocation rate ($10.36): |Product |B |C |D | |Material |5‚00
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1. Product costs used for pricing and product-mix decisions generally include: Answer | | manufacturing costs only | | | design costs plus manufacturing costs | | | all costs incurred along the value chain | | | distribution costs only | 0.1 points Question 4 Within the relevant range‚ if there is a change in the level of the cost driver‚ then: Answer | | fixed and variable costs per unit will change | | | fixed and variable costs per unit will remain the
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Where was I born? As a quick background‚ India is divided into five sub divisions: North‚ South‚ East‚ West and Central India. It is these regions and the geographical surroundings combined with religion that defines how we dress‚ what we eat‚ what language we speak‚ how we look and what our unique culture is. Hence‚ metropolitan cities like Mumbai‚ New Delhi‚ and Bangalore are melting pots where migrant populations along with natives and their respective cultures are strongly interwoven into one giant
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Cost of equity refers to a shareholder’s required rate of return on an equity investment. It is the rate of return that could have been earned by putting the same money into a different investment with equal risk. How It Works/Example: The cost of equity is the rate of return required to persuade an investor to make a given equity investment. In general‚ there are two ways to determine cost of equity. First is the dividend growth model: Cost of Equity = (Next Year’s Annual Dividend /
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What makes a great civilization? A civilization depends on a number of factors which are important. These factors are the components that make a civilization. The main factors are good government and control‚ good geographical location‚ labour specialisation‚ complex beliefs and a unique writing system. Good control and good government is the most important factor in the development of a civilization. Suppose‚ the geographical location is very good for the civilization; there is easy access to
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they truly are. On January 13‚ 1999 Hae Min Lee a senior at Woodlawn high school was strangled to death. Her body was found weeks later in Leakin Park. Adnan syed was convicted of murdering Hae. Adnan Syed doesn’t appear to have any kind mental disorders but questions have arose on whether he is a psychopath. Adnan has shown many signs of being a psychopath. Psychopaths shows lack of emotion‚ especially the social emotions‚ such as shame‚ guilt‚ and embarrassment. They can be intelligent‚ charming
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Chapter 8 Cost Estimation and Budgeting True/False 1) Direct costs are those clearly assigned to the aspect of the project that generated the cost. T 2) Material is an example of a cost that is recurring‚ variable and direct. T Multiple Choice 1) Which of the following is a direct cost? A) labor B) rent C) depreciation on equipment D) health benefits 2) Workers paid $15.00 per hour with an overhead charge of 1.45 and a personal time allowance of 1.15‚ have what total direct labor cost for an
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Chapter 8 Cost Estimation and Budgeting 8.1 True/False 1) Direct costs are those clearly assigned to the aspect of the project that generated the cost. Answer TRUE 2) Material is an example of a cost that is recurring‚ variable and direct. Answer TRUE 3) An expedited cost is one that does not vary with respect to their usage. Answer FALSE 4) An order of magnitude estimate is usually more accurate than a ballpark estimate. Answer FALSE 5) Comparative estimates are more accurate than definitive
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What is cost of capital? The cost of capital is the cost of obtaining funds‚ through debt or equity‚ in order to finance an investment. It is used to evaluate new projects of a company‚ as it is the minimum return that investors expect for providing capital to the company‚ thus setting a benchmark that a new project has to meet. Importance The concept of cost of capital is a major standard for comparison used in finance decisions. Acceptance or rejection of an investment project depends on the
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