What amount would be considered sunk costs

Assignment Help Accounting Basics
Reference no: EM132617748

Question - Swifty Corporation has several outdated computers that cost a total of $15000 and could be sold as scrap for $2800. They could be updated for an additional $1500 and sold. If Swifty updates the computers and sells them, net income will increase by $9000.

Required - What amount would be considered sunk costs?

a. $15000

b. $1500

c. $16500

d. $9000

Reference no: EM132617748

Questions Cloud

How has the definition and prosecution of hate crimes evolve : Why would individuals make the decision to associate with these groups? How has the definition and prosecution of hate crimes evolved?
Calculate the dollar amount of each type of service : PDQ Repairs has 200 auto-maintenance service outlets nationwide. Calculate the dollar amount of each type of service that the company must provide
Provide a list of assets that seen in financial statement : Provide a list of assets, liabilities, incomes and expenses that would likely be seen in the financial statements of a supermarket. Be specific with description
Why would individuals make decision to associate with groups : Were you aware of the number and range of recognized hate groups in these states? This video helps us learn about hate groups in the United States.
What amount would be considered sunk costs : If Swifty updates the computers and sells them, net income will increase by $9000. What amount would be considered sunk costs
Explain each of six qualitative characteristics identified : Explain each of the six qualitative characteristics identified within the Framework. Provide a negative consequence to users of failing to comply with them.
Provide an example of each type of user : External users are outside of an entity (with no privileges). Explain this statement, and provide an example of each type of user that goes against this rule.
What is the best way for criminal justice system to treat : After reading the articles, Are honor killings simply domestic violence? and ‘Honour' crimes are domestic abuse, plain and simple, please respond to each.
Big data and cloud computing by using bibliometrics : Provide your assessment on whether the United States need to introduce top talents in the field of big data and cloud computing by using bibliometrics.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd