On March 1, a customer's account balance of $32,300 was deemed to be uncollectible. What entry should be recorded on March 1 to the write-off the allowance method? O Debit Accounts Receivable $32,300, credit Bad Debts Expense $32,300 O Debit Allowance for Doubtful Accounts $32.300, credit Bad Debits Expense $32,300 O Debit Allowance for Doubtful Accounts $32,300, credit Accounts Receivable $32,300 O Debit Bad Debts Expense 532,300, credit Accounts Reonivabin $32,300
Answers
The correct entry to write off the uncollectible account using the allowance method on March 1 would be:
Debit Allowance for Doubtful Accounts $32,300
Credit Accounts Receivable $32,300
The allowance method is an accounting technique used to estimate and record potential losses from uncollectible accounts receivable. It involves creating an allowance for doubtful accounts, which is a contra-asset account that reduces the reported amount of accounts receivable on the balance sheet.
By debiting the Allowance for Doubtful Accounts, we reduce the amount of the allowance, reflecting the write-off of the uncollectible account. The credit to Accounts Receivable reduces the customer's outstanding balance, recognizing the loss. This entry reflects the recognition of the bad debt expense and the adjustment to the allowance for doubtful accounts.
Therefore, the correct answer is debit Allowance for Doubtful Accounts of $32,300 and credit Accounts Receivable for $32,300.
For more details regarding the allowance method, visit:
https://brainly.com/question/28104527
#SPJ4
Related Questions
Which tsa resource helps ga operators, including facility managers and owners, employ basic security measures?
Answers
Aircraft Operator Security Coordinator (AOSC) helps GA operators, including facility managers and owners, employ basic security measures
A review of all security-related tasks for which the aircraft operator is accountable, for effectiveness and compliance with this part, the aircraft operator's security program, and applicable Security Directives. This review must be done every day by the ground security coordinator at each airport.As specified in the security program, the AOSC and any alternates must be chosen at the corporate level and act as the aircraft operator's main point of contact for all security-related tasks and interactions with TSA. The AOSC or a substitute AOSC shall be accessible 24 hours a day.
Learn more about the aircrafts operations with the help of the given link:
https://brainly.com/question/15042865
#SPJ4
Air max 270's or Jordan 1 Mid's?
Answers
Air max 270's
they make me taller than Jordan 1 Mid's, and since im a short dude, I lowkey need that extra inch.
When a computer is frozen and cannot properly be shut down, manually hold down the manual power button until the computer restarts. true or false
Answers
Answer:true
Explanation:
Outline the importance of budgets, setting of a daily fee and utilisation has on the viability of the ECEC service.
Answers
The viability of an early childhood education and care (ECEC) service is essential to the success of any facility. Budgets, setting of daily fees, and utilisation all play a crucial role in the viability of the service.
The significance of budgets in ECEC services is that they ensure that there is proper control and monitoring of the facility's financial position. With a budget in place, the centre management can easily track their income and expenses, and thus be better equipped to make informed decisions on where to allocate their resources.The setting of a daily fee is another critical factor that has a considerable impact on the viability of ECEC services. It's vital to ensure that the daily fee charged by the facility covers the cost of delivering quality services. It is crucial to find the right balance between affordability for families and the financial viability of the centre. Utilisation is another crucial factor that has a significant impact on the viability of ECEC services. A higher utilisation rate ensures that the facility is generating more revenue. If the centre is running at full capacity, it can ensure its financial viability while delivering quality services to children.
In conclusion, the importance of budgets, setting of daily fees, and utilisation cannot be overstated when it comes to the viability of ECEC services. A well-managed budget ensures that the ECEC service centre remains financially stable, while the setting of the daily fee ensures that the facility is affordable to families while remaining viable. It is essential to maintain a high utilisation rate as it ensures that the centre is generating sufficient revenue. It is crucial to find a balance between the three aspects to ensure that the centre remains viable and can continue to provide quality services to children.
Learn more about early childhood education and care here:
brainly.com/question/25169241
#SPJ11
With microfinance, the mechanism of ________ is a way to avoid the problem of imperfect information.
Answers
Answer:
peer lending
Explanation:
With microfinance, the mechanism of ________ is a way to avoid the problem of imperfect information. A) requiring no collateral B) peer lending C) making only small loans D) accepting savings deposits
Imperfect information is when parties to a transaction do not have the same amount of information.
Peer lending is when a borrower is matched with a lender. Information about the borrower is disclosed to the lender. Such information includes :
personal credit quality
age nameeducation genderthis helps to reduce imperfect information
austertech, a u.s. company, produces computer parts and sells them to south american countries. austertech is engaging in the international business activity known as .
Answers
Austertech, a u.s. company, produces computer parts and sells them to south American countries. austertech is engaging in the international business activity known as Exporting.
An export in worldwide exchange is a great produced in one united states of america this is offered into every other united state of america or a service furnished in a single united states of america for a national or resident of some other us of a. the seller of such goods or the service issuer is an exporter; the overseas purchaser is an importer. Exporting may be profitable for organizations of all sizes.
On average, sales develop faster, extra jobs are created, and employees earn greater than in non-exporting corporations. aggressive gain. america is known worldwide for excessively nice, progressive goods and services, customer support, and sound enterprise practices.
the hobby of sending items to some other country with a purpose to promote them there: the exportation of sth the primary commercial enterprise of the port is the exportation of grain and agricultural produce.
Learn more about Exporting here: https://brainly.com/question/21897468
#SPJ4
Which of the following would be the best place to discuss your interests or extracurricular activities?
A. Internship
B. Cover letter
C. Résumé
D. Thank you letter
Answers
Answer:
B. A cover letter
Explanation:
An internship is a student working in an organization, a cover letter (which is the right answer) can state your interests or extracurricular activities to show your interest in taking the job, a resume is for your past job experiences and a thank you letter is... a thank you letter-
develop an outline of the necessary qualitative and quantitative factors and reasons for including in analyzing the feasibility of the company making an investment in a new product line overseas or keeping it in the us.
Answers
An outline of the necessary qualitative and quantitative factors and reasons for including in analyzing the feasibility of the company making an investment in a new product line overseas or keeping it in the US will contain the scope of business, risks, as well as environmental and legal factors.
What would the above outline look like?When analyzing the feasibility of a company investing in a new product line overseas or keeping it in the US, there are several important factors to consider. These factors can be grouped into two broad categories: qualitative and quantitative.
Qualitative factors are those that are difficult to measure numerically, but still provide valuable information about the feasibility of the investment. Some examples of qualitative factors to consider in this scenario might include:
The market potential for the product in the target country. This could include an analysis of the size and growth rate of the market, as well as any unique characteristics or trends that might affect demand for the product.The competitive landscape in the target country. This could include an analysis of the number and strength of competitors, as well as any unique challenges or opportunities presented by the local market.In addition to these qualitative factors, there are also several important quantitative factors to consider when analyzing the feasibility of the investment. Some examples of quantitative factors to consider might include:
The projected costs of operating in the target country. This could include an analysis of the costs of raw materials, labor, transportation, and other expenses, as well as any potential economies of scale or other cost savings.The projected revenues and profitability of the product in the target country. This could include an analysis of the projected demand for the product, as well as any potential pricing or other revenue-generating opportunities.Learn more about business feasibility:
https://brainly.com/question/14842003
#SPJ1
what will happen if you try to upload a feed in merchant center that does not have availability for each product
Answers
It will disapprove it if you try to upload a feed in merchant center that does not have availability for each product. Since availability is not an attribute in the product feed.
A merchant is a person who trades in commodities produced by different humans, in particular one that trades with foreign countries. traditionally, a service provider is every person who's involved in business or trade. merchants have operated for as long as industry, trade, and change have existed.
Merchant is a person who engages in purchase, sales, and trade of commodities for earnings. The merchant magnificence is the social sector made of traders.
Merchant Transaction way the purchase by means of a cardholder of goods or offerings from a merchant by means of use of a bank Card.
Learn more about merchant here : https://brainly.com/question/409163
#SPJ4
The US Supreme Court did what in Piscataway Board of Education v. Taxman, 521 U.S. 1117, 117 S.Ct. 2506 (1997)?
Answers
Answer:
The case was never heard in the United States Supreme Court.
Explanation:
The board of education of Piscataway High School, New Jersey desired to remove one teaching position from the Business Education department. A hindrance to this was the fact that the two teachers being considered had indefinite appointments, and were equal in seniority. According to the state law, tenured teachers can be relieved of their duties in reverse order of seniority. Either Sharon Taxman, a white teacher, or Debra Williams an African-American teacher were to be relieved of their positions.
Taxman was chosen because African-Americans were a minority. Taxman contested this in the court. The case was never heard at the U.S Supreme court because some civil rights group wanted the case to be settled out of court. The United States Court of Appeal ruled in favor of Taxman.
you tour a company and notice that employees all seem to have a common goal and understanding of procedures. what would be the contributing factor for this? responses action plan action plan strategies strategies organizational structure organizational structure safety manuel
Answers
As you visit a firm, you note that all of the staff appear to have a single goal or objective and a grasp of how things are done. The contributing factor for this might be proper action plan strategies.
The correct option is A.
Setting goals, agreeing on steps to accomplish those goals, and mobilising the resources required to carry out those activities are all parts of strategic planning. A strategic plan outlines the methods and resources that will be employed to accomplish those objectives.
Planning, legislation, neighbourhood norms, incentives, and educational options are examples of action strategies.
A detailed strategy that lays out the measures to follow in order to achieve one or more goals is known as an action plan.
To learn more about action plan strategies, refer
https://brainly.com/question/29986462
#SPJ4
Answer:
action plan
Explanation:
because the guy above said so and he has an expert verified answer
When employees receive compensation that is not cash, the compensation is referred to as _____.
Answers
When employees receive compensation that is not cash, the compensation is referred to as employee benefits.
What is an employee benefits?This refers to these various types of non-wage compensation provided to employees in addition to their normal wages or salaries.
The employee benefits is also illustrated in an instances where the employee exchanges wages for some other form of benefit that are known as "salary packaging, salary exchange arrangement etc.
Therefore, an employee benefits means the compensation receive by an employees which is not cash.
Read more about employee benefits
brainly.com/question/12143528
#SPJ4
he concept of ______ is probably the best single measure of an industry's impact.A. total outputB. total spendingC. aggregate market value of firms in industryD. value added
Answers
The concept of value added is probably the best single measure of an industry's impact. Therefore option D is correct.
What is Industry?An industry is a collection of businesses that are connected by their main lines of activity. There are several categories of industries in contemporary economies. Sectors are often used to combine together bigger groups of industry classifications.
Typically, a company's major income sources determine what industry it belongs to. For instance, even if a carmaker may have a financing segment that contributes 10% to the company's overall earnings, most categorization systems would place the business in the automaker category.
Industries are divisions of related enterprises based on the main product produced or sold. By doing this, industry groupings are successfully formed, which may later be utilized to separate enterprises from those that take part in other activities.
To learn more about the Industry follow the link.
https://brainly.com/question/28495859
#SPJ1
kfc india created the curry-cature in order to connect with the fairly westernized youth of today. this example shows the importance of _________ when designing your social media programs.
Answers
KFC India created the curry-cature in order to connect with the fairly westernized youth of today. this example shows the importance of syntax and morphology when designing your social media programs.
It's miles determined that morphology and syntax play great roles in studying comprehension, formation of English words, language gaining knowledge of, formation of phrases, clauses andsentences; clear and affective verbal exchange and Literature-in English.
Syntax is the look at of sentence structure, its relationship to which means, and theoretical models that account for the capability of audio system to generate an endless range of novel utterances.
Morphology is the take a look at of word shape and its dating both to condemn shape and to that means.
Learn more about syntax and morphology here : https://brainly.com/question/916814
#SPJ4
What scenario can lead to pest infestation?
Answers
"The presence of an extremely high number of insects or animals in a place, usually to inflict damage or disease," is what is meant by a pest infestation.
There are a number of factors that make pests drawn to your home, including: changes in season
The weather varies
shortages of water or food
habitat destruction
As more land is used for commercial and residential purposes, natural habitats are being lost in many places. Pests' essential needs—food, water, and shelter—are the same as ours, and our dwellings provide for these need fairly well. Therefore, your home may appear to be a favorable spot for a variety of household pests, such as ants, termites, roaches, rats, and others, when the weather changes, the water dries up, or food sources have been moved or destroyed.
learn more about pest here:
https://brainly.com/question/16984615
#SPJ4
When the desired shade is reached, the lightener should be removed with:
A. a towel
B. warm water
C. hot water
D. cool water
End papers used in wrapping should be:
A. wet with neutralizer
B. porous
C. non-porous
D. wet down as you work
Answers
When the desired shade is reached, the lightener should be removed with B. warm water.
End papers used in wrapping should be C. non-porous.
What is warm water and non-porous. ?Warm water will help to rinse away the lightener and any remaining product residue without damaging the hair or scalp.
Non-porous end papers are designed to prevent hair color or lightener from bleeding through and staining the surrounding hair, while also helping to keep the hair in place during the wrapping process. Porous end papers, on the other hand, may allow product to seep through and can create an uneven or patchy color result. The end papers should be dry and not wet with neutralizer or any other product.
Therefore the correct options are B,C.
Learn more about warm water here:https://brainly.com/question/3411046
#SPJ1
6. Responsible for the production of finished products:
O A. Manufacturer
B. Distributor
O C. Driver
O D. Seller
Answers
Answer:
The answer is A. Manufactuer
Explanation:
The manufacturer makes the item.
The manufacturer is responsible for the production of finished products. Thus, option A is appropriate.
A manufacturer is a person or business that turns raw materials into finished products using a variety of tools, machinery, and procedures, and then sells those products to customers, retailers, wholesalers, distributors, or other manufacturers who can use them to make more complicated products.
A manufacturer is an individual or organization that converts raw materials into finished goods and sells them to customers using a variety of tools, machinery, and procedures.
One of the most important economic sectors is manufacturing. It creates products that people require to survive and provides for their comfort.
Thus, option A is appropriate.
Learn more about the Manufacturer here:
https://brainly.com/question/33621434
#SPJ4
why do cellphone services providing firms often charge higher prices to pre paid than those on contract
Answers
Answer: Prepaid cost more because it has more perks than contract, it offers more to the customer's either in data or calls
Explanation:
Prepaid phone services are services that which requires you to pay an upfront for the plans you'll be using in either calling,browsing or texting
While contract has you to choose from monthly plans
Prepaid cost more because it has more perks than contract, it offers more to the customer's either in data or calls
help me help me help me
Grace has a part-time job which pays $3,329 for the year. During the year 19% is taken out for Federal Taxes. At the end of the year when taxes are calculated, Grace discovers that only 12% needed to be paid in taxes. How much of a refund will Grace receive?
Answers
Answer:
234.03
Explanation:
If you do the math and multiply both the percentages by 3329 and subtract them you’ll get the answer! To multiply you have to turn the percentages into decimals
refer to scenario: assets and liabilities of the banking system. if the reserve ratio is 5% and the banking system does not want to hold excess reserves, how much more can be added to the money supply?
Answers
$1 Million more can be added to the money supply.
Money multiplier = 1 / Reserve Ratio = 1 / 0.05 = 20
Reserve amount = 1,000,000 * 0.05 = $50,000
Excess Reserve = Reserves - Reserve amount = $100,000 - $50,000 = $50,000
Addition in money Supply = Money multiplier * Excess Reserve = 20 * 50,000 = $1,000,000
Reserve amount way a number of funds set apart or allocated to reserves that will be maintained in amounts deemed enough with the aid of the individuals for capital expenditures, contingent liabilities, working capital and to pay taxes, insurance, debt service, and other prices and expenses incident to the organization enterprise.
Reserves are the amount of money that banks keep in vaults, and they're a fraction of all deposits made. In maximum countries, banks are closely regulated and are required to hold a minimal percentage of all deposits, simply in case a person wants to withdraw a few cash.
Learn more about Reserve here: https://brainly.com/question/25843620
#SPJ4
at the time of the birth of a child, a parent wants to begin a college fund that will grow to $47000 by the child's 18th birthday. interest is compounded continuously at 6.5%. what should the initial investment (p0) be?
Answers
The annual interest rate earned by an investment account is expressed as the annual percentage rate (APR), which is also known as the nominal rate. When compounding happens more frequently than once a year, the term nominal is used.
What is investment ?
Investments are financial commitments made to acquire assets in the hopes that their value would rise over time. Investment necessitates the loss of a current resource, such as time, money, or effort.
In the world of finance, investing is done in order to profit from the asset being put to use. Unrealized capital appreciation (or depreciation), investment income like dividends, interest, or rental income, or a mix of capital gain and income this is known as an investment return may all be included in the return.
To know more about investments click on the link below:
https://brainly.com/question/25790997
#SPJ4
which of the following is a reason that social insurance programs exist? group of answer choicesto provide need-tested benefits to low-income individuals.to reduce involvement of the government in insurance markets.to compete with private insurance programs.to provide a base of economic security.
Answers
Hi! Social insurance programs exist primarily to provide a base of economic security. These programs are designed to protect individuals against certain financial risks, such as unemployment, illness, or retirement.
By offering a safety net, social insurance programs help stabilize the economy and ensure that people can maintain a basic standard of living even during difficult times. These programs are generally funded through mandatory contributions from employers and employees, ensuring that the financial burden is shared and allowing for a more equitable distribution of resources. While some social insurance programs may overlap with private insurance options, their main goal is to offer a foundation of support, rather than to directly compete with the private sector or to solely provide need-tested benefits to low-income individuals.
To know more about economic security visit :-
https://brainly.com/question/25601930
#SPJ11
What are some unethical practices of consumers?
Answers
Using a coupon for things you haven't bought, stealing modest consumer goods, and eating products in-store without paying for them are all examples of unethical consumer behavior.
What is ethical and unethical in business?Good and evil behavior is distinguished by ethics. Ethical and immoral are adjectives, thus they can be used in front of phrases like problems, behavior, practices, and so on. All of these are connected to how people behave or conduct their private lives. Morally corrupt behavior is what we call unethical.
Equity, rights, honesty, and the use of corporate power are the four categories into which ethical behavior in business can be separated. Business enterprises must balance their obligations to their customers, shareholders, employees, and the general public. Consequently, the discipline includes social, personal, business responsibility, loyalty, fairness, respect, trustworthiness, and technology ethics.
To learn more about ethical behavior, visit:
https://brainly.com/question/17326998
#SPJ4
at december 31, amy jo's appliances had account balances in accounts receivable of $330,000 and in allowance for uncollectible accounts of $1,120 (debit) before adjustment. an analysis of amy jo's december 31 accounts receivable suggests that the allowance for uncollectible accounts should be 3% of accounts receivable. bad debt expense for the year should be:
Answers
An analysis of amy jo's December 31 accounts receivable suggests that the allowance for uncollectible accounts should be 3% of accounts receivable. bad debt expense for the year should be $7,190.
Response Feedback: ($311,000 × 2%) + $970 = $7,190.
A debt fee is identified when a receivable is not collectible because a purchaser is not able to satisfy their responsibility to pay a superb debt because of financial ruin or different monetary problems. To document the awful debt costs, you have to debit awful debt fees and a credit allowance for dubious money owed. With the write-off method, there may be no contra-asset account to record bad debt costs. consequently, the complete stability in accounts receivable can be stated as a contemporary asset at the balance sheet. bad debt rate is a fee that a commercial enterprise incurs once the reimbursement of a credit score formerly extended to a consumer is predicted to be uncollectible. An allowance for dubious bills is a contra-asset account that reduces the entire receivables mentioned to reflect most effectively the amounts expected to be paid.
Learn more about bad debt expense here: https://brainly.com/question/18568784
#SPJ4
HELPPP!!!
Discounting items on your restaurant’s menu has a time and place but should be done as frequently as possible.
A. True
B. False
Answers
Explanation: It’s true because more frequency = more likely hood the variety will bring more customers
The coursework taken at a _____ is focused on specific career skills and trades and does not generally require further academic studies.
vocational school
private school
university
college
Answers
Answer:
Vocational school
Explanation:
Edge 2021
How important is money
Answers
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
What is one thing the government does as it enforces consumer-protection
regulations?
A. collects tariffs from foreign producers
B. tests products such as drugs and automobiles for safety
C. prevents cartels from engaging in price fixing or production
limitation
D. makes sure publicly-traded companies provide stockholders with
financial records
Answers
Answer: B: test products such as drugs and automobiles for safety
Explanation: âpex learning
Hint: the only information that you need from the first two paragraphs is in the last sentence of each. Japanese Motors, a major importer of foreign automobiles, has a subsidiary (Japanese Motor Credit Company, or JMCC) that finances dealer inventories, as well as retail installment purchases of the company's cars. With respect to the financing of retail purchases, JMCC currently employs a centralized billing and collection system. Once a customer's credit has been approved at one of the subsidiary's 50 local branch offices, the information is forwarded to JMCC headquarters (located in Los Angeles) and the customer is issued a book of payment coupons. Each month during the life of the installment contract, the customer mails a coupon stub along with the payment to the Los Angeles office. The average mailing, processing, and check-clearing time with the present collection system is 9 days. In an effort to reduce this collection time, JMCC is considering establishing a decentralized collection system. Under this system, customers would be instructed to mail their payments to the nearest local branch office, which would then deposit the checks in a local bank and report this information to JMCC headquarters in Los Angeles. As the checks clear in the local banks, funds would be sent each day to JMCC's central bank in Los Angeles. This decentralized collection system would reduce both mailing time and check-clearing time and reduce the average collection time to 6 days. JMCC's annual installment collections are $742,480,729 million. Implementation of the decentralized collection system is expected to reduce collection costs at the Los Angeles headquarters by $140,000 a year compared with the currently employed centralized collection system. However, branch office collection costs are expected to rise by $232,514 if the decentralized system is implemented. JMCC's Los Angeles bank currently requires the firm to maintain a $250,000 balance as compensation for depositing customer payments. Compensating balances at the 50 local banks that JMCC would employ with the decentralized collection system are expected to total $700,000. Any funds released under the decentralized collections system would be used to reduce the firm's debt, which currently carries an interest rate of 6.0 percent. Using this information, determine the annual net pretax benefits JMCC would realize by implementing a decentralized collection system. Assume that there are 365 days per year. Round your answer to the nearest dollar. Enter your answer in whole dollars. For example, an answer of $1.20 million should be entered as 1,200,000 not 1.20.
Previous question
Next question
Answers
Japanese Motors, a major importer of foreign automobiles, has a subsidiary (Japanese Motor Credit Company, or JMCC) that finances dealer inventories, as well as retail installment purchases of the company's cars. JMCC's present centralized billing and collection system takes an average of 9 days to process, mail, and clear checks.
With the aim of reducing the time for the collection system, the company is considering establishing a decentralized collection system. Customers will be instructed to mail their payments to the nearest local branch office, which will then deposit the checks in a local bank and report this information to JMCC headquarters in Los Angeles.
Funds will be sent each day to JMCC's central bank in Los Angeles as the checks clear in the local banks. The decentralized collection system will decrease the average collection time to 6 days.JMCC's annual installment collections are $742,480,729 million.
The implementation of the decentralized collection system is expected to reduce collection costs at the Los Angeles headquarters by $140,000 annually compared to the currently used centralized collection system. However, the branch office collection costs are expected to increase by $232,514 if the decentralized system is implemented.
The Los Angeles bank of JMCC currently requires the firm to maintain a $250,000 balance as compensation for depositing customer payments. The decentralized collections system compensating balances at the 50 local banks that JMCC will use are expected to total $700,000.
The funds released under the decentralized collections system will be utilized to reduce the company's debt, which currently carries a 6.0 percent interest rate.The annual net pretax benefits JMCC would realize by implementing a decentralized collection system can be determined as follows;The reduction in cost at the Los Angeles headquarters is:
Reduction in Cost = $140,000Thus, the net benefit of the company is:Net benefit = $140,000 - $232,514 - $700,000 = -$792,514The net benefit is negative, which means that the implementation of the decentralized collection system is not a good idea as it will increase costs.
To know more about subsidiary here
https://brainly.com/question/31367468?
#SPJ11
Northeast Hospital’s Radiology Department is considering replacing an old inefficient X-ray machine with a state-of-the-art digital X-ray machine. The new machine would provide higher quality X-rays in less time and at a lower cost per X-ray. It would also require less power and would use a color laser printer to produce easily readable X-ray images. Instead of investing the funds in the new X-ray machine, the Laboratory Department is lobbying the hospital’s management to buy a new DNA analyzer.
Required:
Classify each item as a differential cost, a sunk cost, or an opportunity cost in the decision to replace the old X-ray machine with a new machine. If none of the categories apply for a particular item, select "None".
Answers
The cost of the old X-ray machine is an example of sunk cost.
2. The salary of the head of the Radiology Department is not an example of any of the costs.
3. The salary of the head of the Laboratory Department is not an example of any of the costs.
4. The cost of the new color laser printer is an example of differential cost.
5. Rent on the space occupied by Radiology is not an example of any of the costs.
6. The cost of maintaining the old machine is an example of differential cost.
7. Benefits from a new DNA analyzer is an example of opportunity cost. 8. Cost of electricity to run the X-ray machines is an example of differential cost.
What is sunk cost, differential cost and opportunity cost?Opportunity cost of the next best option forgone when one alternative is chosen over other alternatives.
Sunk cost is a cost that has already been incurred and cannot be recovered. Sunk cost should not be considered when making future economic decisions.
Differential cost is the cost of two different alternatives.
Please find attached the complete question. To learn more about opportunity cost, please check: https://brainly.com/question/26315727
