A cost is sunk if it
a. is not an incremental cost.
b. is unavoidable.
c. has already been incurred.
d. is irrelevant to the decision at hand.
C
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Answer the following statements true (T) or false (F)
Under current requirements, the weak disclosures of non-capitalized leases create incentives to structure leases in such a way as to avoid both capitalization and supplemental disclosure.
Jolly Roger Kite Company has a payment cycle of 17 days, a collection cycle of 31 days, and a production cycle of 12 days. What is the average cash conversion cycle for the Jolly Roger Company?
A) 2 days B) 36 days C) 26 days D) 60 days
The Securities Exchange Commission creates A) case precedent
B) statutory law. C) Constitutional law. D) administrative regulations.
Many research studies suggest that strategic planning influences a venture's survival
Indicate whether the statement is true or false