All costs that are incurred between the split-off point and the point of sale are known as
a. sunk costs.
b. incremental separate costs.
c. joint cost.
d. committed costs.
B
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An investor is considering the purchase of 20 acres of land. An analysis indicates that if the land is used for cattle grazing, it will produce a cash flow of $1,000 per year indefinitely
If the investor requires a return of 10% on investments of this type, what is the most he or she should be willing to pay for the land? A) $1,000 B) $10,000 C) $100,000 D) $150,000 E) $1,000,000
The column lot: A) Is the airspace from the surface up to 23 feet
B) Is the airspace above 23 feet above the surface. C) Cannot be transferred. D) None of the above
All of the following are true about qualitative forecasting methods except
a. They generally involve the use of expert judgment to develop forecasts. b. They assume the pattern of the past will continue into the future. c. They are appropriate when past data on the variable being forecast are not applicable. d. They are appropriate when past data on the variable being forecast are not available.
The reduction in marginal tax rates will:
a. increase the excess burden of tax preferences. b. increase tax expenditures. c. decrease the excess burden of tax preferences. d. have no effect of tax expenditures.