Remaining Time: 2 hours, 13 minutes, 56 seconds. Question Completion Status: QUE

Question

Remaining Time: 2 hours, 13 minutes, 56 seconds. Question Completion Status: QUESTION 29 3 points Save Answer 500 last week fixing the transmission in your car Now, the brakes are acting up and you are trying to You spent decide whether to fix them or trade the car in for a newer model In analyzing the brake situation, the $500 you spent fixing the transmission is a(n) cost. a. opportunity e b.fixed O c. incremental d sunk e e. incidental QUESTION 30 3 points Save Answer It is important to identify and use only incremental cash flows in capital investment decisions O a. Only when the stand-alone principal fails to hold

Explanation / Answer

Answer : Sunk cost.

Sunk cost is a cost that is already incurred and cannot be recovered. fixing a transmission in a car during a last week , that cost is not recovered.

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