An entrepreneur gathers the following information to make a decision on whether to stay open for business or to shut down permanently:
Future operating revenues = $18 million
Future operating costs = $14 million
Sunk costs = $8 million
The entrepreneur should:
A. shut down because the sunk costs are greater than zero.
B. continue to operate because the operating revenues exceed the operating costs.
C. continue to operate to help pay off the sunk costs.
D. shut down because the operating revenues are insufficient to cover the operating costs and sunk costs.
Answers: 1
Business, 22.06.2019 12:30, bella51032
True or false entrepreneurs try to meet the needs of the marketplace by supplying a service or product
Answers: 1
Business, 22.06.2019 14:20, clairajogriggsk
Your uncle borrows $53,000 from the bank at 11 percent interest over the nine-year life of the loan. use appendix d for an approximate answer but calculate your final answer using the formula and financial calculator methods. what equal annual payments must be made to discharge the loan, plus pay the bank its required rate of interest
Answers: 1
Business, 22.06.2019 16:00, knownperson233
In macroeconomics, to study the aggregate means to study blank
Answers: 1
An entrepreneur gathers the following information to make a decision on whether to stay open for bus...
Mathematics, 06.03.2021 14:00
Mathematics, 06.03.2021 14:00
Social Studies, 06.03.2021 14:00
Mathematics, 06.03.2021 14:00
Social Studies, 06.03.2021 14:00
Mathematics, 06.03.2021 14:00