Reference: 09-02 Tolar Company Has 400 Obsolete Desk Calculators That Are Carried

question 8

Multiple Choice

Reference: 09-02
Tolar Company has 400 obsolete desk calculators that are carried in inventory at a total cost of $26,800. If these calculators are upgraded at a total cost of $10,000, they can be sold for a total of $30,000. As an alternative, the calculators can be sold in their present condition for $11,200.
-The sunk cost in this situation is?

• A)$26,800.
• B)$0.
• C)$11,200.
• D)$10,000.

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Definitions:

Deliberate System

A cognitive process involving careful thought, reasoning, and planning, typically contrasted with automatic or impulsive responses.

Attitude Accessibility

The ease with which an attitude can be retrieved from memory, often influencing the speed and strength of evaluative responses.

Belief Perseverance

The phenomenon where people maintain their convictions even after the evidence on which those beliefs were based has been refuted.

Traumatic Events

Incidents that cause psychological, physical, or emotional harm or distress, often leading to long-term effects on the individual's well-being.