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QUESTION 12 Alicia makes and sells arrows. Here is her cost and revenue information when she made and sold 1,000 arrows: Units sold 1,000
QUESTION 12 Alicia makes and sells arrows. Here is her cost and revenue information when she made and sold 1,000 arrows: Units sold 1,000 Sales revenue $21,000 Cost of goods sold $9,000 Selling expense $3,000 Administrative expense $2,000 What is her total profit? QUESTION 13 Suppose I buy a new car for $30,000. I then accidentally drive it in a destruction derby (a race where your car basically gets destroyed). I win $1,000 in the race, but my car is completely totaled. I can either fix my broken car for $8,000 or sell it for $3,000. What is my sunk cost?
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