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3 years ago

What problem exists when people who can’t be excluded from using a good choose not to pay for it?.

1 answer:

3 0

The type of problem that exists when people who can’t be excluded from using a good (product) choose not to pay for it is called a free-rider problem.

<h3>What is a free-rider problem?</h3>

A free-rider problem can be defined as a type of market failure and burden that typically occurs when people who benefit from public goods or shared resources refuse to pay for them.

This ultimately implies that, a free-rider problem is the type of problem that exists when people who can’t be excluded from using a good (product) choose not to pay for it.

Read more on products here: brainly.com/question/14446515

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Jimmy wants to have $1,000,000 in 20 years bank pays 5% what should his first deposit be

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5.00 in intrest
will be the answer

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3 years ago

Holiday Company issued its 9%, 25-year mortgage bonds in the principal amount of $3,000,000 on January 2, 2006, at a discount of

elixir [45]

Answer:

A. December 18, 2020

Dr Cash 4,080,000

Cr 11% Bond payable (Face value) 4,000,000

Cr Premium on issue of Bond payable 80,000

January 2, 2021

Dr 9% Bonds Payable ( Face value) 3,000,000

Dr Loss on redemption of Bond 180,000

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B. The LOSS is reported as an ORDINARY INCOME

Explanation:

A. Preparation of Journal entries

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Dr Cash 4,080,000

($4,000,000/100)*102

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Cr Premium on issue of Bond payable 80,000

(4,080,000-4,000,000)

January 2, 2021

Dr 9% Bonds Payable ( Face value) 3,000,000

Dr Loss on redemption of Bond 180,000

[3,00,0000-(3,120,000+60,000)]

Cr Discount on Bond payable 60,000

($150,000/25)*10

Cr Cash 3,120,000

(3,000,000*104%)

B. Indication of the income statement treatment of the gain or loss from redemption.

The LOSS is reported as an ORDINARY INCOME

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3 years ago

Last month Peggy Company had a $42,028 profit on sales of $331,200. Fixed costs are $83,828 a month. What sales revenue is neede

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Answer:

Break-even Sales revenue =$220,600

Explanation:

Breakeven point is the level of activity that equates the total cost to the total revenue.

At the break-even point the business makes no profit and no loss.

Break-even point = Total fixed cost for the period / Contribution margin ratio

Contribution margin = total contribution/ total sales

Contribution = Fixed cost + profit

Contribution = $42,028 + $83,828

= $125,856.00

Contribution to sales ratio

= (125,856.00 /331, 200) × 100

= 38%

Break-even sales revenue = $83,828/0.38

=$220,600

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4 years ago

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The question that can be answered using only raw data is C. What is the date, amount sold, and customer number for a sale transaction?

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3 years ago

Mitchell hires christina to go from florida to new york and negotiate a contract for his company. he gives her specific instruct

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It is most likely under the principal's duty of reimbursement
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