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2 years ago

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1 answer:

5 0

Based on the explanation below, the economic concept that is applied in this statement is positive externality.

<h3>Meaning of positive externality</h3>

Positive externality can be described as a situation whereby the production or consumption of a commodity benefits some unrelated third party.

When education is consumed, for example, the consumer receives a private benefit, but there are also societal benefits.

Learn more about externalities here: brainly.com/question/14259859.

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You might be interested in

how can the size of the industrial/service sector and the agriculture employment rate indicate the level of industrialization?

Aleksandr-060686 [28]

Answer:

A larger industrial and service sector, and a larger number of people working outside of agriculture, can indicate a higher level of industrialization in the economy and vice versa. This means that the size of industrial service and the sector of agriculture employment rate indicates the level of industrialization because if the agriculture employment is higher than the industrial service it means that the country is not fully developed yet and therefore the level of industrialization is lower. But if the industrial service is higher than the agriculture employment that suggests or indicates that the country is developing or developed. For example in the United States the size of the industrial/service sector is much larger than it's agricultural employment and therefore this should suggest that country is much more industrialized or developed and the United States is. In comparison you take a developing country such as Chad and you can see that the agricultural employment is higher than the size of the industrial/service sector and in relation to this you can see that Chad must have a lower level of industrialization and in fact it does.

Explanation:

4 0

3 years ago

The Sanding Department of Quik Furniture Company has the following production and manufacturing cost data for March 2020, the fi

Mekhanik [1.2K]

Answer:

Cost of goods transferred out $71,061.012

Value of closing inventory = $17,540.98

Explanation:

Cost per equivalent unit = Cost /total equivalent unit

<em>Material </em>

Equivalent unit = (100%×6,240) +( 100%× 3,000) = 9240

Cost per equivalent unit = $36,960/9,240 units= 4

<em>Labour</em>

Equivalent unit = (100%×6,240) + ( 25%× 3,000)= 6990 units

Cost per equivalent unit = ( 21,400 + 30,242)/6990 = 7.387982833

Cost of goods transferred out= (6,240× 4) + (7.38×6,240)=71,061.012

Value of closing inventory = (3,000× 4) + (7.38× 25%*3000)= 17,540.98

Cost of goods transferred out $71,061.012

Value of closing inventory = $17,540.98

8 0

2 years ago

Hannah allowed her friend Carol to borrow her laptop computer for a week during Thanksgiving Break. During that time Carol, with

prohojiy [21]

Answer:

Yes, these facts are valid against Hannah which comes under Ratification Doctrine.

Explanation:

Here in the question its given that Hannah had allowed her friend to lend her computer for a one week period which was during her thanks giving break.

During those times Carol sold that laptop to a friend which was one of them in their class without asking hannah about this.

Now when after the break hannah and carol both return then carol told her that she had sold her laptop because she was getting an amount from the buyer which was too good to pass up so shesold it that moment.

Now when she gave that money to Hannah she instead of scolding her thanked her and her expression was seeming to be like she had done an awsome job for her.

So, based on the facts the contract was valid because it came under Ratification Doctrine.

6 0

3 years ago

Chow Publications Inc. is a publicly traded media company focused on products for the home chef market. The company publishes a

DochEvi [55]

Answer:

A. $575,415.67

Dr Cash $575,415.67

Cr Revenue from sales $575,415.67

Explanation:

Chow Publications Inc

Revenue recognition it stated that a five step model is been developed to help recognized the revenue from sale of goods and service to customer which is why revenue should be recognized by

1. Identify the contract with customer in which both the seller and buyer are agreed for the contract and must know their rights and obligation in the contracts.

2. Obligation of performance in contract : In above contract the seller know that he has to deliver the content of magazine and the buyer as well know the price for such goods.

The $ 115,000 subscription received are:

$80,500 for paper form and $34500 for digital form and $25,000 copied are been sold out at news stands.

3. Determine the transaction price in which $50 is for the paper copy and $40 is for the digital copy and $ 5 is for copy which is sold at news Stands.

4. Allocation of transaction price to performance obligation will be by calculating the revenue from the transaction and by applying the rate of performance obligation which is why the Total revenue was $ 575,416.67.

5. Recognizing the revenue in the books occured in a situation where the risk and rewards which relate to the ownership of the goods has been passed which led to the customer been satisfied which inturn means that there is no uncertainty regarding the creation of performance obligation on buyer.

Chow Publications Inc

Total Revenue

Online subscription

Paper form $335,415.67

Online form $115,000.00

$450,415.67

Add Copy at News Stand $125,000

Total $575,415.67

B. Journal entry

Dr Cash $575,415.67

Cr Revenue from sales $575,415.67

Monthly share in Annual Revenue

Annual rate Monthly rate

Paper form $50 4.17

Digital rate $40 3.33

Distribution of subscription total received $115,000

Paper rate 70% ×$115,000

= $80,500

Digital rate 30% ×115,000

= $34,500

4 0

2 years ago

On the crossover chart where the costs of two or more location alternatives have been plotted, the quantity at which two cost cu

Alona [7]

Answer:

E. Total costs are equal for two alternative locations.

4 0

3 years ago