Answer:
Social Benefit / Positive Externality
Explanation:
Each economic transaction has benefits & costs to society.
Eg: Vaccinations purchase by patients- benefits patients by preventing them from a disease for which they pays monetary cost to the doctor, which is latter's income benefit.
However, these both are patient's & doctor's private benefit & costs.
Externalities imply extra harm or benefit to other un-indulged parties, without any monetary exchange for that harm or benefit. Socially Beneficial are positive externalities, Socially harming are negative externalities.
Eg - In this case, vaccination is the positive externality : It has extra benefit for other people who are less probable to transmitting illness, without having paid for that prevention in any way.
But, Individual consumers (here patients) & producers (here doctors) decisions are based on their private benefit & cost. So, consumers' (here patients') willingness to pay will depend only on their private benefit of disease prevention & ignore the extra social benefit from the positive externality vaccination - as society less illness probability.
<span>I believe the answer for you question would be life-cycle</span>
Answer:
The Correct answer is "liability of foreignness"
Explanation:
Walmart didn't redo its methodologies for Germany and kept it same as that what it practiced in America. This came about into the social contrasts that forestalled Walmart from growing in Germany. In addition, the Company likewise acquired greater expenses in the field of coordination since it was new to the locale. Hence, together these elements called for greater expenses that were exposed to the liability of foreignness.
Answer:
Dec 31 2016 Interest expense 2640 Dr
Interest payable 2640 Cr
Explanation:
the adjusting entry is made at the end of the period which is 31 December 2016 here. The notes pays interest at 8% per annum. So, the total interest due for one year on note payable is,
Interest = 44000 * 0.08 = 3520
Out of this amount of interest payable, 9 month's interest related to period from April to December. So, at 31 December, we will recognie 9 month's interest as interest expense 3520 * 9/12 = 2640. And debit interest expense account by this figure. As the interest is not paid today, we will credit interest payable.
It is a false statement that a financial accounting focuses on the needs of external users who get accounting information from general-purpose financial statements.
<h3>Who are
external users of financial accounting?</h3>
An investors is the most common external users of financial statements because they make and assess their investment decisions by using relevant financial information in a company's financial statements
But external users of financial accounting such as shareholders, boards also uses the financial accounting, therefore, It is a false statement that a financial accounting focuses on the needs of external users who get accounting information from general-purpose financial statements.
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