<span>Inability to influence the customer and other buyers of the commodity in the market is called as market failure. So when markets fail, public policy can potentially remedy the problem and increase economic efficiency. market failure can occur due to some external factors like government regulating the course of product by its laws.</span>
Answer: Access to specific skills
Explanation: The benefit of outsourcing that the company is getting in the given example is that the company could get access to experts in the particular jobs that are important for a project.
By outsourcing certain jobs, expert knowledge can be used to operate business with the additional benefit of hundred percent focus.
Answer:
Account Debit Credit
Work in process $73,300
($78,000-$4,700)
Manufacturing overhead $4,700
Raw material $78,000
Option D is correct($78,000)
Explanation:
Journal Entries:
They help to keep track of transactions as debited and credited. It helps to manage accounts and shows all the details of transactions.
Since total of $78,000 raw materials were requisitioned from the storeroom for use production. So it is credited as Raw material n journal. Indirect material is $4,700 acts as manufacturing overhead in journal as debit and remaining will be work in process (($78,000-$4,700)) as debit.
Journal entries to record these events:
Account Debit Credit
Work in process $73,300
($78,000-$4,700)
Manufacturing overhead $4,700
Raw material $78,000
Part B:
Option D is correct($78,000)
The credits to the Raw Materials account for the month of November total is $78,000.
Answer:
b. $8.3 million
Explanation:
A 2013 court verdict then ordered DePuy to pay plaintiffs <u>$8.3 million</u> in damages.
A Los Angeles´s court have ordered Johnson & Johnson´s DePuy orthopedic department to pay more than $338000 for medical cost and $8 million for pain and suffering to plaintiff Loren Kransky. As the company has recalled artificial metal hips which was found defective but DePuy did not took any action against fraud or malice. No punitive damage will be paid to the victim.
Answer:
$4,000,000
Explanation:
The computation of the present value of the project is shown below:
Since it is given that for four shipyards and it is signed
Therefore,
Total revenue = $500,000 × 4 = $2,000,000
And we assume
Cost of operations and other costs is
= 50% of revenue
= $1,000,000
Now
Net revenue is
= $2,000,000 - $1,000,000
= $1,000,000
So, the present value of the project is
= Present Value of net revenues - Initial cost
= ($1,000,000 ÷ 0.20) - $1,000,000
= $4,000,000