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2 years ago

Market failure describes a situation in which the market itself ________ in a way that balances social costs and benefits.

1 answer:

8 0

A situation known as a "market failure" occurs when the market itself is unable to efficiently distribute resources in a way that balances social costs and benefits.

Market failure refers to a situation where there is an inefficient allocation of products and services on the open market. The individual incentives for rational behavior do not result in rational outcomes for the collective in a market failure.

In other words, each person chooses what is best for themselves, but those choices end up being bad for the collective. This can occasionally be demonstrated in conventional microeconomics as a steady-state disequilibrium condition.

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The Devon Motor Company produces automobiles. On April 1st the company had no beginning inventories and it purchased 7,390 batte

Sever21 [200]

Answer:

1. a. Raw Materials

Materials left in storeroom

= (7,390 - 6,800) * $145

= $‭85,550‬

b. Work in Process

90% were completed so 10% was left. 100 batteries were removed from the 6,800 batteries.

= 10% * (6,700 * 145)

= $‭97,150‬

c. Finished goods

Unsold goods are 30%.

= 6,700 * 90% * 30% * 145

= $‭262,305‬

d. Cost of goods sold

Sold goods were therefore 70%

= 6,700 * 90% * 70% * 145

= $‭612,045‬

e. Selling expense

= 100 batteries used in sales staff cars * 145

= $14,500

Raw materials - Balance Sheet

Work in process - Balance Sheet

Finished goods - Balance Sheet

Cost of goods sold - Income statement

Selling expanse - Income statement

8 0

3 years ago

Merle Corporation applies manufacturing overhead to products on the basis of standard machine-hours. For the most recent month,

bixtya [17]

Answer: $721 Unfavorable

Explanation:

The following can be deduced from the question:

Actual hours = 3690 hours

Standard hours = 3620 hours

Standard rate per hour = ($14000 + $27200) / 4000

= $41200 / 4000

= $10.30 per hour

Therefore, the overall variable overhead efficiency variance for the month is calculated as:

= (Actual Hours - Standard Hours) × Standard rate per hour

= (3690 - 3620) × $10.30

= 70 × $10.30

= $721 Unfavorable

3 0

3 years ago

Your boss has purchased a new laptop for business use and has asked you to make sure the data he plans to store on the laptop is

wlad13 [49]

Answer:

A. Use BitLocker Encryption with the TPM chip

B. Secure Boot option

Explanation:

Trusted Platform Module or TPM chip is a tool used to produce reliable and unusual cryptographic codes and save them in an encrypted form to be utilized to validate hardware accessories. The cryptographic systems are encrypted and can be decrypted only by the TPM chip, which designed and encrypted them. <em>BitLocker</em> software uses a TPM chip to control the encryption of the computer data. Since the key saved in the TPM is distinctive, the BitLocker software can quickly verify the encrypted TPM and do not pass the decryption to another computer.

The method of Secure Boot is where the Operating System boot pictures and code are verified against the hardware before they are authorized to be used in the actual boot process.

If my boss uses both the encryption and secure boot, the data will become secure.

4 0

3 years ago

Kansas Enterprises purchased equipment for $60,000 on January 1, 2021. The equipment is expected to have a five-year service lif

Yuki888 [10]

Answer:

$11000

Explanation:

Depreciation is the reduction in the value of an asset over time due to regular wear and tear. Straight - line depreciation is where the same amount is reduced every year over the life of the asset. It is calculated as (Cost of asset - residual value) / number of useful life years

= ($60000 - $5000) / 5 = $11000

3 0

4 years ago

You are in talks to settle a potential lawsuit. The defendant has offered to make annual payments of $35,000, $39,000, $80,000,

storchak [24]

Answer:

The value of the settlement today = $231,897.79

Explanation:

The value of the settlement today is the sum of the present value (PV) of cash inflows discounted at the discount rate of 5.7 %.

Year PV

1 35,000 × 1.057^(-1) = 33112.58

2 39,000× 1.057^(-2) = 34907.16

3. 80,000× 1.057^(-3) = 67743.09

4 120,000 × 1.057^(-4) =96134.94

The Pv of the total cash in flow =33,112.58 + 34,907.17 + 67,743.09 + 96,134.95 = 231,897.79

The value of the settlement today = $231,897.79

7 0

3 years ago