Answer:
a. decrease in a liability account
Explanation:
A debit account records the expenses, losses and the assets account whereas the credit account records the revenues, gains, and the liabilities & stockholder equity
The liabilities have a credit balance. If there is a decrease in a liability account the balance of liabilities account would be shown on the debit side
Therefore, the correct option is a.
Answer:
the social cost of production exceeds the private cost of production.
Explanation:
The cost of natural resources for which the firms are not required to pay, for example, river, lake, atmosphere, etc. The use of public utility services such as roadways, drainage systems, etc. The cost of 'disutility' created through pollution (air, water, noise, environment).
When two knowledgeable people acting independently each produce the same info, this info is said to be true because they could have possibly thought about it together.
Answer:
B) Mountaintop and Niles
Explanation:
Both Mountaintop Clearview Corporation and Niles are responsible for the illegal waste disposal.
When a company's employee is involved in an illegal activity or an accident while performing job related duties, both the employee and the company are responsible for the possible damages.
In this case Niles can be subject to criminal charges and Mountaintop to civil charges.
Answer:
(A) Yes. The increased time spent commuting to your new job is a cost that will incur if you accept the offer. The additional time devoted to the new job, or equivalently utilized that time somewhere else and get a benefit is an opportunity cost of accepting the new job.
(B) Yes. If you accept the new job offer then the money income or salary you were earned from the old job is foregone. Therefore, the $45,000 salary from your old job is an opportunity cost of accepting the new job.
(C) No. It is a benefit received from the new job. Hence, it is not an opportunity cost.
