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3 years ago

In which of the case below is there the potential for a free-rider problem?

1 answer:

5 0

The possible problem of a free-rider befalls when those who avail of resources, well-founded, or services do not pay for them, which leads to an underprovision of those goods or services. For example, a free-rider may often ask for accessible parking lots from the ones who have already paid for them, in order benefit from free parking.

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Waterway Company uses a periodic inventory system. For April, when the company sold 450 units, the following information is avai

GalinKa [24]

Answer:

Ending inventory is $20,390

Cost of goods sold = $14,190

Explanation:

Given:

Unit sold in April = 450

Beginning inventory = 260 units × $29 = $7,540

Purchased on April 15 = 360 units × $35 = $12,600

Now goods sold is 450 units. Since company follows FIFO, it will sell 260 units @ $29 first and then 450 - 260 = 190 units from goods purchased on April 15.

Cost of goods sold = 7,540 + (190×35)

= $14,190

Closing inventory:

April 15 purchase = 35×(360 - 190)

= $5,950

April 23 purchase = 380×$38 = $14,440

Total closing inventory = 14,440 + 5,950 = $20,390

Cost of goods sold can be verified in the following manner:

Total cost of goods available for sale = $34,580

Ending inventory = $20,390

Cost of goods sold = 34,580 - 20390

= $141,90

6 0

3 years ago

In your own words define the term accounting and its usage.

Drupady [299]

Answer:

<h3>Accounting is the process of recording financial transactions pertaining to a business. The accounting process includes summarizing, analyzing and reporting these transactions to oversight agencies, regulators and tax collection entities. The financial statements used in accounting are a concise summary of financial transactions over an accounting period, summarizing a company's operations, financial position and cash flows. </h3><h3 />

3 0

2 years ago

Suppose Charlene Brewster has timesâ (in seconds) of 8.5â, 8.5â, 8.3â, 8.6â, 8.7â, 8.4 and a performance rating of 85â%.

professor190 [17]

Answer:

1. 10s

2. Slower than normal

Explanation:

1. To calculate the normal time, we first take the average of Charlene's observed times:

Average of Charlene's observed time = $\frac{(8.5+8.5+8.3+8.6+8.7+8.4)}{6}$ = 8.5s

Her normal time is therefore: $\frac{Average of Charlene's observed time}{performance rating}$ = $\frac{8.5}{0.85}$ = 10s

2. Since no of Charlene's observed time is higher than normal time of 10s, we can therefore conclude that her work perfomance should be rated as slower than normal.

7 0

3 years ago

In the late 1930s management at Atalanta Industries agreed to hire only those workers who were already members of the Electrical

earnstyle [38]

Answer: closed shop

Explanation:

From the question, we are informed that in the late 1930s management at Atalanta Industries agreed to hire only those workers who were already members of the Electrical Union.

It should be noted that here, Atlanta agreed to a type of arrangement known as closed shop. This occurs when the workers have to belong to a particular union before they'll be employed. This was legal in 1930 but it was later declared illegal by Taft Hartley Act.

7 0

3 years ago

A list of n items is arranged in random order; to ﬁnd a requested item, they are searched sequentially until the desired item is

kompoz [17]

<span>n/2 = average number of items to search. Or more precisely (n+1)/2 I could just assert that the answer is n/2, but instead I'll prove it. Since each item has the same probability of being searched for, I'll simulate performing n searches on a list of n items and then calculate the average length of the searches. So I'll have 1 search with a length of 1, another search looks at 2, next search is 3, and so forth and so on until I have the nth search looking at n items. The total number of items looked at for those n searches will be: 1 + 2 + 3 + 4 + ... + n Now if you want to find the sum of numbers from 1 to n, the formula turns out to be n(n+1)/2 And of course, the average will be that sum divided by n. So we have (n(n+1)/2)/n = (n+1)/2 = n/2 + 1/2 Most people will ignore that constant figure of 1/2 and simply say that if you're doing a linear search of an unsorted list, on average, you'll have to look at half of the list.</span>

6 0

3 years ago