Goods where, by nature or design, exclusion is impractical or impossible, but use or enjoyment can potentially exhaust the good are called common-pool goods/resources.
Some examples of common-pool resources are forests, rivers, fishing areas (manmade or nature made). Common-pool goods refers to goods that are available to a group of people and not just an individual.
Answer:
$38,400
Explanation:
Calculation to determine what will be the balance in the allowance for doubtful accounts after the year-end adjustment to record bad debt expense
Using this formula
Balance in the Allowance account adjustment = outstanding accounts receivable *Estimated uncollectible percentage
Let plug in the formula
Balance in the Allowance account adjustment= $1.28 million account receivables x 3%
Balance in the Allowance account adjustment= $38,400
Therefore what will be the balance in the allowance for doubtful accounts after the year-end adjustment to record bad debt expense is $38,400
Answer:
The correct answer is option A.
Explanation:
A hurricane that hit Florida has destroyed homes. The rebuilding process will take weeks and months. The price of building materials has increased as well. This increase in price is because of increased demand for building materials.
The demand curve for building materials has moved to the right. This has led to an increase in the price of building materials. The firms are taking advantage of this increase in demand by raising the price by over 100 percent.
Answer: To reduce the employer's health insurance premiums.
Explanation:
A health insurance premium is an amount paid by an individual to an insurance company to get insurance covering in the area of health. An employer doesn't monitor his/her workers because they seek to reduce their health insurance premium.
Answer:
B.
Explanation:
When the reasons are confidential, excessively complicated, or ir-relevant to the reader.
