Answer:
supply curve for paper would shift to the left.
Explanation:
Negative externality is when the cost of either production or consumption activities to third parties not involved in the activities exceeds its benefit.
If the governmental makes the firm internalize the externality, the cost of production would increase.
If the cost of production increases, the firm would reduce supply in order to reduce costs.
A reduction in supply leads to a leftward shift of the supply curve.
I hope my answer helps you
Answer:
Expenses ; revenues ; adjusting
Explanation:
According to the expense recognition or matching principle, the expenses that are incurred in a particular period should be matched with the revenues that are earned in that particular period.
This principle major part is of the adjustments so that the adjustment entries are passed so that the financial statements represents the true and fair view to the users of the accounting information
Answer:
$7.2 million
Explanation:
Calculation for the amount of warranty expense on Angel's 2016 income statement
Using this formula
Warranty expense =Net sales ×Expected percentage of net sales
Let plug in the formula
Warranty expense=$180 million×4%
Warranty expense=$7.2 million
Therefore the amount of warranty expense on Angel's 2016 income statement will be $7.2 million
Answer:
$59,600
Explanation:
Calculation for the absorption costing net operating income last year
Using this formula
Absorption costing net operating income last year=Variable costing net operating income last year -fixed manufacturing overhead costs last year
Let plug in the formula
Absorption costing net operating income last year=$95,000-$35,400
Absorption costing net operating income last year=$59,600
Therefore the absorption costing net operating income last year was $59,600
Answer:
tell how you feel. ignore it. under the table discipline
