When a positive externality exists the socially optimal level of output will be greater than that resulting from a private market.
The output level that takes into account all of the benefits and drawbacks of a transaction, or the equilibrium that would be reached if the results of the market took into account the impact of externalities.
"The ideal distribution of resources in society, taking into consideration all external costs and benefits as well as internal costs and advantages," is how economists define a "socially optimal solution."
The distribution that a charitable social planner chooses, limited solely by the endowment of resources, is the social optimum. In general, the social optimum will not be possible if the social planner's policy tools are constrained.
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Answer:
False
Explanation:
Internal controls are the measures and procedures that a business puts in place to protect its assets and to guarantee the accuracy of its accounting data. Internal controls ensure that the company's management and financial data comply with the relevant laws.
For accounting data to be accurate, all transactions relating to a particular financial year must be captured in the same year. Delays will be a misrepresentation of accounting information.
Distinguish communication reactions and responses. Activate Your Curiosity. Connect a Complaint to a Change Request. Request a Do-Over. Make the difficult conversation an investment in your relationship.
Relationship communication strategies Be specific about what you want to convey. Make your message clear so that your partner hears and understands it correctly. Discuss what is going on and how it affects you. Use 'I' statements such as 'I need,' 'I want,' and 'I feel' to express what you want, need, and feel. Trust, respect, self-awareness, inclusion, and open communication are all required for a healthy work relationship. Let's take a closer look at each of these characteristics.
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Answer:
A: $0
Explanation:
Holder in due course describes a person who has accepted a negotiable certificate in good faith.
It is one of the requirements by law for a holder in due course that it must not be aware of any defaults.
Since Happy Collection Agency knew about the default, it has no claim over the note.
Answer:
b. $14,200
Explanation:
The computation of the bad debt expense is shown below:
= Balance in the Allowance for Doubtful Accounts - wrote off accounts + written off - estimated amount
= $20,000 - $14,400 + $4,200 - $24,000
= $14,200
The computation of the estimated amount is calculated below:
= Ending balance of accounts receivable × uncollectible percentage
= $480,000 × 5%
= $24,000