Answer: The answer is b. The benefit of the music to Ty must exceed the cost of the noise to Olivia.
Explanation: According to the Coase Theorem, as long as Ty values his stereo system Olivia will still not get the benefit of the doubt to get her sleep. So Ty has to pay her enough that it would benefit himself and his neighbor Olivia.
P.S A brainiest would be really helpful in showing your appreciation.
Answer:
The new income will be higher by $22,800.
Explanation:
The net income is the actual earnings of the business which is determined from the profit or loss statement by deducting all the expenses from the revenues earned.
The effect of the adjusting entries on the net income will be as follows:
1) Insurance expense will be of $8,000. It is charged for the period of three months only. This will decrease the net income.
2) Interest revenue will be of $1,200. It is charged for 6months. This will increase the net income.
3) The depreciation expense of $16,000. This will decrease the net income.
Therefore for the overall effect on the net income, if there will be no effect of the above adjustments then it will show net income by higher amount then the actual net income, by $22,800.
Answer:
Explanation:
On July 1, 2019, Cullumber Company pays $12,000 to Kalter Insurance Co. for a 3-year insurance contract.
For Cullumber Company:
July 1 Debit:Prepaid Insur $12000
Credit: Bank. $12,000
Being payment for prepaid Insurance.
Dec 31. Credit:prepaid insur $2,000
Debit:Insurance exp $2,000
Being insurance expenses for the year.
For Blossom Company:
July 1 Credit:Unearned Revenue $12000
Debit: Bank. $12,000
Being unearned revenue on Insurance.
Dec 31. Debit:unearned revenue $2,000
Credit: Revenue $2,000
Being insurance revenue for the year.
It does not necessarily count as public good because a camp ground is not a good method of showing importance of the national park as the park is open to the public and should be respected in any means possible as they are open to the public and having it as a campground is not a way of showing its importance.
Economy. And it may be good on the environment, but economy is what best fits this question.
