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4 years ago

If a good is both excludable and nonrival in consumption, then it is

1 answer:

6 0

If a good is both excludable and nonrival in consumption then it is A CLUB GOOD. A good is excludable when there is restricted access to it. A good is nonrival in consumption when the consumption by one customer does not reduce the amount of that good that can be consumed by another customer. A club good is one that have high quantity available but is meant for certain group of people only, not for everybody.

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May 31, Novac Corp. Has net sales of $415,000 in cost of goods available for sale of $286,000 compute the estimated cost of the

BabaBlast [244]

Answer:

$24,550

Explanation:

Computation for the estimated cost of the ending inventory

Net Sales = $415,000

Gross Profit rate= 37%

Cost of goods Sold = 100%- 37% = 63%

Cost of Goods Sold =$415,000*63% = $261,450

Cost of Goods Available for sale = $286,000

Using this formula

Estimated Cost of Ending Inventory= Cost of goods available for sale - Cost of Goods Sold

Let plug in the formula

Estimated Cost of Ending Inventory = $286,000-$261,450

Estimated Cost of Ending Inventory = $24,550

Therefore the estimated cost of the ending inventory is $24,550

5 0

3 years ago

What is a guiding principle of composite risk management?

xxMikexx [17]

Explanation:

The basic principle for the risk management are as follows -

1. Do not accept unnecessary risk - unnecessary risk comes without commensurate benefits. Only absolutely necessary while Missions must be undertaken while exposing personnel and resources to the lowest possible risk.

2. Make decisions at appropriate levels to establish clear accountability, which means those responsible for success or failure must be involved in the risk decision making.

3. Accept risks when benefits outweigh the costs.

4. Integrate operational risk management (ORM) into operations and planning at all levels.

7 0

3 years ago

Rick, who is single, has been offered a position as a city landscape consultant. The position pays $141,800 in cash wages. Assum

Sliva [168]

Answer:

I used the 2020 standard deduction and income tax brackets to calculate the answer.

a. What is the amount of Rick’s after-tax compensation (ignore payroll taxes) and his income tax liability?

Rick's gross income $141,800

- standard deduction $12,400

taxable income $129,400

income taxes = (10% x $9,875) + (12% x $30,250) + (22% x $45,400) + (24% x $43,875) = $25,135.50

after tax income = $141,800 - $25,135.50 = $116,664.50

b. Suppose Rick receives a competing job offer of $102,500 in cash compensation and nontaxable (excluded) benefits worth $4,900.

Rick's gross income $102,500

- standard deduction $12,400

taxable income $90,100

income taxes = (10% x $9,875) + (12% x $30,250) + (22% x $45,400) + (24% x $4,575) = $15,703.50

after tax income = $102,500 - $15,703.50 + $4,900 = $91,696.50

5 0

3 years ago

In business correspondence that includes procedures and directions, ______ the steps to differentiate them from each other.

balandron [24]

Answer:

number

Explanation:

When creating a list you number the steps to tell each different procedure and direction apart. That works the same way here. It is step-by-step instructions which is why you are numbering them by step.

3 0

3 years ago

When looking to finance higher education what is the best order to look for funding sources

elena-s [515]

When trying to finance higher education, one should first turn to scholarships and grants. Scholarships and grants are free money given by either the government or the educational institution that is there to recognize outstanding pupils in the area they are great in. Following that, one should turn to federal student loans as they offer a low interest rate, followed finally by private loans.

6 0

3 years ago