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Juliette [100K]

3 years ago

7

George owed keith $800 on a personal loan. neither the amount of the debt nor george's liability to pay the $800 was disputed. k

eith had also rendered services as a carpenter to george without any agreement as to the price to be paid. when the work was completed

1 answer:

Jlenok [28]3 years ago

3 0

It would be 770 answer

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A movie studio sells the latest movie on DVD to VideosRUs at $10 per DVD. The studio's cost of production is $1 per DVD. VideosR

Slav-nsk [51]

I’m sorry but i don’t understand your question.

6 0

2 years ago

When a good is nonexcludable: a. a free-rider problem will exist. b. consumers will pay the producers the market price for the g

Rashid [163]

Answer:

a free-rider problem will exist.

Explanation:

Non-Excluded goods are public goods that cannot exclude the use of a particular individual or group of persons. As a result, it is almost impossible to limit the consumption these types of goods. The Non-excludable goods contains:

1)Common pool resources: fish stocks, timber, coal

2)Public Goods: air, national defense, television

The free rider problem is an economic phenomenon that manifests itself in the fact that the consumer of the public good tries to avoid paying it.The free rider problem arises when an individual is consciously unwilling to pay for the public good, expecting to receive benefits without any payment. One of the striking examples of the manifestation of the free rider problem that is connected to the provision of public goods is the phenomenon of evading of the citizens from paying taxes.

7 0

3 years ago

What do socialism and communism have in common? Economics

elena-14-01-66 [18.8K]

Answer:

Both socialism and communism are essentially economic philosophies advocating public rather than private ownership, especially of the means of production, distribution and exchange of goods (i.e., making money) in a society.

Explanation:

4 0

2 years ago

Read 2 more answers

Public companies under the jurisdiction of the Securities and Exchange Commission are required by law to hire a certified public

Ostrovityanka [42]

Answer:

A. True

Explanation:

At the time of publishing the financial statements of the public companies under the jurisdiction of the Securities and Exchange Commission (SEC) is compulsory to hire the independent auditor or we can say Chartered Accountant (CA) so that he or she can assess the financial statement prepared by the public company whether it follows the Generally Accepted Accounting Principles (GAAP) or not.

And, according to that the independent auditor given his or her qualified or unqualified opinion

3 0

2 years ago

Northern purchased the entire business of Southern including all its assets and liabilities for $2,400,000 on December 31, 2021.

stich3 [128]

Answer:

$400,000

Explanation:

The computation of goodwill is shown below:-

Fair value of assets = $3,200,000

Fair value of liabilities = $1,200,000

Cash paid for southern = $2,400,000

Acquired Net assets = $2,000,000

Net assets acquired = Fair value of assets - Fair value of liabilities

= $3,200,000 - $1,200,000

= $2,000,000

Goodwill acquired = Cash paid for southern - Acquired Net assets

= $2,400,000 - $2,000,000

= $400,000

5 0

2 years ago