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EleoNora [17]
3 years ago
8

Jeff Brooks has recently moved into an apartment and has discovered that the previous tenant forgot to turn off the cable TV ser

vice. Jeff plugs his new big screen into the cable and enjoys the cable service without paying for it. Economists would describe Jeff Brooks as a ______.
Business
2 answers:
goblinko [34]3 years ago
7 0

Answer:

The correct answer is: Free Rider.

Explanation:

In economics, the Free Rider dilemma relates to someone being able to get what others pay for less or even for free. The problem comes when people do not want to pay their fair share for something other people pay for. That is more prevalent when it comes to public goods.

DENIUS [597]3 years ago
5 0

Answer:

free rider

Explanation:

In economics, a free rider is someone that benefits from using some service or good but is not doing anything to pay for his/her consumption of the service or good, i.e. they are using something for free and they do not wish to change that situation.

Free riders are much more common than what many believe, for example, people living in the suburbs that go into a city and use their public services, e.g. transportation, roads, police officers, parks, etc.

You might be interested in
Which hmmwv variant is the primary vehicle carrying the s250 electrical equipment shelter?
KonstantinChe [14]

Its usually the M1152 model of hmmwvs

6 0
3 years ago
In 2018, the Westgate Construction Company entered into a contract to construct a road for Santa Clara County for $10,000,000. T
Zepler [3.9K]

Answer:

revenue recognized

2018 = $2,800,000

2019 = $4,500,000

2020 = $2,700,000

gross profit

2018 = $616,000

2019 = $990,000

2020 = $383,400

Explanation:

Percentage of                      2018              2019               2020

completion method

Cost incurred in                   $0          $2,184,000    $5,694,000

previous year

+ Cost incurred              $2,184,000 $3,510,000    $2,316,600

during the year

Total cost incurred        $2,184,000 $5,694,000    $8,010,600

+ Estimated cost to       $5,616,000  $2,106,000            $0

be incurred

Total estimated cost    $7,800,000 $7,800,000     $8,010,600

to be incurred

Percentage of                   28%               73%                  100%

completion

 

Total revenue        $10,000,000  $10,000,000    $10,000,000

Total revenue         $2,800,000    $7,300,000     $10,000,000

recognized (% of completion x total revenue)

- Revenue recognized       ($0)    ($2,800,000)    ($7,200,000)

in previous year    

= revenue recognized  $2,800,000   $4,500,000     $2,700,000

in current year

gain/loss                                2018                 2019          2020

Revenue                        $2,800,000  $4,500,000    $2,700,000

- Cost incurred             ($2,184,000) ($3,510,000)   ($2,316,600)

Gross profit                     $616,000     $990,000       $383,400

8 0
2 years ago
Last year the company had net operating income of $450,000 on sales of $1,500,000. Lost Peak’s average operating assets for the
vesna_86 [32]

Answer:

$280,000

Explanation:

Computation for the company’s residual income for the year

Using this formula

Residual Income=Operating income- (Average operating assets×Rate of return)

Let plug in the formula

Residual Income = $450,000 – ($1,700,000 x 10%)

Residual Income=$450,000-$170,000

Residual income=$280,000

Therefore te company’s residual income for the year will be $280,000

5 0
3 years ago
West Corp. leased a building and received the $36,000 annual rental payment on June 15, 2004.
Shtirlitz [24]

Answer:

$7,200

Explanation:

West should recognize 6 months of rent during 2004 = $36,000 x 6/12 = $18,000

So West will recognize the remaining $18,000 in rent during 2005, but it decided that the operation will be taxed completely during 2004.

Since the future taxable income will be less than the future pre-tax accounting income be $18,000, then they must report a deferred tax asset = $18,000 x 40% = $7,200

The current tax rate is lower than the future tax rate, but West has to record its tax asset based on the future tax rate, not the current one.

3 0
2 years ago
Using this table, calculate the profit at each level of running shoe inserts production. Pair 1: $ Pair 2: $ Pair 3: $ Pair 4: $
Aloiza [94]

Based on the total cost, total revenue, and pair of shoes, the profit level at every level of running shoe production are:

  • Pair 1 - $23
  • Pair 2 - $51
  • Par 3 -$80
  • Pair 4 - $109
  • Pair 5 - $137

<h3>What are the profits at each level?</h3>

The profit can be found as:

= Total revenue - Total cost

At first level:

= Total revenue - total cost

= 30 - 7

= $23

At pair 2:

= Total revenue - total cost

= 60 - 9

= $51

At pair 3:

= Total revenue - total cost

= 90 - 10

= $80

At pair 4:

= Total revenue - total cost

= 120 - 11

= $109

At pair 5:

= Total revenue - total cost

= 150 - 13

= $137

The total profit is increasing because the total revenue is increasing significantly yet the total cost is only increasing marginally.

In conclusion, the profit is increasing more because cost is increasing less.

Find out more on total profit at brainly.com/question/1078746

#SPJ1

6 0
2 years ago
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