Compare and contrast how people have historically treated natural resources and how this might change, using your new understanding of scarcity, conservation, and private property.

Answer: In the past people treated natural resources as an infinite source of wealth and commodity. But now that we know that there are physical limits to nonrenewable resources we have taken a new approach to preserve this resources by taking measures like natural resource management. A great example of this would be a private property regime where the resources benefits and duties fall under the owner(s).

I hope it helps, Regards.

8 0

3 years ago

The Grandview Company issues 1 million shares of common stock with a par value of $0.12 for $16.00 a share. The entry to record

Jet001 [13]

Answer:

$16,000,000

Explanation:

This question requires us to give the amount arising in cash assets after this transaction.

We simply have to focus on the price offered for the share on the date of sale which is $16.00. Thus, cash proceeds (debited) will be :

Cash Proceeds = Share Price × Number of Shares issued

= $16.00 × 1,000,000 shares

= $16,000,000

<u>The rest of the Journal entry for this transaction will be :</u>

Debit : Cash ($16.00 × 1,000,000) $16,000,000

Credit : Common Stock ($0.12 × 1,000,000 shares) $120,000

Credit : Paid In Excess of Par ($15,88 × × 1,000,000 shares) $15,880,000

4 0

3 years ago

Which of the following managers is demonstrating the management function of planning rather than organizing, controlling, or lea

Paha777 [63]

Answer:

a. Sue told her employees the department needed 12% more sales this year than last and they would be contacting at least four new customers each week

7 0

3 years ago