Answer:
Suppose the production of a good results in positive externalities. The market will tend to <u>overproduce</u> this good and the good's marginal social benefits curve will <u>lie to the left of the good's demand curve.</u>
Explanation:
A positive production externality is the positive effect an activity imposes on an unrelated third party such as the positive effect production activity has on the market.
A positive externality exists if the production and consumption of a good or service benefits a third party not directly involved in the market transaction. For example, education directly benefits the individual and also provides benefits to society as a whole through the provision of more responsible citizens.
Answer:
<em>SNIPES BOOKS</em>
<em>June 8th</em>
Accounts Receivables 18,250 debit
Sales revenue 18,250 credit
COGS 10,400 debit
cash 400 credit
merchandise inventory 10,000 credit
Sales returns 5,000 debit
Accounts Receivables 5,000 credit
Merchandise Inventory 3,000 debit
COGS 3,000 credit
Cash 12,985 debit
Sales Discount 265 debit
Account Receivables 13,250 credit
Explanation:
Snipes will pay the freight as the term are FOB destination, which means the goods are still theirs until they arrive. Therefore it must take all thecost of transportation.
Balance of Beejoy account regarding Snipes company
Purchase - returned goods = balance at payment
18,250 - 5,000 = 13,250
13,250 x 2% = 265
net amount due: 12,985
B- allow the economy fix itself. laissez-faire means to let free or to let be
Answer:
The answers are the c) oil lubricants used for factory machinery and the d) hourly wage of an assembly worker
Explanation:
Indirect manufacturing costs are the costs that a factory must cover for the manufacture of a product, apart from materials and direct labor. They relate to the entire operation of the company and overcome the manufacturing process of a specific product. They are also found as general manufacturing costs.
In the case of response c), factory supplies are all those materials that are consumed within the factory but are not part of the raw materials. This includes oils, greases, lubricants, stationery, etc.
In the case of response d), indirect labor costs are those that make the operation of the company possible but cannot be assigned to a particular product. For example, the salary value of a manager who manages the operation of the entire company and not only in a product line.
