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liberstina [14]
3 years ago
8

In order for private bargaining to result in the efficient outcome,A) an injunction must be requestedB) property rights must be

clearly assigned to the parties involved in the dispute C) liability laws should not be present D) the right to impose an externality must be auctioned off to the highest bidder
Business
1 answer:
lianna [129]3 years ago
3 0

Answer:

The correct answer is letter "B": property rights must be clearly assigned to the parties involved in the dispute.

Explanation:

Named after British lawyer and economist Ronald Coase (<em>1910-2013</em>) the Coase Theorem states when there are competitive markets and no transaction costs bargaining will lead to an efficient and mutually beneficial outcome. The theorem affirms that when property rights are defined and divided, parties will gravitate to the most efficient and beneficial outcome.

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At the beginning of the current accounting period Blazer Company had a $40,000 balance in its Finished Goods Inventory account.
Salsk061 [2.6K]

Answer:

The correct answer is A.

Explanation:

Giving the following information:

Beginning finished goods inventory= $40,000

During the period cost of goods manufactured amounted to $280,000. The ending balance in the Finished Goods Inventory account was $42,000.

To calculate the cost of goods sold, we need to use the following formula:

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 40,000 + 280,000 - 42,000

COGS= 278,000

4 0
3 years ago
On January 1, Year 1, Friedman Company purchased a truck that cost $33,000. The truck had an expected useful life of 100,000 mil
Rainbow [258]

Answer:

Depreciation expense-Year 2 = $8840

Explanation:

It is important to note that the depreciation is based on the units-of-production method and in case of the truck, we take 100000 miles as its useful life or total units of production.

The depreciable value of the truck is Cost - salvage value,

Depreciable Value = 33000 - 7000 = 26000

The depreciation for year 2 based on units-of-production is,

Depreciation expense for year 2 = 26000 * 34000/100000 = $8840

7 0
3 years ago
Read 2 more answers
Based on what you know about wheel and axle simple machines, how might you manipulate the size of the axle powering the input pu
postnew [5]
<span>If you want to harness more speed from the output, you need to harness the force more efficiently. You can do this by making the size of the axle smaller. This will increase the number of full rotations the axle has.</span>
7 0
4 years ago
In 2020, Sheridan Company, issued for $102 per share, 94000 shares of $100 par value convertible preferred stock. One share of p
diamong [38]

Answer:

$2,538,000

Explanation:

Paid in capital in excess of par-common stocks= $102*94,000-94000*3*25=$2,538,000

The preference shares were valued at $102*94,000 less the amount of common stocks issued at par (94,000*3*25) for conversion of preference stocks to common stocks will give paid in capital in excess of par for common stocks.

The excess amount is also called share premium paid.

7 0
3 years ago
According to the U.S. Department of Transportation, the construction of tunnels is one of the greatest challenges encountered du
eduard

Answer: Virtual team

Explanation: A virtual team is seen as a group of people who work jointly from distinct locations and depend on the exchange of information through the use of technology like fax, email, audio, and video conferencing assistance in order to cooperate and work together.

In this scenario, the USDOT created a national team which comprises a group of experts to work together in achieving their laid out tasks in the US. They won't be needing to meet in person as they communicate with telecommunication and information technology.

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3 years ago
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