Answer:
Oscar Lewis’s "culture of poverty" is usually interpreted as blaming the poor people for being poor. It's like, you are poor because you decide to be poor, and Cho (and I) believe that it is not true.
While Mario Luis Small believed that someone doesn't have or belongs to a culture just because his or her race, ethnic group or gender. His work relates to how environmental, socio-cultural conditions influence poor neighborhoods and their residents.
Answer: Because private companies will have difficulty getting anybody to pay for them.
Explanation:
Private markets fail to provide the optimal amount of some good such as public firework displays because private companies will have difficulty getting anybody to pay for them.
The main motive behind private markets are simply for making of profit but for public, the main motive is for the government to satisfy the needs to the people. Hence, with regards to the question, the answer will be that there'll be difficulties encountered in getting people to pay for the goods.
Answer:
A. $25,000
B. $4,300
Explanation:
A. Calculation to determine What amount will the insurance company pay for the damages
Using this formula
Insurance payment=(Claim amount, Policy limit)
Let plug in the formula
Insurance payment= $25,000
Therefore the amount that the insurance company will pay for the damages is $25,000
B. Calculation to determine What amount will Kurt have to pay
Using this formula
Personal liability=Claim amount - Insurance payment
Let plug in the formula
Personal liability=($9,000 + $20,300) - $25,000
Personal liability=$29,300-$25,000
Personal liability=$4,300
Therefore Kurt have to pay $4,300
Answer:
Costs and benefits are weighed to determine if producing the good will be profitable.
Explanation:
Production of goods refers to the process through which raw material and resources are converted to a finished product. In most economies, production of goods are services is necessary to meet the demand for these goods. Companies and firms utilize resources like labor and materials to produce finished products. This is usually a costly activity that needs to be planned and organized for it to be successful. Since most businesses is for profit making, the production process has to be done in such a way that in the end, profits are made. Production processes requires financial strategies to be applied and assessed to ensure that the process is profitable in the long run.
An example of a financial analysis that can be used is the cost benefit analysis. The cost benefit analysis involves determination of all the resources that will be needed as input. The input is then convert into monetary terms, then summed together. The total amount of input in monetary terms is the cost, since that i the total amount needed to process the raw materials to finished goods. The future benefits are also forecasted and converted into monetary terms. The comparison of the costs versus the benefits forms what is collectively termed as the cost and benefits analysis.
When the costs outweigh the benefits, then the good should not be produced. When the costs are equal to the benefits, it means the business will break-even, so there will be no profits, it is advisable not to produce the good. Finally, when the benefits outweigh the costs, it is advisable to produce the good.
Answer:
$6,100
Explanation:
Calculation to determine what The amount of bad debt expense recorded on December 31 will be:
Using this formula
Bad debt expense=(Estimated % of accounts receivable*Accounts Receivable ending +balance)+Unadjusted balance of Allowance for Uncollectible Accounts
Let plug in the formula
Bad debt expense=(7%*$80,000)+$500
Bad debt expense=$5,600+$500
Bad debt expense=$6,100
Therefore The amount of bad debt expense recorded on December 31 will be:$6,100