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3 years ago

5

The difference between the economic impact upon a municipality by a convention center as opposed to a stadium or arena built for

housing sporting events is

1 answer:

NeX [460]3 years ago

5 0

Increased presence of visitor spending

I hope that helped

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If a borrower provides collateral and fails to repay the loan,

MakcuM [25]

The correct option is B.
In case of non repayment of loan, the lender can sell the collateral and used the proceeds to cover his losses. A collateral is always in form of properties which are substantial in value, it is often requested that borrowers provide collateral in order to reassure lenders that they will pay up.

6 0

3 years ago

Read 2 more answers

Required information Use the following information for the Exercises below. Skip to question [The following information applies

Lyrx [107]

Answer:

Follows are the solution to this question:

Explanation:

In point A:

The estimated amount of uncollectible allowance = $\$ \ 635,000 \times 4 \% = \$ \ 2,540,000$

In point B Journal

Titles and descriptions of accounts Debit Credit Calculation

Expenditure on bad debts $\$ \ 2,526,700$

Doubted debt allowance $\$ \ 2,526,700 \ \ (\$ \ 2,540,000 - \$ \ 13,300)$

(Bad Debts Expense recorded)

In point C Journal

Titles and descriptions of accounts Debit Credit Calculation

Expenditure on bad debts $\$ \ 2,553, 300$

Doubted debt allowance $\$ \ 2,553, 300 \ \ \ \ (\$ \ 2,540,000 + \$ \ 13,300)$

(Bad Debts Expense recorded)

5 0

3 years ago

1.If Enviromax wants to maximize profit, what price would they charge?

Lunna [17]

Answer:

The question is incomplete. However, kindly find below the complete version of the question:

Question

Jack and Diane own Enviromax, a monopolistically competitive firm that recycles paper products. (1.)If Enviromax wants to maximize profit, what price would they charge? (2).What is their profit per unit if they are operating at the profit maximizing output?

Answer / Explanation

(1) First before we continue to answer this question, let us define what a monopoly is: This is a kind of market situation where the sole production or manufacturing of a product have been given to a single entity.

The graph attached below will give us a proper understanding and illustration of the answer.

Where: MR in the graph is defined as the additional revenue obtained when producers produce 1 more unit of good and the AR refers to the total revenue divided by the amount of output produced which is essentially the price of one unit of good.

MC refers to the additional cost incurred by producers when they produce 1 more unit of good and is upwards sloping due to increasing opportunity costs of production.

Noting that since the firm is a monopolistic type, the MR curve is lower than the AR curve because if the firm wants to sell an additional unit of output it will have to lower the successive price. This is unlike the case of a firm operating in a PC where it takes the price as given and hence has no ability to set prices. it should also be noted that profit maximizing for all firms (whether PC or non-PC) occurs at MC=MR. This is because if MC>MR this means the additional cost of producing this unit of good > additional revenue obtained from selling this unit of good and is hence not profit maximizing. If MC<MR, this implies that the firm should not stop at producing this unit of good because it will be forgoing the additional net revenue (profit) should it do so. Hence all firms will produce at the point where MC=MR.

(2) Now referring back to the graph, the profit-maximising point where MC intersects MR hence occurs at output Q. The firm will hence produce Q and hence price at P according to the AR (DD) curve.

In the graph below, since AR > AC at the profit maximizing level, this implies that per unit revenue > per unit costs and the firm makes a supernormal profit (defined as what excess profit above what is needed to keep firms in production which is normal profit) of the shaded area. If the firm was operating in a perfectly competitive market however, then the profit maximizing point would occur at AR =MC (since AR=MR in a PC market) and the firm would be producing at Qpc and Ppc

5 0

3 years ago

If shuebke's review was conducted in good faith and conformed to generally accepted accounting principles, can superior hold shu

Ira Lisetskai [31]

This involves bookkeeper obligation, carelessness – or neglecting to distinguish material oversights, and the treatment of bookkeepers acting in compliance with common decency and following the sound accounting standards. The essential inquiry is regardless of whether Shuebke can be held subject expecting she had acted in compliance with common decency and adjusted to the sound accounting standards. To start, sound accounting standards can be characterized as the traditions, guidelines, and methodology used to depict what the worthy bookkeeping standards are at a particular time. They likewise diagram the level of aptitude expected of bookkeepers and the level of care that they should practice in playing out their administrations.

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4 years ago

Alan's employer maintains a long-term disability income plan on which it pays all premiums. Last year, Alan received $40,000 in

Margarita [4]

Answer:

$40,000

Explanation:

If Alan had paid the disability insurance himself, then disability income would not be taxable. But since Alan's employer paid the disability insurance premiums, then any disability payments that Alan received must be included in his gross income and are taxable.

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3 years ago