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Leno4ka [110]
4 years ago
8

The pennsylvania turnpike is a tolled freeway running through the state of pennsylvania. motorists must pay tolls at various poi

nts along the turnpike based on the distance they traveled on the freeway. suppose that despite the tolls, many motorists in the urban areas use the turnpike causing traffic to slow during peak times. what type of good would the turnpike be classified as in this case?
a. public good
b. club good
c. common resource
d. private good
Business
1 answer:
Masteriza [31]4 years ago
8 0
Public good, even though it is a private held good.
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Finland Inc has the following Accounts Receivable Aging on March 31 Aging BucketCurrent1-90 days91-180 days181-365 days366 days
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Answer:

$32,250

Explanation:

Aging Bucket       Amount Outstanding

Current                 300,000

1-90 days              180,000

91-180 days          100,000

181-365 days        50,000

366+ days             <u>15,000</u>

Total                      <u>$645,000</u>

<u />

Total accounts receivable at the end of March = $645,000

Percentage uncollectible = 5%

Required reserve at the end of March = Total accounts receivable at the end of March * Percentage uncollectible

Required reserve at the end of March = $645,000*5%

Required reserve at the end of March = $32,250

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