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3 years ago

What is a critical factor in determining whether something gets produced as a public good?

Business

1 answer:

snow_lady [41]3 years ago

4 0

Cost is a critical factor in determining whether something gets produced as a public good.

<u>Explanation: </u>

In the areas of manufacturing, science, trade and accounting, the expense is the value of money used to create or provide a service and is therefore no longer readily available. The costs can be one of acquisitions in industry, whereby the amount of money paid to buy it is deemed to be an expense.

In this case, the money is the input to obtain the object. The purchase price might be the sum of the cost of production paid from the original manufacturer and other transaction costs borne by the consumer above and beyond the price paid to the seller. The price usually often provides a profit margin on production costs.

Direct costs include consumables, related supplies, selling fees and inventory.

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Jessica is trying to get a credit card. She has a credit score of 790. How is Jessica’s lender likely to view this credit score?

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<span>A.) Jessica is low risk and will pay her outstanding balances on time.</span>

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3 years ago

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Zephron Music purchased inventory for $4,400 and also paid a $260 freight bill. Zephron Music returned 25% of the goods to the

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Answer:

Cost of the inventory kept by Zephron Music is $3495

Explanation:

<u><em>Zephron Music purchased inventory for $4,400 and also paid a $260 freight bill</em></u>

Inventory $4660 (debit)

Trade Payable $ 4400 (credit)

Bank $260 (credit)

Recognise an Asset - Inventory and De-recognise asset - Bank

<u><em>Zephron Music returned 25% of the goods to the seller, took a 1% purchase discount</em></u>

Trade Payable $1212

Inventory $1165 (credit)

Discount Received $47 (credit)

Therefore Inventory Balance = $4660-1165 = $3495

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3 years ago

1. Analysis How many burritos will the producer supply at the price of $1? In your opinion, what is the reason for that quantity

amm1812

The number of burritos that will be supplied depends on the costs the supplier incurs.

You did not include any charts that can be used to answer this specific question so I will give a general answer.

When a supplier is deciding the price at which to supply a good, they look at:

Their costs both fixed and variable
The price others are charging
The demand for the good

The most important factor is their costs. If in this case, it costs more than $1 to produce a burrito, they will not supply burritos. If their costs are less than a dollar, the number of burritos supplied will then depend on other factors but they will supply some.

In conclusion, if the cost to make the burrito is less than $1, the supplier will supply no burritos but if the cost is less, they will supply based on other factors.

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2 years ago

Recognizing something as a revenue instead of as a liability has a positive effect on the reported financial statements because:

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Revenue and liability has influence on reported financial statements because;

it understates liabilities
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Revenue serves as the money that is been generated by the company as a profit while a liability serves as future sacrifices of economic benefits.

However, recognizing something as revenue instead of liability is dangerous because it can results in overstated net income.

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2 years ago

The management of Brinkley Corporation is interested in using simulation to estimate the profit per unit for a new product. The

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The calculated profit per unit for base-case, worst-case is, and best-case for the management of Brinkley corporation is:

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<h3>The Profit per unit for base-case:</h3>

45 - 1 1- 24 - 3 = $7

<h3>Profit per unit for worst case:</h3>

45 - 12 - 25 - 3 = $3 per unit

<h3>Profit per unit for best case:</h3>

45 - 10 - 20 - 3 = 12$ per unit

b. The mean profit per unit is given as $7.05

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It can also create different scenarios for possible resources.

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