Answer:
The correct answers are:
1) "B": common pool resources are overused.
2) "C": overfishing in public waters.
Explanation:
1) The tragedy of the commons is a resource-based economic problem that takes place when given resources are overexploited without a clear renewable plan or government restrictions that avoid the extinction of those resources. Those resources are usually scarce.
2) <em>Overfishing in public waters</em> is a clear example of the tragedy of the commons. Certain types of fish are scarce. The situation worsens when there are no clear limits imposed on fishermen who tend to overexploit fishing for economic purposes. A real-life example of this is the collapse of the North Atlantic Cod fisheries on Canada's eastern coast.
Answer:
Steve and Stephanie Pratt
a. The amount of gain on the sale of the home that the Pratts are required to include in their taxable income is:
= $352,500
b. The amount of gain on the sale of the home that the Pratts are required to include in their taxable income is:
= $352,500
c. The amount of gain on the sale of the home that the Pratts are required to include in their taxable income is:
= $352,500
d. The amount of gain on the sale of the home that the Pratts are required to include in their taxable income is:
= $352,500
Explanation:
a) Data and Calculations:
Initial purchase cost of a home in Spokane = $575,000
Selling price of the home on June 30 of Year 5 = $927,500
Recognized gains = Selling price of the home Minus Initial Purchase Cost
= $352,500 ($927,500 - $575,000)
Simplify the following expression: 4x + 5y – 2x – 3y + 2z *c
Answer: A Refugee
Explanation:
A Refugee is an individual who has left his native country and crossed into another country, due to conflict or war in their native land. In most cases, refugees are unable to return to their native country and would have to start life afresh in the new country.
Answer:
14.1%
Explanation:
Cash return on assets is the ratio of a company's operating cash flow to its average total assets. It shows how a company is generating cash flow from its assets and compares a company’s profitability with other companies.
Cash return on assets = operating cash flow / average total assets
Given that:
operating cash flows = $240,000
Average total assets = ($1.6 million + $1.8 million) / 2 = $1.7 million.
Therefore, Cash return on assets = $240000 / $1.7 million = 0.141 = 14.1%
