Answer:
Option (C) is correct.
Explanation:
In an unregulated market, negative externality results in a higher social marginal cost than the firm marginal cost because this market is not properly regulated by the government officials. Hence, these firms are not taking into account the effect of negative externalities in their cost.
We know that the consumer's decision is more offenly based on the point where the marginal cost is equal to the marginal benefit because they are not taking the impact of negative externalities.
If proper action is not taken by the government, negative externality will result in a market inefficiencies.
Answer:
the gourmet food that he was fed was poorly prepared
Explanation:
Shopkeeper's priviledge is the law that allows United States shop owners detain people that shoplifted from their shop.
They must have proof that the person did the crime and also are only able to hold him for a reasonable time.
In the given scenario the shop owner catches Ed red-handed in the act of shoplifting. He and an employee gently restrain Ed in the back room, feeding him gourmet food and wine until the local sheriff finally shows up three days later.
Ed can win a tort of false imprisonment if the gourmet food that he was fed was poorly prepared.
There must be proper care given while the suspect is being detained. Being fed poorly prepared food means he was detained under conditions that could be detrimental to his health
The answer is b. false.
In the absence of a partnership agreement on fixed duration, the Partnership Act 1890 may apply.
<span>Under the Act, a partnership will be automatically dissolved if: a partner dies</span>
<span>· </span>a partner becomes bankrupt;
<span>· </span>the court orders it to be dissolved;
<span>· </span>it's illegal to carry on the business of the partnership;
<span>· </span><span>the partnership was created meet a goal and this specific objective or the project is complete; or</span>
<span>a partner gives notice to dissolve the partnership to the other partners. The </span>
This problem is solved by using the compound interest formula:
A=P(1+(I/period))^(number of periods)
Where A = amount accumulated and P = amount loaned and I = Interest
A = ? P = $2, 000, I = 0.115, Period = 2 (semi annually) Number of period = 2
*7 (I. e paid twice over a 7 yrs span)
So we have
A = 2000 ( 1 + 0.115/2)^(14)
A = 2000 ( 1 + 0.0575)^(14)
A = 2000 (1.0575)^(14)
A = 2000 (2.1873851765154) = 4374.77035
So we have 4374.80 to the nearest cent.
Answer:
a debit to Accounts Payable for $1,400 and a $1,400 credit to Purchase Returns allowances
Explanation:
Periodic inventory system is one that updates information on inventory on a periodic basis. This is opposite of perpetual inventory system that requires update of inventory system at all times.
In the scenario the merchandiser bought the goods on account. That means he did not pay cash but rather bought on credit.
On purchasing the items accounts payable will be credited thereby increasing the account balance.
Since the items are being returned a debit will be applied to accounts payable resulting in a decrease in the account balance.
A credit will now be posted to purchase returns allowances to show that products have been returned by a buyer
