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4 years ago

Which types of costs are associated with transactions that can result in damage to the environment, human health, and property?

Business

1 answer:

Zina [86]4 years ago

6 0

Answer:

The costs associated with this type of transactions are the following:

1. Internal costs

2. Traditional market costs

3. External costs

4. Tangential costs

5. External costs

Explanation:

This is the economic value assigned to the negative effects of a productive activity for society (pollution, lost soil fertility, etc.). For many years, the traditional economy has ignored both environmental and social costs. However, true economic integration must go hand in hand with the implementation of regulatory measures that do not restrict economic activity and contribute to sustainable development, which includes in all cases an environmental management of the resources where it is involved. citizens, not as a pressure group, but as participants in making decisions with environmental consequences.

It is precisely in this scheme where environmental economics arises as a discipline to seek or at least raise favorable paths that lead to optimization in the exploitation of natural resources, whose reserves are scarce.

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Standard demand and supply analysis tells us that "the equilibrium quantity of milk will rise, but we can't determine how the equilibrium price will be affected".

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Genna approached Al Ternator about joining the business as an owner. She offered to provide the technical expertise and deal dir

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3 years ago

Beck Manufacturing reports the following information in T-accounts for the current year. Raw Materials Inventory Debit Credit Be

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Cost of goods manufactured is $131,000 and Cost of goods sold is $129,000.

Cost of goods manufactured

Particulars Amount

Direct Material:

Beginning Inventory of Raw Material $10000

Add: Purchase of raw material $45000

Raw material available for use $55000

Less: Ending inventory of Raw material ($8500)

Direct Material used $46500

Direct labor $27500

Factory Overhead $55000

Total manufacturing Cost $129000

Add: Beginning inventory of WIP $14000

Total cost of WIP $143000

Less: Ending Inventory of WIP ($12000)

Cost of goods Manufactured $131000

Cost of goods sold for the year:

Particulars Amount

Beginning stock of finished goods $16000

Cost of goods manufactured $131000

Goods available for sale $147000

Ending stock of Finished goods ($18000)

Cost of goods sold $129000

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brainly.com/question/24561653

4 0

3 years ago

Jim marley is the sole owner of marley's appliances. jim borrowed $100,000 to buy a new home to be sued as his personal residenc

docker41 [41]

Answer:

Economic entity

Explanation:

Economic entity is the principle of accounting, which states that the finances of the business entity should be kept separate from those of the shareholders, owner, partners or the related businesses.

This principle of accounting is considered to be one of the core, fundamental accounting principles.

So, Jim is the owner of the marley appliances and he borrowed $100,000 for buying the home. Therefore, it will not be recorded as the liability because the money borrowed for personal use and as per economic entity concept, the finances of business entity is separate from those of owner.

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3 years ago

The bank statement reported an ending balance of $43,860 after deducting $660 in service charges and an addition of $13,500 for

Jet001 [13]

Answer:

Question 1

B. $41,910

Question 2

C. Debit to interest receivable for $90

Explanation:

Question 1

Calculation for the adjusted cash balance

Using this formula

Adjusted cash balance = Cash balance per books +Deposits in transit - Outstanding checks

Let plug in the formula

Adjusted cash balance= $43,860+$16,800-$18,750

Adjusted cash balance= $41,910

Therefore Adjusted cash balance is $41,910

Question 2

Based on the information given The Appropriate journal entry to record accrued interest at the end of its fiscal year on December 31, 2019 will include a:

Debit to interest receivable for $90 which is calculated as:

Interest receivable=[(6%*$18,000*90days/360)/3]

Interest receivable=$270/3

Interest receivable=$90

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3 years ago