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katen-ka-za [31]
3 years ago
6

Explain what is meant by a good being "excludable." Explain what is meant by a good being "rival in consumption."

Business
1 answer:
vovikov84 [41]3 years ago
8 0

Answer:

If you can prevent a nonpaying consumer from having access to a good or service, that good is excludable. For example, only clients that buy a ticket can enter a movie theater and watch the movie.  

A good or service that can be consumed by only one consumer (or a specific number of consumers) is rival in consumption because other people cannot consume them simultaneously. For example, once the movie theater sold out, no more people can get inside and watch the movie.

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Spencer Chemical Corporation produces an oil-based chemical product which it sells to paint manufacturers. In 2019, the company
Snowcat [4.5K]

Answer:

Total incremental net income = $28,000

Incremental per gallon increase in net income = $0.70 per unit

Explanation:

a. The preparation of incremental statement to find out the increase in net income

Total production                                  $140,000

Less:

Incremental cost

Direct material              $68,000

($1.70 × 40,000 gallons)

Direct labor                  $24,000

($0.60 × 40,000 gallons)

Variable manufacturing

overhead                     $20,000

($0.50 × 40,000 gallons)

Total incremental cost                      ($112,000)

Total incremental net income          $28,000

b. Incremental per gallon increase in net income = Total incremental net income ÷ Total quantity

= $28,000 ÷ 40,000 gallons

= $0.70 per unit

Therefore the total incremental net income is $28,000 and incremental per gallon increase in net income is $0.70 per unit.

5 0
3 years ago
why can it be dangerous to provide credit card information over the internet? does it stop the risk if you only use credit cards
Cloud [144]

If there were no rules or information security standards governing the data that makes up an e-commerce transaction, the Internet would not be as popular as it is now.

It is well recognized that using cyber security is important for e-commerce. Because cyber assaults may result in significant loss of income, data, and company viability, cyber security is crucial for e-commerce. Be aware that an increase in online crime may cause a crash. Therefore, I would say that, in the absence of regulations or information security standards pertaining to the data that makes up an e-commerce transaction, the Internet would not be as popular as it is now.

Learn more about internet here,

brainly.com/question/28368342

#SPJ4

3 0
1 year ago
Please help I have no clue how to do accounting
levacccp [35]

Answer:

the picture not working

Explanation:

5 0
3 years ago
Union Company reported the following information about the production and sale of its only product during the first month of ope
AleksAgata [21]

Answer:

C) $200.00

Explanation:

Absorption Product Cost = Direct Labor + Direct Materials + Variable Overheads + Fixed Overheads

Thus, we need to Calculate the Total Cost of Goods Manufactured as follows :

Direct materials used                        $160,000

Direct labor                                        $100,000

Variable factory overhead                 $60,000

Fixed factory overhead                      $80,000

Total Cost of Goods Manufactured $400,000

Then Calculate the product cost per unit

Product cost per unit = Total Cost / Total Production

                                   =  $400,000 / ($315,000/$225.00 + 600)

                                   =   $400,000 / 2,000

                                   =   $200.00

Note : Total Production = Units Sold <em>plus</em> Ending Finished Goods Inventory

3 0
3 years ago
Figure your taxable income, subtract the sum of lines 8 and 9 from line 7, and then enter that number here
Anna71 [15]

Answer:

22532

Explanation:

For this one you dont look at the w2 form. you have to look at the form you are filling out go up to question number 7 and 8 you will subtract those to answers that was filled in 34732-12200= 22532

sorry for the long explanation I was currently working on this and then I read the problem so many times but I feel slow so hope this helps

5 0
3 years ago
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