Answer:
D. this amount should be included in calculating that year's GDP
Explanation:
If the economy adds to its inventory of goods during some year, the amount should be added to the calculation of GDP for that particular year.
Answer:
real-world changes in which no one is harmed are rare or nonexistent.
Explanation:
Pareto optimality, also known as Pareto efficiency was named after Vilfredo Pareto and it refers to an economic system in which no additional changes can make a person better off without making at least one person worse off.
This ultimately implies that, when there's a maximum level of efficiency in the allocation of goods and resources in an economy and no further changes can be made without making at least one person worse off. Thus, it can only exist in theory but not in reality.
The main reason the usefulness of Pareto optimal policies is limited as a policy guide is that real-world changes in which no one is harmed are rare or nonexistent because the goods and resources cannot be reallocated.
Answer:
The net cash flows from operating activities last year was <u>$161,000</u>.
Explanation:
CASH FLOWS FROM OPERATING ACTIVITIES $
Net Income 88,000
<em>Adjustments to reconcile net income to </em>
<em>net cash provided by operating activities: </em>
Depreciation on Fixed Assets 62,000
<em>(Increase) Decrease in Current Assets:</em>
Accounts Receivables 11,000
Inventory (6,000)
Prepaid Expenses 0
<em>Increase (Decrease) in Current Liabilities:</em>
Accounts Payable 1,000
Accrued Liabilities (5,000)
Taxes Payable 10,000
NET CASH PROVIDED BY OPERATING ACTIVITIES 161,000
Answer:
the manufacturer's duty of care extends to all persons who might foreseeably be injured if the manufacturer does not exercise its duty of care
Explanation:
Negligence liability can apply to persons or organisations not explicitly interested in the accident at question — a term known as vicarious liability. Vicarious responsibility for negligence is also asserted to ensure that an accident victim can collect her or his compensation from an economically stable and properly protected party.
Small companies, associations, organisations and major corporations may also be held legitimately accountable in cases where they have failed to secure the health of everyone else adequately. Additionally, respondeat superior may also render an employer responsible for job-related injuries affecting his or her workers even though at the moment of the incident the employer had not been present.
Answer:
Explanation:
a) loss from selling the assets = Total liabilities - amount not sufficient to pay for creditors = 78000 - 28000 = 50000
Loss = Assets - loss from selling the assets = 126000 - 50000 = 76000
B) allocation of loss
Turner = 76000 * 10% = 7600
Roth = 76000 * 40 % = 30400
Lowe = 76000 * 50 = 38000
C) partners capital after allocating above loss
Turner capital = 2500 - 7600 = -5100
Roth = 14000 - 30400 = -16400
Lowe = 31500 - 38000 = -6500
Contribution from partners required to pay 28000 debt
:
Turner = 28000 * 10% = 2800
Roth =. 28000 * 40% = 11200
Lowe = 28000 * 50% = 14000