Ask question

Ask question

All categories

2 years ago

15

If the paint on your house was eaten away by the fumes from a factory nearby and you hired a lawyer to sue the polluting firm, y

our legal fees would be considered:
A. external costs.
B. transaction costs.
C. marginal benefits.
D. social costs of the pollution.

1 answer:

AlexFokin [52]2 years ago

7 0

Answer:

It would be external costs

Explanation:

You might be interested in

North Company has completed all of its operating budgets.The sales budget for the year shows 50,600 units and total sales of $2,

atroni [7]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

The sales budget for the year shows 50,600 units and total sales of $2,317,800.

The total unit cost of making one unit of sales is $22.

Selling and administrative expenses are expected to be $304,000.

Income taxes are estimated to be $270,180.

Income statement:

Sales= 2,317,800

COGS= (22*50,600)= (1,113,200)

Gross profit= 1,204,600

Selling and administrative= (304,000)

Tax= (270,180)

Net operating profit= $630,420

5 0

3 years ago

Swifty's Market used the perpetual method to record the following events involving a recent purchase of inventory:

butalik [34]

Answer:

Inventory balance will be of 73,318

Explanation:

Inventory 75,400

Account payable 75,400

to record goods received

Account payable 1,300

Inventory 1,300

to record return of goods

Inventory 700

Cash 700

to record payment of freight

Account Payable 74,100

Inventory 1,482

Cash 72,618

to record payment of invoice within discount period

75,400 - 1,300 = 74,100

74,100 x 2% = 1,482

Inventory balance:

<em> DEBIT CREDIT</em>

75,400

1,300

700

1,482

<u><em>balance: </em></u>

73,318

8 0

2 years ago

As he explores his options, Sergio notices that some opportunities appear to be riskier than others. When considering various op

Margarita [4]

Answer:

His risk profile.

Explanation:

When comparing various option , Sergio must understand his risk profile and choose the option according to it.

8 0

2 years ago

On december 31, 2015, a company had assets of $16 billion and stockholders' equity of $8 billion. that same company had assets o

Natalija [7]

<span>On december 31, 2015, a company had assets of $16 billion and stockholders' equity of $8 billion. however it had assets of $20 billion and stockholders' equity of $9 billion as of december 31, 2016. during 2016, total sales revenue was $9 billion and total expenses was $7 billion. As Total asset is 20 billion and stockholders equity is 9 billion the liabilities are 11 billion. The Debt to Asset ratio = Liabilities / Assets = 11 Billion / 20 Billion = .55 (55%)</span>

8 0

3 years ago

Blossom Company lends Blue Spruce industries $61200 on August 1, 2022, accepting a 9-month, 12% interest note. If Blossom Compan

Svetlanka [38]

Answer:

Dr interest expense $2448

Dr interest payable $3060

Dr Notes payable $61,200

Cr cash($2448 +$3060 +$61,200) $ 66,708.00

Explanation:

The interest accrued at 31st December 2022 is interest for 5 months which is calculated thus:

interest as at 31st December=5/12*12%*61,200=$3060

On that interest expense would have been debited while interest payable is credited with $3060

On the due date, interest for another months need to computed as follows:

interest for four months=4/12*12%*61,200=$2448

8 0

3 years ago