Answer:
b. Public good
c. Private good
d. Public good
Explanation:
Private goods are those kind of goods, which has the characteristics of rivalrous as well as excludability.
Club goods are those kind of goods which are excludable but are not rival.
Common resources are those kinds of goods which are not excludable but are rival in nature.
Public goods are those goods which are for the public to use.
So, classifying the above points into the same as:
b. Cabana which is near a beach, is open for public - It is a public good as it is open for public.
c. BMW, which the person use to drive his or her friends - It is a private good, as the person purchased himself, so its the person choice to ride his or her friends.
d. Fountain in a park - Park is made for the public and fountain in the park is for public as well.
Answer:
The net realizable value of accounts receivable immediately after the write-off is $33,400
Explanation:
Net realizable value of accounts receivable is the Amount that the Company expects to receive from its Account Receivables after accounting for Debts Written Off and Allowances for Doubtful debts
<u>Net realizable value of accounts receivable:</u>
Accounts Receivable $37,000
<em>Less</em> Uncollectible accounts written-off ($800)
<em>Less</em> Allowance for Doubtful Accounts ($2,800)
Net realizable value of accounts receivable $33,400
Answer:
Computation of contribution to retirement fund
Annual payment that the investor wants to receive after retirement = 13000
Number of years after retirement = 15
Interest rate = 0.11
Value of the fund at 12th year (Use Present Value Formula) = -93,481.30
Years remaining to retirement = 10
Interest rate = 0.09
Annual contribution upto retirement (Use PMT Formula) = -14,566.27
Answer:
The journal entry to record issuance of the bond would be:
Debit : Cash $382,942.
Credit : Bonds Payable $382,942.
Explanation:
At Issuance of Bonds, we recognize the Cash Asset and the Liability Bond Payable at the Issue Price of the Bond instead of Face Value.
The Issue Price is also known as the Present Value or Current Price of the Bond and for this question this was given as $382,942.
Answer: d. and checking accounts are all stores of value, but only checking accounts commonly function as mediums of exchange
Explanation:
Checking accounts : Is a type of account operated with a financial institution that allows the customer to deposit and also make withdrawals. It is also knowns as transactional accounts. In running a checking account, account owners can have access to their money using debit cards, and the use of cheque.
•What makes checking account different from other types of bank account is that it allows the owner to make numerous withdrawals and there is also no limit to deposits.
Stock: Is an investment owned by an individual or groups through the purchase of shares from a company, it could also be a certificate issued to indicate ownership of shares in an organization.
•It is a a way of investing for an investor because as the stock grows the money also grows and also a means of raising money for an organization.
Bonds: Are issued by an organization in other to raise capital, they are securities with fixed income. The bond holder lends money to the bond issuer and the money is paid back at a fixed payment rate within a period.