Maria involved with tragedy of the commons phenomenon.
The required details for tragedy of the commons in given paragraph
In economics, the tragedy of the commons is a scenario wherein man or woman users, who've open get right of entry to to a useful resource unhampered with the aid of using shared social systems or formal guidelines that govern get right of entry to and use, act independently in step with their personal self-interest and, opposite to the not precise of all users, reason depletion of the useful resource via their uncoordinated action. The idea originated in an essay written in 1833 with the aid of using the British economist William Forster Lloyd, who used a hypothetical instance of the results of unregulated grazing on not land in Great Britain and Ireland. The idea have become broadly referred to as the "tragedy of the commons" over a century later after a piece of writing written with the aid of using Garrett Hardin in 1968. Faced with proof of ancient and present commons, Hardin later retracted his authentic thesis, mentioning that the name must have been "The Tragedy of the Unmanaged Commons".
Although taken as a hypothetical instance with the aid of using Lloyd, the ancient death of the commons of Britain and Europe resulted now no longer from misuse of long-held rights of utilization with the aid of using the commoners, however from the commons' owners enclosing and appropriating the land, abrogating the commoners' rights.
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A person who purchases his/her own policy can exclude the benefits from gross income. It's also good to note tat statutory limitations exist for the following amounts:
Benefits that have been collected under the employer's plan
Premiums that have been paid by the employer
benefits that have been collected from the individuals' policy. Therefore the amount Valentino may exclude will be calculated as follows;
Daily statutory amount in 2017 (360*45) $16200
Actual cost of care $13500 $16200
Less: Amount received from Medicare ($8000)
Equal amount of exclusion ($8200)
Thus:
Valentino must include (15000-8200)=$6800 of the long-term care benefits received in his gross income.
Answer:
Cash flow from operating activities = $1,000
Explanation:
Statement of Cash flow
<u>Cash from Operating activities</u>
Net Income $3,000
+ Depreciation $2,000
+ Loss from sales of PPE $1,000
<u><em>Adjustment on Working capital</em></u>
Increase in accounts receivables -$4,000
(1,000 - 5,000)
Decrease in Inventory $1,000
(5,000 - 4,000)
Decrease in Account payable -$1,000
(4,000 - 5,000)
Decrease in unearned revenue <u>-$1,000</u>
(1,000 - 2,000)
Cash flow from operating activities <u>$1,000</u>
Answer:
The correct answer is: implement and evaluate the chosen solution.
Explanation:
Companies generally use different strategies to make decisions to obtain the best benefits. For example, companies often use the rational decision-making process to focus on analysis and logic, leaving subjectivity aside.
Through this method, different steps of the decision-making method are followed to achieve the objectives proposed objectively.
<em>For example, in the fourth step, the chosen solution must be implemented and evaluated, the managers are in charge of analyzing and executing the action plan</em>, in this way they evaluate each result obtained to know if the actions taken are the best and are reaching their goals.
<em>I hope this information can help you.</em>
Answer:
$196,000
Explanation:
Given that,
Direct materials, = $7 per unit,
Direct labor, = $5 per unit,
Variable overhead, = $6 per unit
Fixed overhead = $350,000
Total variable cost per unit:
= Direct Material per unit cost + Direct Labor per unit cost + Variable Overhead per unit cost
= $7 + $5 + $6
= $18
Fixed cost overhead rate per unit:
= Fixed overhead ÷ Units produced
= $350,000 ÷ 35,000
= $10
Cost per unit as per Absorption costing:
= Fixed cost overhead rate per unit + Total variable cost per unit
= $10 + $18
= $28
Value of Ending Inventory:
= units in inventory at year-end × Cost per unit
= 7,000 × $28
= $196,000
