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3 years ago

The presence of pollution in the dry cleaning industry leads in the long run to dynamic inefficiencies because:

Business

1 answer:

erica [24]3 years ago

5 0

Answer:

D) firms whose average private cost is less than price will stay in (or enter) the dry cleaning

industry even though their average social cost exceeds price.

Explanation:

When there is pollution as a result of the daily business, then it involves a huge social cost, as you cause harm to public.

But company's do not consider it in making the decision for business, as it generally do not impact the business in financial matters.

As even if the average cost is less then revenue the profit will be there to run the business.

But till the moment the financial impact is not strong of the social cost the pollution will not affect.

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On January 1, 2022, Skysong, Inc. purchased equipment for $44280. The company is depreciating the equipment at the rate of $620

Svetllana [295]

On December 31, 2022, the book value of the equipment comes out to be $36,840 with monthly depreciation of $620.

Option D is the correct answer.

<h3>What is meant by depreciation?</h3>

Depreciation is a method that applies to tangible fixed assets where the fall in the value of an asset has been recorded.

Given values:

The purchase cost of equipment: $44,280

Monthly depreciation: $620

<u>Step-1</u> Computation of annual depreciation charges:

$\rm\ Annual \rm\ depreciation=\rm\ Monthly \rm\ depreciation \times \rm\ Number \rm\ of \rm\ months \rm\ in \rm\ a \rm\ year\\\rm\ Annual \rm\ depreciation=\$620 \times\ 12\\\rm\ Annual \rm\ depreciation=\$7,440$

<u>Step-2</u> Computation of book value of the equipment at the year-end:

$\rm\ Equipment's \rm\ Book \rm\ value=\rm\ Purchase \rm\ Cost \rm\ of \rm\ Equipment-\rm\ Annual \rm\ Depreciation \\\rm\ Equipment's \rm\ Book \rm\ value=\$44,280-\$7,440\\\rm\ Equipment's \rm\ Book \rm\ value=\$36,840$

Therefore, when the company purchases equipment at $44,280 with annual depreciation is $7,440, then the equipment's book value comes out to be $36,840 at the year-end.

Learn more about the depreciation in the related link:

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2 years ago

Which of the following is not a fee that contributes to the initial cost of leasing a car? a. First payment b. Final payment c.

Darya [45]

The final payment is <u><em>not </em></u>a fee that contributes to the original cost of leasing an automobile, option B is the correct answer.

<h3 /><h3>How is leasing charged?</h3>

The first payment is, predictably, the same as one month's rent.

A lender or lessor will impose an acquisition fee to offset the costs of establishing a loan or lease agreement.

A disposition fee, sometimes known as a turn-in fee, is a cost associated with returning a rented vehicle.

Therefore, final payment doesn't contribute to leasing a car.

For more information about leasing, refer below

brainly.com/question/1059164

6 0

2 years ago

Read 2 more answers

Pure monopoly refers to Multiple Choice any market in which the demand curve for the firm is downsloping. a standardized product

skelet666 [1.2K]

Answer:

a single firm producing a product for which there are no close substitutes.

Explanation:

A pure monopoly is a single supplier having a market or industry i.e. defined. The firm should be considered as an industry also in this there is no competitor or any subsitution existed. It can be arise at the time when the market share of the one firm is more than 90%

So as per the given situation, the above represent the answer

5 0

2 years ago

Which is the correct order of the following steps in the accounting cycle? Prepare financial statements, journalize and post adj

murzikaleks [220]

Answer:

Explanation:

Prepare a post-closing trial balance.Step 9

Prepare an adjusted trial balance.Step 6

Analyze business transactions.Step 1

Prepare a trial balance.Step 4

Journalize the transactions.Step 2

Journalize and post closing entries.Step 8

Prepare financial statements.Step 7

Journalize and post adjusting entries.Step 5

Post to ledger accounts.Step 3

3 0

3 years ago

Mitch, a single tax-payer, earns $100,000 in taxable income and $10,000 in interest from an investment in city of Birmingham Bon

goldfiish [28.3K]

Answer:

E) None of the choices are correct.

<em>As we given an option with two decimals which are different from the calculated amount we should take it as incorrect. </em>

Explanation:

The municipal bonds are tax free. Therfore, not included.

We will calcuatae based on 2019 income tax brackets for single-taxers

between $82,501 to $157,500 the amount is $14,089.50 + 24% of the amount over 78,950

100,000 - 82,501 = 17,499

17,499 x 24% = 4,199.76

14,089.50 + 4,199.76 =<em> 18.289,26‬</em>

3 0

3 years ago