Answer:
The efficient level of security is 4 hours of security.
The equilibrium may not be sustainable.
Explanation:
In order to calculate the efficient level of security we would Set MB=MC i.e. guard's wage for net benefit maximization.
Hence, 100/(1+S)=20
20*(1+S)=10
1+S=5
S=4
Therefore, 4 hours of security is needed
. The efficient level of security is 4 hours of security.
In the followig case Security guards is public good in this case, Public good is non-excludable and non-rivalrous. People cannot be stopped from using it without paying for it. Payment for security guard is voluntary. So, equilibrium may not be sustainable.
Answer
A= Net operating loss = (924800)
B= Net operating profit = $9000
Explanation: A B
(Poinsettia) (Fruit tree)
$ $
Sales =970000 ; = 3100000
less: Variable cost of goods sold = (<u>460000</u>) ; =(<u>1630000</u>)
Gross contribution margin 510000 ; 1470000
Less: <u>Selling expense (4% o sales)</u>
A (970000*4%)
B(310000 *4%) ( <u>38800</u>) ; ( <u>124000</u>)
Contribution margin 471200 ; 1346000
Less: Fixed overheads <u> (800000</u>) ; <u> (800000)</u>
(328800) ; 546000
less: Fixed Selling & admin expense <u>(146000)</u> ; <u> (87000) </u>
(474800) ; (459000)
Less: Common selling and admin expense (<u>450000) </u> ; (<u>450000)</u>
Net operating income /( loss) (924800) ; 9000
Answer:
b. False
Explanation:
The product liability law is weak in developing countries due to its improper implementation while in many countries the law has not been implemented. the customers are not aware about the law and also government efforts does not meet the actual need of the law.
Answer:
Date - December 14, 2020
Debit : Dividend $16,000
Credit : Shareholders for dividends $16,000
Date - January 16, 2021
Debit : Shareholders for dividends $16,000
Credit : Cash $16,000
Date - December 12, 2021
Debit : Dividend $62,000
Credit : Shareholders for dividends $62,000
January 15, 2022
Debit : Shareholders for dividends $62,000
Credit : Cash $62,000
Explanation:
Dividends are initially declared before they are paid to the respective shareholders. So it is important to first record the journal at the <em>declaration date</em> of the dividend, then the <em>payment date</em> of the dividend as shown above.
