Complete Question:
You find out that your aunt works for a defense manufactuing compnay that has several defense contracts with the government. she tells you that she works for a team that is producing a communications satellite. what kind of good is that; individual, merit, or public good?
Answer:
Public Good
Explanation:
It is public good as the contracts that the company has with the government is because that the government wants to invest in it as it is in the best interest of its people.
The central role of the government in any country is to bring prosperity and this is done by investing in infrastructure and meeting the expectations of its people by investing in different areas which includes defense, communication, transport, infrastucture development, education, health, etc. What we conculded is that the contract formed with the defense manufacturing company will be in the best interest of the people who have elected the government.
The company might be providing communication facilities associated with security to the natives which the government desires to achieve by contracting Defense Manufacturing company. So contract of the government with the defense manufacturing company is in the public good.
Based on the costs described and the operating profit, the depreciation expense was <u>$330,000</u>
<h3>Depreciation expense</h3>
- Is an expense owning to fixed assets losing value.
- Is deducted from the Sales revenue.
You can find the depreciation expense as:
Operating income = Sales - Cost of goods sold - Admin expenses - Depreciation
150,000 = 750,000 - 200,000 - 70,000 - Depreciation
Depreciation = 750,000 - 200,000 - 70,000 - 150,000
= $330,000
In conclusion, depreciation was $330,000.
Find out more about depreciation at brainly.com/question/23057744.
I would say that wedgemans is trying to meet employees needs for development of their knowledge and for in this case the privilege of going to learn about the types of cheeses and perhaps their making in another country which is an additional benefit and which will most likely encourage the employees to work more effectively and with more interest in their work.
Given the circumstances mentioned by Juul's behavior, the framing bias would be the bias used in this decision-making process.
<h3>What is a bias in decision-making?</h3>
This phrase is used to explain the kind of bias that individuals would have to exhibit on how they would take in information and how they would be able to develop opinions.
Framing bias is a kind of prejudice that has to do with the bias that results from how circumstances are presented and are often not created by the facts that are given in situations.
To learn more about decision-making bias.
brainly.com/question/3078929
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Answer:
There are at least 2 opportunity costs associated with of letting your colleague have another month:
- if you invested in the oil-well venture, you could have earned $5,100 x 36% = $1,836 in one year
- if you invested in the new IT stock, you could have earned $5,100 x 48% = $2,448 in one year
You could invest in one of these options, or divide your money and invest in both options, e.g. invest $2,000 in the oil company and $3,000 in the IT company. Each different investment proportion results in a different opportunity cost.
Explanation:
Opportunity costs are the benefits lost or extra costs associated to carrying out an investment or activity instead of another alternative. Sometimes you might have several opportunity costs for one investment, e.g. invest in the IT company which is risky, invest in corporate bonds which is less risky or invest in US securities which is a safe investment.
