Answer:
a) An addition to the cash balance according to the bank statement. (4)
b) Deduction from the cash balance according to the bank statement. (3)
c) An addition to the cash balance according to the company's records. (1)
d) A deduction from the cash balance according to the company's records. (2), (5), (6).
Explanation:
1. Company has understated its cash balance by recording a credit amount of $960 instead of $690, so add the Balance to Cash Account.
2. Company has overstated its cash balance by recording a credit amount of $240 instead of $420, so deduct the Balance from Cash Account.
3. Company has recorded a Payment but Bank hasn't yet updated its records. So, deduct from Bank Account.
4. Company has recorded a Deposit but Bank hasn't yet updated its records. So, Add to Bank Account.
5. Bank Service Charges are deducted from Cash Account maintained by Company.
5. Company has recorded a collection from customer in its accounts. When the check was sent to Bank, the banking authority found that the balance in the customer account is not sufficient and declared the check as "NSF". So, deduct it from Cash Account maintained by Company to reconcile.
Answer:
Yes
Explanation:
The damages can be recovered as Jerome and Gary hung the playground swing improperly. A child was injured due to their negligent actions. The case will be on Meadowbrook Playground and not on the individual person who has committed the mistake. According to law, the damages can be recovered as the enterprise owned the whole property, and due to their carelessness in the installation of swing, the accident took place. The child's parent has every right to recover damages from the playground owner.
The answer to your question is yes, TRUE.
Answer:
Given marginal costs and benefit
for firm A: MC=150+3Q
for firm B: MC=10+9Q
Marginal Benefit: MB=250-4Q
Socially optimal level of each firms pollution reduction
MC=MB
150+3Q=250-4Q
7Q=100
Q=14.3
for firm B
10+9Q = 250-4Q
13Q=240
Q=18.5
HERE THE THREE SCENARIOS
1) iF BOTH FIRMS ARE REQUIRED TO REDUCE POLLUTION BY THE SAME AMOUNT THEN
Total surplus is equal to total benefit minus total cost. The total benefit is equal to the area under the marginal benefit curve
The same total reduction could be achieved by requiring each firm to reduce pollution by 25.6 units. This would be less efficient than the social optimum since it would be less costly for firm B to reduce pollution by more and for firm A to reduce pollution by less
2)A common tax could be used to achieve the social optimum. Setting a tax of 250-4Q would lead firm A (respectively, B) to reduce pollution to the point where MC A = 250-4Q (respectively MC B = 250-4Q). Solving gives Q A = 14.3 and Q B = 18.5
3)POLLUTION PERMITS LEADS TO PROBLEM OF INTERNALIZATION
Requiring both firms to reduce pollution by 25.6 units but allowing them to trade pollution permits can also be used to achieve the social optimum.
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