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deff fn [24]
3 years ago
5

Why are high seas fisheries classified as common pool resources? Select one: a. It is possible to exclude a person from the high

seas and when one person catches a fish another can’t. b. High seas fisheries are not common pool resources c. The entire globe has access to high seas fisheries d. There is no way to exclude a person from the high seas and when one person catches a fish another can’t.
Business
1 answer:
frez [133]3 years ago
7 0

Answer:

Letter D is correct!

Explanation:

The letter D is correct because deep sea fishing is a resource that thousands of people have access to and even depend on for their survival. What fits this activity as a commonly owned resource 1, which are natural or artificial activities where the ability to exclude users is not remote. This becomes a problem as there are no resource constraints for each user, ie in the case of deep sea fishing, when a user fishes a fish, it is not available for the other to fish, which would lead to conflicts between management of such activities, so it is necessary to classify as a private activity and then allocate policies to adapt better management to all users.

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McNulty, Inc., produces desks and chairs. A new CFO has just been hired and announces a new policy that if a product cannot earn
Sergeeva-Olga [200]

Answer and Explanation:

a. The profit margin for both chairs & decks is

But before that following calculations need to be done

Particulars           Chairs              Decks

Sales revenue  $1,046,500     $1,950,000

Less:

Direct material   $585,000      $810,000

Direct labor        $130,000       $300,000

overhead             $195,000      $450,000

                     ($645,000 × $130,000 ÷ $430,000)  

Gross profit         $136,500     $390,000

Now the profit margin is

For chairs

= $136,500 ÷ ($585,000 + $130,000 + $195,000)

= 15%

ANd, for decks

= $390,000 ÷ ($810,000 + $300,000 + $450,000)

= 25%

a-2. based on the profit margin, the chairs should be dropped  

6 0
3 years ago
On October 25, 1989, Mina Loy sent a letter to Carl Van Vechten which said, "I hereby offer to hire you to paint my house for $4
Sindrei [870]

<u>Answer: </u>Option B

<u>Explanation:</u>

There is no acceptance and no contract in this case. Mina Loy's written offer letter states clearly that the acceptance has to be made through first class mail. The terms of the offer were not fulfilled by Carl Van Vechten as he did not perform the acceptance as per the condition mentioned in the offer.

As there is no valid contract the parties to the contract that is Mina Loy and Carl Vechten are not obliged to perform their obligations as promised.

3 0
3 years ago
Bellows Company uses the allowance method to account for uncollectible accounts. After making a concerted effort, Bellows’ manag
MatroZZZ [7]

Answer:

Db Allowance for Doubtful Accounts_1200

Cr to Accounts Receivable_____________1200

Explanation:

When a specific customer's account is identified as uncollectible, the journal entry to write off the account is:

A debit to Allowance for Doubtful Accounts (to reduce the Allowance balance that was previously established)

A credit to Accounts Receivable (to remove the amount that will not be collected)

7 0
3 years ago
Financial statement data at December 31 for Ecco Company are shown below. Cost of merchandise sold $552,500 Inventories: Beginni
Lostsunrise [7]

Answer:

Inventory turnover= 3.25

Explanation:

Giving the following information:

Cost of merchandise sold $552,500

Inventories:

Beginning of year 200,000

End of year 140,000

<u>To calculate the inventory turnover, we need to use the following formula:</u>

Inventory turnover= Cost of goods sold/ average inventory

Average inventory= (beginning inventory + ending inventory) / 2

Average inventory= (200,000 + 140,000)/2= 170,000

Inventory turnover= 552,500/170,000

Inventory turnover= 3.25

3 0
3 years ago
Your company’s human resource manager is away from the office serving in the National Guard, and you have four open positions to
Papessa [141]

Answer: An assessment center

Explanation:

The tests that should be chosen to determine how applicants handle complex situations that mimic events they would encounter on the job is the assessment center.

An assessment centre is used by different organizations so as to know how suitable candidates are for a particular position in the company.

The candidates perform different exercises, group work, interviews, presentation etc in order to make the employers know if they fit the role.

7 0
3 years ago
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