Answer:
The correct answer is d) other than the ones who consumed the product.
Explanation:
An external benefit happens when producing or consuming a good or service, causes a benefit to a third party or person.
For example:
When a constructor builds a new block of apartments, the developer should build access roads to the new construction. The external benefit appears when these roads can be used by the residents of other buildings and the neighbors.
Answer:
labor
Explanation:
There are four factors of production; land, labor, capital and entrepreneurship:
- William is the entrepreneur,
- Capital accounts for the helicopters, facilities and the advertisement.
- Land in this case is the plot of land where the business will be located.
- But who will fly the helicopters and perform maintenance operations? Who will sell the tours and perform administrative tasks? William will not fly the 5 helicopters himself, perform maintenance operations and sell the tours.
Answer:
The cost of the equipment when it was acquired on January 1, 2011 is $10000
Explanation:
10000÷5=2000
2000*10=20000
20000 80%
X 100% X=25000
25000*20%= 5000 25000-20000=20000
2011 2000
2012 2000
2013 2000
2014 2000
2015 2000 10000
Answer:
d. $5,400
Explanation:
The computation of the interest expense is shown below:
As
Interest Expense is
= $50,000 × 10%
= $5,000
And,
Amortization Expense is
= ($50,000 - $46,000) ÷ 10 years
= $400
So,
Total Bond Interest Expense is
= Interest expense + amortization expense
= $5,000 + $400
= $5,400
We simply added the interest expense and the amortization expense so that the total bond interest expense could come
