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3 years ago

If a good's production process results in pollution and the government taxes producers to pay for cleanup costs, then :______

Business

1 answer:

Lapatulllka [165]3 years ago

8 0

Answer:

c. supply will decrease.

Explanation:

If a good's production process results in pollution and the government taxes producers to pay for cleanup costs, then supply will decrease.

Generally, when consumers of a particular product notices that the product has an adverse effect on the environment (pollution) or it is a product that causes environmental degradation, they are most likely to stop demanding or buying such products. Consequently, as the demand for such goods falls or decreases; there would be a fall in the supply of such goods. This is so because the demand for goods and services is directly proportional to the amount of quantity supplied.

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The balance sheet of Concord Company at December 31, 2016, includes the following.

Stella [2.4K]

Answer and Explanation:

The Journal Entry is shown below:-

1. Cash Dr, $138,526

Discount on sales Dr, $1,974

$65,800 × 3%

To account receivable $140,500

(Being cash received on accounts receivable is recorded)

2. Accounts receivable Dr, $5,500

To Allowance for doubtful debts $5,500

{Being cash received against accounts receivable written off is recorded)

3. Allowance for doubtful debts Dr, $20,600

To Accounts receivable $20,600

(Being accounts receivable written off is recorded)

4. Bad debts Dr, $17,800

To Allowance for doubtful debts $17,800

(Being Allowance for doubtful debts created for bad debts is recorded)

Working Note for 4th entry

Allowance for doubtful debts

Particulars Amount Particulars Amount

To accounts receivable $20,600 By balance b/d 20,400

By account receivable $5500

to balance $23,100 By bad debts $17,800

Total $43,700 Total $43,700

5 0

4 years ago

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AleksAgata [21]

Answer:

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7 0

3 years ago

Read 2 more answers

Each of the following describes a not for profit activity (hobby) except?

g100num [7]

Answer:

A Mary Kay consultant who deducts travel expenses and whose small customer base was mostly relatives who lived out of town.

Explanation:

A not for profit activity (or hobby) is something that you do simply because you like to do it and generally you should not make a profit from doing it.

A Mary Kay consultant is actually a salesperson whose job is to sell Mary Kay products. Whether she is able to make a profit or not is something different, but selling Mary Kay is actually considered work. Since they are independent consultants, they are considered independent contractors that must file their income taxes.

4 0

3 years ago

These are selected account balances on December 31, 2015. Land (location of the office building) $100,000 Land (held for future

lara31 [8.8K]

Answer:

$1,125,000

Explanation:

The total amount of property, plant, and equipment will appear under the Non-Current Assets section of the Balance Sheet. Thus prepare the Non Current Asset Section as follows :

Non Current Asset Section

Land $100,000

Land held for future use $150,000

Office Building $700,000

Equipment $450,000

Office Furniture $150,000

Accumulated Depreciation ($425,000)

Total $1,125,000

7 0

3 years ago

Amelia has made a conscious effort to become an active listener. She shuts down her computer, turns off her cell phone, and asks

7nadin3 [17]

Answer:

Controlling her surroundings.

Explanation:

There are various techniques that can help an individual improve listening. One of such techniques involves controlling your surroundings.

To do this, you have to first <u>identify sources of potential distractions to you, in your immediate surroundings and remove them</u>. This improves the ability to listen actively.

6 0

4 years ago