Answer:
A residential property is greatly diminished in value because of the constant noise of jets taking off from a recently expanded municipal airport. In order to be compensated for this loss, the owner could:
B.bring a suit alleging inverse condemnation
Explanation:
A law suit is a claim or legal problem taken to a court of law by an individual or organization rather than the authorities for a legal decision to be made. In the case above, the residential property diminished in value after constant noise of jets taking off from a recently expanded municipal airport. The loss in value is as a result of the recently expanded municipal airport and the property owner wants to be compensated for this loss.
In law, there are different terminologies and phrases that have specific meaning, some of them are as follows;
1. Inverse condemnation
Inverse condemnation is a case where a government entity takes private property or influences the value of that private property in one way or another then fails to compensate. In our case, this law suit can apply since the municipal airport is under the jurisdiction of the government and there action of expanding the airport caused a decline in value of neighboring residential property thus they should compensate the owner for this loss. The owner can bring a suit alleging inverse compensation.
Answer: Given the options of either extracting now, or extracting in future when gas prices would be higher, extraction in the future is the better option.
Explanation: Since projections have shown that the demand for natural gas will increase in the future, leading to a higher price for the resource, it will make more economic sense to delay or limit extraction now and extract more in the future when the price would have been higher.
By doing so, the revenue gotten will increase and Gas company will by that time control a major market share.
Expensive cost affected market out put decision
Answer:
$0.43
Explanation:
Equivalent Units
Labor
% Completion Units
Units Completed and Transferred out 100% 109,500
Ending Work in Process 25% <u>11,800 </u>
Total Equivalent units <u>121,300 </u>
<u />
Particulars Amount
Beginning work in Process 10,700
Cost Added during May <u>42,000</u>
Total cost added during the year <u>$52,700</u>
<u />
Cost per Equivalent unit = Total cost added during the year / Total Equivalent units
Cost per Equivalent unit = $52,700 / 121,300 units
Cost per Equivalent unit = 0.43446002
Cost per Equivalent unit = $0.43
