Ask question

Ask question

All categories

2 years ago

12

Suppose external benefits are present in a market which results in the actual market price of $14 and market output of 150 units

. How does this outcome compare to the efficient

1 answer:

9966 [12]2 years ago

5 0

Answer:

The efficient outcome would be greater than 150 units.

You might be interested in

What is a companys obligation to contribute to the sustainability of natural resources

FrozenT [24]

Answer:

Companies have a corporate social responsibility towards their environment.

Explanation:

Corporate social responsibility implies that companies are expected to engage in industrial practices that would not result in harm to their environment. For example, the amount of carbon being released into the environment must be controlled as excessive release of carbon can be detrimental to health. It is also not right for waste to be discharged into the oceans because the health of the sea animals, the ocean itself and those who swim in it are at risk.

To promote sustainability, companies avoid practices that would eventually harm their environment. Abiding by these practices might take a longer route, but is eventually cost effective and beneficial.

8 0

2 years ago

Is used to record and accumulate all the costs assigned to a specific job.

Mashutka [201]

The Correct Answer is Option D. (Job-Cost record)

6 0

2 years ago

Jackie has been offered positions by two cable companies. the first company pays a salary of $14,000 plus a commission of $100 f

masha68 [24]

The correct answer is 80 cable packages.

The following equation will solve this problem, where x equals the number of cable packages.

14,000 + 100x = 20,000 + 25x

First, subtract 25x from both sides:

14,000 + 75x = 20,000

Next, subtract 14,000 from both sides;

75x = 6,000

Finally, divide both sides by 75.

X = 80

Therefore, the answer is 80 cable packages.

3 0

2 years ago

Read 2 more answers

A machine with a cost of $162,000, current year depreciation expense of $25,000 and accumulated depreciation of $101,000 is sold

sammy [17]

Answer:

Amount reported in operating activities = $33,200

Explanation:

Given:

Cost of machine = $162,000

Accumulated depreciation = $101,000

Sales price = $52,800

Current year depreciation = $25,000

Computation:

Particular Amount

Cost of machine $162,000

<u>Less:</u><u> Accumulated depreciation $101,000</u>

<u>Book value of machine $61,000 </u>

Loss on sale[$61,000-$52,800 ] $8200

Amount reported in operating activities = Current year depreciation + Loss on sale

Amount reported in operating activities = $25,000 + $8200

Amount reported in operating activities = $33,200

5 0

2 years ago

Clemmens Company applies overhead based on direct labor cost. Estimated overhead and direct labor costs for the year were $118,5

Svetach [21]

Answer:

Explanation:

For passing the journal entry, first, we have to compute the predetermined overhead rate to know that whether the overhead is under applied or over applied.

Predetermine overhead rate = Estimated overhead cost ÷ direct labor cost

= $118,500 ÷ $125,600

=0.94

Now, we can compute the under applied or over applied overhead which is shown below:

= Actual direct labor cost × Pre determined overhead rate - actual overhead

= $115,800 × 0.94 - $108,000

= $108,852 - $108,000

= $852

Since the amount is in positive, so it is over applied overhead and the journal entry is given below:

Manufacturing overhead A/c Dr $852

To Cost of goods sold $852

(Being over applied overhead closed)

3 0

2 years ago