Answer: 1. Charities
2. Government action the only viable solution
Explanation:
Externalities are the resultant additional effects that are experienced by others as a result of actions by an economic agent who does not bear the extra aformentioned cost or benefit that their actions bring about.
1. Private Solutions to Externalities include any solution independent of the government.
The above Private Solution is Charities because it was a Non-profit Environmental Organization that dealt with the lobbying for the reduction to be acted upon by state agents. These types of organisations are usually Charities.
2. If it is shown that the potential gains are viewed to be quite high as in this case then negotiating with the polluters might not work. In this case Government Intervention is needed to force the polluters to adhere to rules and regulations.
A finance company that buys other companies' accounts receivable is known as a factor.
Accounts receivable can be defined as the sums owed by customers to a business, and accounts receivable turnover is a financial ratio that is determined by dividing net sales by accounts receivable. This sort of company acquires receivables for less than their face value.
- A factor is a brief, non-recourse loan obtained through the sale of accounts receivable to a third party.
- Consideration is given to all collection risks, including credit losses.
- Although it is used in other industries, the garment industry is where factoring is most prevalent.
- The two primary types of factoring are maturity factoring and discount factoring. Maturity factoring pays the client the purchase price of the factored accounts at maturity, whereas discount factoring pays a discounted price for receivables before they mature.
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Answer and Explanation:
The journal entries are shown below:
1. Cash $46,000
To Note payable $46,000
(Being the issuance of the note is recorded)
2. Interest expense ($46,000 × 6% × 2 months ÷ 12 months) $460
To interest payable $460
(Being the interest expense is recorded)
3. Note payable $46,000
Interest payable $460
Interest expense ($46,000 × 6% × 1 months ÷ 12 months ) $230
To cash $46,690
(Being the repayment of the note is recorded)
C <span>is used to apply for private loans</span>
Stocks pay interest to investors through the year. Bonds only pay interest at fixed time during the year.
