What Is All The Hype Surrounding Lez Bankz All About?

The three main methods that can be used to achieve the efficient use of a common resource are:___________.

Simora [160]

Answer:

Option A:property rights, production quotas, and ITQs

Explanation:

A Common Resources is known simply as a resource for which rights are held in common by a group of individuals who has no exclusive ownership right. With common resources, property rights are not well-defined and are non-exclusive. In a common resource, an individual has the right to use the resource, but not to change its form or transfer it to other individuals. The policies that helps to improve efficiency include: production quotas, individual transferable quotas and property right.

Production quotas is simply an upper limit to the quantity of a good that may be produced legally.

An individual transferable quota is a production limit that is given to an individual who is free to transfer the quota to another person.

By the assignment of property rights, common property becomes private property.

5 0

3 years ago

Exercise 12-15B Direct: Computing cash flows LO P5 Case X: Compute cash received from customers: Sales $ 515,000 Accounts receiv

Gala2k [10]

Answer:

1. $508,600

2. $141,400

3. $481,500

Explanation:

Case X:

Cash Received From Customers:

= Sales + Opening Account Receivable - Closing Account Receivable

= 515,000 + 27,200 - 33,600

= $508,600

Case Y:

Cash Paid For Rent:

= Opening Rent Payable + Rent Expenses - Closing Rent Payable

= 7,800 + 139,800 - 6,200

= $141,400

Case Z:

Purchase = Cost of Goods Sold + Closing Inventory - Opening Inventory

= 525,000 + 130,400 - 158,600

= $496,800

Cash Paid For Merchandise:

= Opening Account Payable + Purchase - Closing Account Payable

= 66,700 + 496,800 - 82,000

= $481,500

5 0

3 years ago

The following income statement was produced when volume of sales was at 400 units. Sales Revenue $ 1,600 Variable Cost 700 Contr

lilavasa [31]

Answer:

If volume reaches 500 units, net income will be: $715

Explanation:

When volume of sales was at 400 units:

Selling price per unit = Sales Revenue/400 = $1,600/400 = $4

Variable Cost per unit = Variable Cost/400 = $700/400 = $1.75

If volume reaches 500 units:

Total Sales Revenue = $4 x 500 = $2,000

Variable Cost = $1.75 x 500 = $875

Fixed Cost will not change = $410

Net income = Total Sales Revenue - Variable Cost - Fixed Cost = $2,000 - $875 - $410 = $715

7 0

4 years ago

Turnbull Co. has a target capital structure of 58% debt, 6% preferred stock, and 36% common equity. It has a before-tax cost of

Amanda [17]

Answer:

0.75%

Explanation:

In the first place, the weighted average cost of capital is the average cost of finance a firm incurs on aggregate on all its sources of finance a shown by the formula below:

WACC=(weight of equity*cost of equity)+(weight of preferred stock*cost of preferred stock)+(weight of debt*before-tax cost of debt )*(1-tax rate)

Note only debt has tax impact deduction

tax rate=40%

WACC using retained earnings:

WACC=(36%*14.7%)+( 6%* 12.2%)+(58%* 11.1%)*(1-40%)

WACC=9.89%

WACC using new common equity:

cost of new common equity=16.8%

WACC=(36%*16.8%)+( 6%* 12.2%)+(58%* 11.1%)*(1-40%)

WACC=10.64%

increase in WACC=10.64%-9.89%

increase in WACC=0.75%

6 0

3 years ago

Shelley’s Salsa produces and sells organic salsa. Last year it sold 3 million tubs of salsa at a price of $3 per tub. For last y

Murrr4er [49]

Answer: Option B

Explanation:

A. Explicit cost are the cost paid to others in return of their service. Hence Option A is incorrect.

B. Revenue is the total amount of earnings a company have before deducting for expenses. Hence Option B is correct.

C. Accounting profit means (Revenue - explicit cost) . Hence Option C is incorrect.

D. Economic profit means (Revenue - explicit cost - implicit cost) . Hence Option D is incorrect.

6 0

4 years ago