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nadya68 [22]
3 years ago
8

Suppose Stan owns a piece of property with a large lake. Initially, Stan and his family were the only people who swam in the lak

e. Then Stan started selling tickets to people who wanted to go swimming in the lake. When Stan died, he left the lake and the land it was on to the state, stipulating that the lake be left open to the public for swimming. Due to the lake’s remote location, it was never crowded. After Stan died, the lake became a ______ good.
Business
1 answer:
prohojiy [21]3 years ago
3 0

Answer:

public

Explanation:

A public good is a good that is non excludable and non rivalrous.

An individual's access to the pool does not limit another person's access

Also, the pool is free, so it is non excludable

Before his death, the pool was a private good

A private good is a good that is excludable and rivalrous.

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If the supply curve and the demand curve for lettuce both shift to the left by an equal amount, what can we say about the result
kifflom [539]

Answer:

The equilibrium quantities of lettuce reduces and price remains the same.

Explanation:

In the attached image is the grapichal analysis of the reduction of demand and supply in the same proportion.

6 0
4 years ago
Which of the following is a firm's cash cycle?
Simora [160]

Answer:

he average length of time between when a firm pays cash to purchase its initial inventory and when it receives cash from the sale of the product produced from that inventory

Explanation:

A firm's cash cycle measure the time required for a company to go from cash paid (used in its operations) to cash received (as a result of operations)

It is an example of a liquidity ratio

Liquidity ratios measure the ability of a firm to meet its short term obligations

Cash cycle = days of inventory on hand + days of sales outstanding - number of days of payable

the shorter the cash cycle, the more liquid the firm is and the better for the firm

6 0
3 years ago
Toby has lost valuable data on his computer a number of times due to system crashes caused by viruses. He decides to invest in a
3241004551 [841]

Answer:

d. license

Explanation:

Software license -

It refers to the legal information , that claims for the usage of the particular softwares , is referred to as software license .

Using any software without the proper license , is an illegal practice .

All the software consists of a copyright protection , which disables the people from illegally copying or using the software .

Hence , from the given scenario of the question ,

The correct answer is d. license .

5 0
3 years ago
A customer of Landen Consulting Company makes a $400 payment of cash on a bill for services provided last month. Record this tra
Pavlova-9 [17]

Answer:

See answer below

Explanation:

In the books of Landen Consulting, the cash payment will be recorded as follows.

Debit Cash Account $400

Credit Account Receivables $400 (this would have been Revenue if the payment was made in the same month).

Since both accounts affected are assets account, the effect of the transaction on the accounting equation will be as follows.

Equity + Liabilities = Assets

Equity + Liabilities = Assets + Cash ($400) - Account Receivables ($400)

= Equity + Liabilities = Assets.

5 0
3 years ago
Former GVO marketing director, David Lieberman, tells a story about a new product idea proposed by a creative person. The idea w
Sati [7]

Answer:

The correct answer is C) behavioral barrier.

Explanation:

Organizational barriers can be any number of things that range from physical elements to individual and group attitudes. They don't have to be important elements. They can be as simple as an extended absence of employees or as important as the acquisition of an organization by a foreign government. They can even be perceptions that have no basis in reality. The key to identifying barriers and eliminating their constrictive effect is to carefully identify all aspects of them.

4 0
3 years ago
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