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Lina20 [59]
3 years ago
12

What kind of good is It? Determine whether each of the following goods is a private good, a public good, a common resource, or a

club good.
Private Good Public Good Common Resource Club Good
A cabana along beach that is open to the public
A new sUV that you use to drive your friends around town
A large, beautiful fountain in a town square
Business
1 answer:
blsea [12.9K]3 years ago
4 0

Answer: Please refer to Explanation

Explanation:

Private Goods are those goods that exclusive and excludable. This means that people can be prevented from using it by the owners if the people who want to use it don't pay for it or reach an agreement with the owner.

A Public Good on the other hand is provided to every member of the public for use. They are non-excludable meaning that people can use them without having to pay a fee.

Common Resources are a mixture of both man-made and natural resources. As such, even though it is open to the public, it's use can be restricted by certain requirements such as payment.

Classifying the above,

A. Common Resource.

The Cabana is a common Resource because it is open to all members of the public and is a man-made resource on the beach which is a public good. However, one must pay to use it as well.

B. Private Good.

The SUV is your own personal property and as such is a private good whose use you can restrict from people making it exclusive and excludable.

C. Public Good.

The fountain is for everyone and no one has more right to it than others. Neither do they have to pay to view it. This makes it a Public good.

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Describe at least three investments you want to make with your income. Explain whether each one is an equity investment or a deb
Eddi Din [679]

I would like to buy a car with the income I would make, it would be a equity investment. I chose this item because it would help me get to work and places on my owns. I would also like to buy or rent a house with my income, this would also be a equity investment, it would give me a place to live to a long-period of time. I would like to invest in a strong company would wants to help the good in the world, this is a debt investment, it would give a strong face to the world.

6 0
3 years ago
George borrows funds from Hometown Credit Union (HCU) to buy real property. George signs a written instrument that gives HCU an
LUCKY_DIMON [66]

Answer:

a mortgage.

Explanation:

A mortgage is a type of loan where real estate serves as collateral. Usually mortgages are used by people wanting to buy real estate since they can borrow larger amounts of money.

In order for the borrower to receive money form the bank, he/she signs a contract by which the bank has a rightful interest in the property. In case the borrower doesn't pay, the bank can foreclose the property.

6 0
3 years ago
IBM purchased MRO Software Inc. for $740 million. MRO was a niche provider of software and services to help customers including
Elza [17]

Answer:

acquisition

Explanation:

Since in the question it is mentioned that IBM buy MRO software Inc for $740 million where the MRO is a niche provider that help the customers. While on the other hand the IBM plans to fold MRO into the unit of software

So, this is an example of the acquisition as IBM buy the MRO software

hence, the same is to be considered

6 0
3 years ago
In a recent year Sunland Company had net income of $360000, interest expense of $72000, and a times interest earned of 10. What
Otrada [13]

Answer:

$648,000

Explanation:

Given that;

Net income = $360,000

Interest expense = $72,000

Times interest earned = 10

Net Income + Interest expense + Tax expense ÷ Interest expense = Times interest earned.

($360,000 + $72,000 + Tax expense) /$72,000 = 10

Tax expense = $288,000

Therefore;

Sunderland's income before taxes for the year

= Net income + Tax expense

= $360,000 + $288,000

= $648,000

4 0
3 years ago
The custodian of a $450 petty cash fund discovers that the fund has $65 in coins and currency plus $382 in receipts at the end o
Mandarinka [93]

The entry to replenish the petty cash fund will include a credit to cash for $385.

What is petty cash fund?

When regular purchasing techniques are impractical, such as when buying office supplies or paying employees, a tiny sum of money called petty cash is utilized instead.

The entry to replenish the petty cash fund amount will include:

Fund amount : $450 - Used

Fund amount  :$450 - $382 = 68

cash on hand - remaining ; $68 - $65 = $3

Used + remaining ; $382 + $65 = 385

As a result, a credit to cash for $385.

Learn more about on petty cash fund, here:

brainly.com/question/23864192

#SPJ1

8 0
1 year ago
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