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irina1246 [14]
3 years ago
6

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 stationary bike in a fitness room that is open to the public A large, beautiful clock in a town square A new drum set for you to play in your friend's band
Business
1 answer:
cupoosta [38]3 years ago
5 0

Answer:

Common Resource

public good

private good

Explanation:

A club good is a type of public good. It is excludable but non-rivalrous. For example paid streaming services are an example of a club good. Those who do not subscribe are excluded from using the service. But all subscribers have equal assess to the service

A public good is a good that is non excludable and non rivalrous. Everyone has assess to the statue and because one person is enjoying the view of the clock does not means another person cannot enjoy the view of the clock

A private good is a good that is excludable and rivalrous. They are usually exchanged in the market by private sector businesses. It is only you who purchased the drum set and those you allow that can use the drum set.

A common resource is a good that is non excludable but rivalrous. The bike in the fitness room is an example. Because the gym is open to anyone, it is non excludable. Only one person can use it at a time, thus it is rivalrous

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Answer:

1. On the statement of cash flow record the sale of the asset under the investment section.

2. -$16,000

Explanation:

In Cash flow Statements every asset purchases and sales are viewed as investments, so you record asset sales in the investment section of the cash flow.

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4 years ago
Which terms will make the following statement true? When manufacturing overhead is overapplied, the Manufacturing Overhead accou
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Answer:

Answer is a) debit, actual

Manufacturing Overhead account has a debit balance and applied manufacturing overhead is greater than the actual manufacturing overhead

Explanation:

Overheads are applied to product costs using budgeted overhead rates. Budgeted rates are used because the delays in obtaining actual overhead affects timeous product valuation for profit purposes

Over applied situation occurs when the applied overheads exceeds the actual manufacturing overhead.

<em>The Manufacturing Overhead Account will have the following entries:</em>

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3 years ago
Why do economic growth rates​ matter?
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A is the answer

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The following information is available for the first year of operations of Creston Inc., a manufacturer of fabricating equipment
zysi [14]

Answer:

(a) $921,100

(b) $643,500

(c) $567,700

Explanation:

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= $921,100

(b) Direct Material Cost:

= Materials purchased - Indirect materials - Materials inventory

= $643,500 - $46,700 - $46,700

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Answer:

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To consider, that middlemen, that will provide maximum cooperation for marketing products or who gives the highest priority to the canal that generates the maximum overall sales at lower costs, as well as the fourth factor is a business where the size of the company determines the market size, the size, as well as its ability to cooperate with intermediaries.

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