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STALIN [3.7K]
2 years ago
12

Assume that locating a cement factory in the middle of Boston would save the producer $5 million at a public expense, in polluti

on and traffic noise, of $20 for each of 500,000 Boston residents. 1. What is the minimum amount that Boston residents would have to pay to stop the plant from being built if the owner has a legal right to build
Business
1 answer:
never [62]2 years ago
7 0

Answer:

$5 million

Explanation:

If we follow the Coase Theorem, the appropriate solution to this case should be obtained regardless of initial rights. In this case, the factory saves $5 million to the producer, but it costs $10 million to Boston residents. if Boston residents pay $5 million or more to the factory owner, then both would benefit. Boston residents will gain $10 - $5 = $5 million, as well as the factory owner.

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What is your idea of success?
horsena [70]

<u>the accomplishment of one's goals and hard work .</u>

5 0
3 years ago
Read 2 more answers
A company borrowed $10,000 from the bank at 5% interest. The loan has been outstanding for 45 days. Demonstrate the required adj
valkas [14]

Answer:

The required adjusting entry would be to debit the Interest expense account and credit the Interest payable account

Explanation:

Following the Accrual accounting - an accounting method that revenue or expenses are recorded when a transaction occurs rather than when payment is received or made.

The company borrowed $10,000 from the bank at 5% interest. The loan has been outstanding for 45 days. At the end of a period, if required adjusting entry, the adjusting entry:

Debit Interest expense  and Credit  Interest Payable

3 0
3 years ago
Find the selling price cost to store $20 mark up 15%
Stolb23 [73]
$30 I believe I apologize if I am incorrect.
8 0
3 years ago
acuBlade Castings Inc. casts blades for turbine engines. Within the Casting Department, alloy is first melted in a crucible, the
romanna [79]

Answer:

For complete understanding lets first make EPU (Equivalent Production Unit)

                                                             Direct Material     Conversion

Units completed &transferred out         6,800                      6,800

Closing WIP                                               500                        100(500*20%)

Total units                                                7,300                       6,900

Closing WIP units = Opening WIP +During the year - units completed

                              = 700                 +     6,600           - 6,800

                              =500 units

On the basis of weighted average method following will be cost per unit:

Total Direct material cost/unit = (70,000 + 633,600)/7,300  = 96.3835

Total conversion cost/unit =(4,410+53,520+80,280(53,520*150%))/6,900=20.0304

Therefore, following would be the entries

WIP                      767,400

Material                               633,600

Conversion                          133.800 (53,520+80,280)

Finished goods    791,615 (96.3838+20.0304)*6,800

WIP                                        791,615

Working for closing unit

Material (500*96.3835) = 48,191

Conversion (500*20%*20.0304) = 2003.043

3 0
3 years ago
A credit entry was recorded for unearned revenue and a debit for cash. What does this entry indicate?
rusak2 [61]

Answer:

This means that there is an increase in cash(cash has been collected). And for the unearned revenue which is a liability, there is an increase in the liability

Explanation:

This means that there is an increase in cash(cash has been collected). And for the unearned revenue which is a liability, there is an increase in the liability.

Note: Debit side increases asset(cash) and expenses while credit side decreases liability,income and equity.

Credit side decreases asset(cash) and expenses while debit side increases liability,income and equity.

7 0
2 years ago
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