Answer:
Tim imposes a Negative externality on his neighbor in the form of noise pollution.
The command-and-control policy might the landlord impose is : a) A rule that music could not be played above a certain decibel level
(True)According to the Coase theorem, Tim and Brian might not be able to reach an agreement if the transaction costs are high.
Explanation:
As given ,
Brian loves opera and hates rock 'n' roll. Tim loves playing rock 'n' roll music at high volume.
In this case, Tim imposes a Negative externality on his neighbor in the form of noise pollution.
Because Tim's rock 'n' roll music disturb Brian and it effects negatively because due to Tim's music , Brian is unable to listen opera properly
Now,
The command-and-control policy might the landlord impose is :
a) A rule that music could not be played above a certain decibel level
Now,
If the landlord lets the tenants do whatever they want.
According to the Coase theorem, Tim and Brian might not be able to reach an agreement if the transaction costs are high.
It is True
Because if transaction cost is low , then Tim can pay compensation to Brian for high volume of music . But if transaction cost is high then they can not do any negotiation.
Answer:
The answer is given below
Explanation:
<em>From the question given, we resolve the issue as follows:</em>
<em>Hotwax purchased $62,000 in raw materials</em>
<em>The mixing department requisitioned $50,000 of those materials for use in production.</em>
<em>We prepare a journal entries to record its purchase of raw materials and requisition of direct materials.</em>
<em>Raw materials Inventory = $62,000 </em>
<em> Cash = $62,000</em>
<em>Wip 50,000</em>
<em>Raw materials Inventory = $50,000</em>
Answer:
d. Word of mouth
Explanation:
In the given instance it is very clear that there is an announcement in the seminar. This clearly represents the word of mouth. As there is no job posting officially on the web site or newspaper. Also there is no recommendation from any supervisor that there is any need to get a person recruited and this is the person.
In fact there is a straight announcement to ensure the recruitment vacancy. This is the basic conclusion from such scenario and this will be termed as Word of mouth.
Answer:
Journal Entries
Dr. Cr.
Sale of Merchandise
a. Account Receivable $4,240
Sales $4,000
Sales Tax Payable $240
Cost of Goods Sold $2,360
Merchandise Inventory $2,360
b. Payment of Sales Tax
Sales tax Payable $42,110
Cash $42,110
Explanation:
Sales of Merchandise increase the account receivable and tax liability as well. Inventory has been reduced by the cost of merchandise.
Tax is paid and sales tax liability is reduced along with cash.
