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WINSTONCH [101]
2 years ago
6

An externality is an unwarranted cost or benefit that affects...

Business
1 answer:
Makovka662 [10]2 years ago
3 0

Answer:

a third party

Explanation:

A product can be defined as any physical object or material that typically satisfy and meets the demands, needs or wants of customers. Some examples of a product are mobile phones, television, microphone, microwave oven, bread, pencil, freezer, beverages, soft drinks etc.

In Economics, an externality could either be positive or negative depending on its effect on a third party.

A positive externality arises when the production or consumption of a finished product or service has a significant impact or benefits to a third party that isn't directly involved in the transaction.

On the other hand, a negative externality arises when the production or consumption of a finished product or service has a negative effect and/or impact (cost) on a third party.

This ultimately implies that, an externality is typically an unwarranted cost or benefit by a manufacturer or producer of goods and services that affects a third party.

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Steve and Ed are cousins who both turned 25 today. Their grandfather began putting $2,500 per year into a trust fund for Steve o
iVinArrow [24]

Answer:

Answer A is correct

Explanation:

Step 1 find how much Steve will have when he retires:

financial calculator steps

press g 7 (to set the calculator to assume payments are made at the beginning of the period)

8 i (interest earned)

46 n (periods remaining)

-2500 pmt (payment made into the account each period)

0 PV (starting balance of account)

solve for FV

FV = $1,129,750.38

We can now use this value to solve backwards

8 i

41 n (only 41 more payments here)

0 PV (starting balance)

1,129,750.38 FV (ending value)

solve for pmt

pmt = 3,725.55 ~ 3,726 so answer A

6 0
3 years ago
Job cost sheets contain entries for actual direct material, actual direct labor, and actual manufacturing overhead cost incurred
adelina 88 [10]

Answer:

True

Explanation:

A cost sheet is a statement that contains all the cost incurred on a cost unit or a cost centre. A  typical cost sheet will accumulate all the direct and indirect material consumed in the production of a product. Also included in the cost sheet is direct labor incurred in the making of a product including allocated overhead. With this, the margin on a product can be observed from a cost sheet.

7 0
2 years ago
Match each description with the corresponding group performance factor that best describes it.
Sladkaya [172]

Answer:

i b) Group cohesiveness

ii c) Group heterogeneity

iii a) Group norms

iv d) Social loafing

Explanation:

i b) Group cohesiveness (this terms refers to the strong link between members of a social group as a whole)

ii c) Group heterogeneity (Refers to inter functional collaboration, individuals from different fields will be working together)

iii a) Group norms (refers to the informal rules that a group adopts and regulate on its own)

iv d) Social loafing  (this terms refers to the idea that people are prone to exert less effort while working in a group, considering that others will take care of the work)

3 0
3 years ago
Paney Company makes calendars. Information on cost per unit is as follows: Direct materials $1.50 Direct labor 1.20 Variable ove
PilotLPTM [1.2K]

Answer:

c.$21,670

Explanation:

The computation of the break-even point in sales dollars is shown below:

Break even point = (Fixed expenses) ÷ (Profit volume Ratio)  

where,  

Contribution margin per unit = Selling price per unit - Variable expense per unit  

= $10 -$1.50 -$1.20 - $0.90 - $0.40

= $6

And, Profit volume ratio = (Contribution margin per unit) ÷ (selling price per unit) × 100

So, the Profit volume ratio = (6) ÷ (10) × 100 = 60%

And, the fixed expenses is $13,000

Now put these values to the above formula  

So, the value would equal to  

= ($13,000) ÷ (60%)  

= $21,670

8 0
3 years ago
Jenny, owner of an ice cream parlor, has been experimenting with different flavors to create a new exotic ice cream for her cust
Alecsey [184]

Answer:

Lol this is easy

Explanation:

B C Or D

its C

4 0
3 years ago
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