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stiv31 [10]
3 years ago
15

The financial statements of New World, Incorporated, provide the following information for the current year: December 31 January

1 Accounts receivable $ 287,000 $ 381,500 Inventory $ 280,000 $ 266,000 Prepaid expenses $ 72,800 $ 70,000 Accounts payable (for merchandise) $ 258,300 $ 249,550 Accrued expenses payable $ 66,150 $ 79,450 Net sales $ 3,167,500 Cost of goods sold $ 1,669,500 Operating expenses (including depreciation of $63,000) $ 381,500 What is the amount of cash received from customers during the current yea
Business
1 answer:
postnew [5]3 years ago
4 0
I believe the question you're asking is cut off...
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In economics, what is logrolling?
nadezda [96]
In economics, Logrolling is a trading of favors. Usually this is done in legislative members in which they trades to get the favor of the other members.
For example:
I am running for a certain position, In order to get the highest vote, I will talk to the other members to vote me in exchange to their favors.
5 0
3 years ago
Abe owns a dog; the dog's barking annoys Abe's neighbor, Jenny. Suppose that the benefit of owning the dog is worth $200 to Abe
umka2103 [35]

Answer:

Jenny pays Abe $300 to give the dog to his parents who live on an isolated farm

Explanation:

The answer is already stated within the question, but I'll provide  the explanation.

In order to reach a solution, Jenny would have to offer Abe an amount to get rid of the dog that is more than Abe's benefit of owning the dog, which is $200.

On the other hand, since Jenny bears a cost of $400 from the bark, she would only be willing to spend as much as $400 to resolve the situation. Therefore, the acceptable range for the amount of the agreement for both parts is:

$200 < X < $400.

Since $300 is within that range. Jenny paying Abe $300 to give the dog to his parents is a possible solution.

6 0
3 years ago
Read 2 more answers
Two towns, each with three members, are deciding whether to put on a fireworks display to celebrate the new year. fireworks cost
Burka [1]
1) Town of Bayport:
We have that the residents value the fireworks at a total of 50+100+300=450$. That is the utility they gain. But they would also have to pay 360$ for the fireworks. The total outcome is 450$+(-360$)=90$. Hence, the outcome is positive and the fireworks pass the cost benefit analysis.

If the fireworks' cost is to be split equally, we have that each of the 3 residents has to pay 360/3=120$. Let us now do the cost-benefit analysis for everyone.
Jacques stands to gain 50$ from the fireworks but would have to pay 120$. He will vote against it.
Also, Kyoko will gain 100$ but would have to pay 120$. He will lose utility/money from this so he will vote against.
Musashi on the other hand, would gain 300$ and only pay 120$. He is largely  benefitted by this measure. Only he would

We have that 2 out of the 3 would vote against the fireworks, so that the fireworks will not be bought. The vote does not yield the same answer as the benefit-cost analysis.

2) Town of River Heights:

We have that the total value of the fireworks to the community is 20+140+160=320$. The total value of the fireworks is lower than their cost so their cost benefit analysis yields that they should not be bought.

However, let's see what each resident says. The cost to each resident is 360/3=120$. Rina is against the fireworks since she will only gain 20$. Sean and Yvette are for the fireworks since they gain 140$ and 160$ respectively, which are larger than the cost of the fireworks to each of them (120$). Hence, 2 will vote for the fireworks and one will vote against and fireworks will be bought.

Again, the vote clashes with the cost-benefit analysis.

3) The first choice is wrong. It is very difficult for a government to provide the exact types of public goods that everyone wants because that would be too costly; one cannot have a public good that everyone pays for so that only a couple of people enjoy it. In our example, we saw that in every case, a public good and its production would have sime supporters and some adversaries.

Majority rule is not always the most efficient way to decide public goods; as we have seen in the second case, the cost-benefit analysis yields that the fireworks are not worth it but they are approved by the majority nonetheless.

The final sentence is correct. The differing preferences of the people make a clearcut choice impossible and the government has to take into account various tradeoffs and compromises in order to determine which public goods to provide.
3 0
3 years ago
Read 2 more answers
List TWO consequences for a company if they receive a qualified audit opinion
Lorico [155]
It can affect the company's ability to get a lending (borrow money). It can also affect the chances of finding an investor.
6 0
2 years ago
The most effective form of business organization for raising capital is the a. sole proprietorship. b. syndicate. c. joint ventu
Sergio039 [100]

Answer: option E -Corporation

Explanation:

Corporation is the most effective form of business organization for raising capital

6 0
3 years ago
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