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sineoko [7]
2 years ago
8

What is a public good?

Business
1 answer:
Pie2 years ago
7 0

I believe your answer is B

A public good is a product or service that one consumer cannot present another consumer from using, and is accessible without  payment

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Tore Company's records reveal the following information regarding its inventory. Beginning inventory was $100,000 at cost and 16
vodka [1.7K]

Answer:

$150,000

Explanation:

Ending inventory, the value of goods available for sale at the end of the accounting period, plays an important role in reporting the financial status of a company and can best be figured out using the equation,

Ending Inventory = Beginning Inventory + Net Purchases - Cost of Goods Sold (or COGS)

Beginning Inventory = $160,000 in retail

Net purchases = $500,000 in retail +$10,000 Markups

Cost of goods sold = $500,000

So, End Inventory = 160,000+500,000+10,000-500,000

End Inventory = $150,000

4 0
2 years ago
In taking a physical inventory at the end of Year 1, Grant Company forgot to count certain units and understated ending inventor
Rina8888 [55]

Answer:

a. Overstates Year 1 cost of goods sold.

b. Understates Year 1 net income

c. Understates Year 2 cost of goods sold

Explanation:

a. The formula for Calculating the Cost of Goods sold is;

<em>Cost of Goods Sold = Opening inventory + Purchases - Closing inventory.</em>

If the closing inventory is understated, it will reduced the amount being subtracted from Purchases and Opening inventory which would means that Cost of Goods sold will be overstated.

b. The Cost of goods sold is deducted from sales to give Gross profit. If Cost of goods is overstated, it will reduce Gross Profit higher than it should. A lower Gross Profit equates to a lower Net Income.

c. Going by the formula in <em>a;</em>

<em>Cost of Goods Sold = Opening inventory + Purchases - Closing inventory.</em>

In Year 2, the understated Year 1 closing stock will become the understated Year 2 Opening stock. With the opening stock understated, the Cost of goods will be understated as well because Opening stock is meant to increase Cost of goods sold as the formula shows. If it is understated, the amount that it will add will be understated as well.

4 0
3 years ago
What information should a resume provide?
Vilka [71]
In a typical resume, you will find first, your name and contact information. after that, you will be putting your educational background meaning what high school and university you graduated from. This will be followed by your work experience meaning all the jobs that you have been in whether part time or full time. next, you will be putting all of the organizations that you join whether they be during your high school year or college year. After that, you will list down some of the research papers you made. Lastly, you will be listing down some of your skills and your best personality traits
8 0
3 years ago
Analyse eskom in terms of the characteristics of a monopoly
den301095 [7]
Eskom is a South African public company which handles the electricity for public usage in the South Africa. Eskom is the stand-alone generator of electricity in South Africa which holds the monopoly over the power plants and transmission. Eskom managed more than 10 power stations in South Africa. South Africa experienced an electricity crisis despite its number of power stations.
4 0
3 years ago
Cart Vader is a new business venture aimed toward selling golf carts to be used as neighborhood recreational vehicles. The new C
storchak [24]

Answer:

d. perfect price discrimination.

Explanation:

According to my research on different pricing strategies, I can say that based on the information provided within the question the business owner is attempting to practice perfect price discrimination. This term refers to when a company charges different prices for each sale of the same product, usually charging the highest possible price and allowing room for negotiations. Which is exactly what Cart Vader is doing with it's golf carts.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

5 0
3 years ago
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