A free rider is option(b) i.e, Someone who consumes a public good but does not pay for it.
<h3>What is meant by the free rider?</h3>
A free-rider problem is a form of market failure that happens when those who use resources, public commodities, or communal services underpay for them or do not pay for them at all. Free riders are an issue because they might still access or utilize the goods even though they aren't paying for them.
For instance, soliciting donations in a museum or garden. The donation sums would assist in paying for the garden/museum even if there would still be free riders.
Free riding hinders traditional free-market techniques of producing and consuming goods and services. Because individuals can still benefit from a shared resource even if they don't participate, free riders have no reason to do so.
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Answer:
a.Perishable items must have an actual physical flow of FIFO
Explanation:
- Cost flow estimates are required to determine the cost of goods sold and to end inventory. Companies make some ump habits about what goods are sold and what items are listed (as a result of various accounting methods).
- Financial reporting and tax benefits and the actual movement of goods are not required to be accepted
- The continuous inventory system may have different end inventory and COGS yields compared to the periodic inventory system due to LIFO's calculation time and weighted average cost flow estimates.
- Reducing or exceeding the lower price of goods sold when prices fall or rise
Answer:
Joe should recommend a VPN.
Explanation:
A VPN is a Virtual Private Network that allows you to create a secure connection to another network over the Internet. So when a different server is trying to connect with your server, the VPN will encrypt the connection so that only public information is shared. It can see the server address rather than than your address and encrypt data.
Joe can use this facility to protect the company's information from being publicly accessible. VPNs can be used to protect your data from servers connected through different WiFi connections.
Answer:
$35,465
Explanation:
Calculation for Ending Retained Earnings
Using this formula
Retained earnings = Beginning retained earnings +(Net income- Dividend)
Let plug in the formula
Retained earnings = $30,995 + ($7,590 − $3,120)
Retained earnings =$30,995 +$4,470
Retained earnings =$35,465
Therefore the the ending retained earnings balance will be $35,465
Two acts that the TUMI manufacturers comply with are:
- Environmental regulations
- labor and employment act
<h3>The corporate responsibility of this organization</h3>
As a result of the corporate responsibility of this business group, they are known to respect environmental laws.
This law requires them to avoid the use of chemicals and substances that are harmful to the environment.
Also the business has to comply with laws that concerns labor and employment.
Read more on corporate social responsibility here:
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