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Nikolay [14]
3 years ago
5

Consider two goods--one that generates external benefits and another that generates external costs. A competitive market economy

would tend to produce
Business
1 answer:
KiRa [710]3 years ago
5 0

Answer:

Produce more of the good that generates external cost and less of the good that creates external benefit.

Explanation:

External benefits refer to the situation where the benefit of production of goods or services goes to a third party that is not directly involved in the process of production.  

Similarly, external cost refers to the situation where the cost of production of goods and services is borne by a third party which is not directly involved in the process of production.  

A competitive market economy would tend to produce more of the good that generates external cost and less of the good that creates external benefit. This is because in case of external cost the private cost will be lower than social cost, so the firms will be able to produce more of the good.

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Bonita Realty Management Co. received a check for $32,400 on August 1, which represents a one year advance payment of rent on an
ludmilkaskok [199]

Answer:

Explanation:

The adjusted journal entry is shown below:

Unearned rent revenue A/c Dr

      To Rent revenue A/c

(Being the adjusted entry of rent is recorded)

The computation of the rent revenue is shown below:

= Received amount × number of months ÷ (total number of months in a year)

= $32,400 × (5 months ÷ 12 months)

= $13,500

The 5 months is calculated from August 1 to December 31

3 0
3 years ago
What kind of structures must a cell have that would be analogous to a modern business?
Elanso [62]

Answer:

I might be wrong but I beleive the answer is cytoskeleton

6 0
2 years ago
On December 31, 2017, Ivanhoe Company had $1,313,000 of short-term debt in the form of notes payable due February 2, 2018. On Ja
gizmo_the_mogwai [7]

Answer:

They should be reported in 2 different parts, first under current liabilities as:

  • Notes payable $269,000

Then under long term liabilities:

  • Notes payable expected to be refinanced $1,044,000

Explanation:

the total short term notes payable on December 31 = $1,313,000

  • $1,044,000 were paid off by issuing common stocks, so that portion of the debt must be reported as notes payable expected to be refinanced (or refinanced debt)
  • the remaining $269,000 which were paid using cash reserves must be reported as current notes payable

5 0
3 years ago
Explain five (5) contributions of the manufacturing industry to industrialization​
Drupady [299]

Answer:

Line production system

Scale of production

Development of Factories

Development of Capital Machinery

Development of Capital Goods Industry.

Explanation:

Line production system: This system was adopted in manufacturing companies to divide the tasks between the workers so a product can be manufactured in the fastest way possible

Scale of production: The manufacturing industry develop high levels of production that allow surpluses of production of goods in the economy.

Development of Factories: The manufacturing industry was the first in organize the Plant for production purposes. Therefore, the creation of what is nowadays known as factories was a consequence of this organization.

Development of Capital Machinery: Manufacturers Researched and developed new machines to improve the times of production. With time this technology was used for more industries to achieve fast performances.

Development of Capital Goods Industry: As machines were developed the industry of Capital goods arose and became an important source of technology for companies.

3 0
3 years ago
An investment adviser that manages a portfolio for a client has not taken custody. The customer informs the adviser that he will
RoseWind [281]

Answer: C. has taken custody of customer funds and must comply with the additional requirements of the custody rule

Explanation:

The options for the question are:

A. can follow the customer's instructions without additional action taken, since this is a service to the customer

B. has not taken custody of client funds, unless the custodian bank and the investment adviser are under common ownership

C. has taken custody of customer funds and must comply with the additional requirements of the custody rule

D. has a conflict of interest that must be disclosed in writing to the customer

The Investment Advisers Act is a law which was enacted in order to regulate the investment advisers. It requires that firms that receive compensation when they advise others about their securities investments will have to register with Securities Exchange Commission and also abide with the regulations which are in place to protect the investors.

In the Act, it was said that an investment adviser has had a custody of the client assets, and should therefore comply and abide with the rule since the adviser is in possession of the client funds. Therefore, option C is the correct answer.

8 0
2 years ago
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