There are several problems that make public goods necessary, but the primary one is that without access to certain public goods and services like parks and schools, poor people would have practically no chance at advancement.
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Answer:
Gilbert Company's total expected cash disbursements for purchases in the month of August are $45,000.
Explanation:
In August the 75% of July purchases payments and 25 % of August purchases Payments will bedisbursed.
Cash Disbursement of August
August Payment = $15,000
July Payment = $30,000
Total Disbursement = $15,000 + $30,000
Total Disbursement = $45,000
Working:
July payment = $40,000 x 75% = $30,000
August Payment = $60,000 x 25% = $15,000
Answer:
John's accountant tells him that he made a profit of $43,002 running a pottery studio in Orlando. John's wife, an economist, claims John lost $43,002 running his pottery studio. This means his wife is claiming that he incurred <u>$86,004</u> in <u>implicit</u> costs.
Explanation:
Accounting profit =$43002
Economic profit =-$43002
Economic profit =Accounting profit - implicit cost
-43002=43002 -Implicit cost
Implicit cost =86004
Answer :
The equivalent annual annuity of GSU-3300 = 6,520.30
Explanation :
The computation of the equivalent annual annuity of the GSU -3,300 is shown below:
As per the data given in the question,
For GSU-3300, Cash flow =$25,010
Time = 8 years
Cost = $99,984
For UGA-3300, Cash flow = $28,975
Time = 9 years
Cost $123,069
Based on this,
The equivalent annual annuity of GSU-3300 is
= -$99,984 × 9.63% ÷ {1 -1 ÷ (1 + 9.63%)^8} + $25,010
= 6,520.299
= 6,520.30