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2 years ago

Why does the government oversee the provision of public goods?

1 answer:

7 0

The reason why public goods are provided by the government is C. Public goods are goods and services that are non-excludable and non-rivalrous; therefore, it is not profitable or in the best interest of private businesses to provide these goods.

A public good simply means the good that is beneficial to everyone in the society. It's non-excludable and non-rivalrous. e.g electricity, water, sewage disposal, etc.

Public goods are goods and services that are non-excludable and non-rivalrous; therefore, it is not profitable or in the best interest of private businesses to provide these goods. They're usually provided to meet the needs of the people and not for profit motive.

Learn more about public goods on:

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Immediately after an ice storm brought down power lines throughout the region, hardware stores were sold out of batteries and fl

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Answer:

D) Markets allocate goods effectively.

Explanation:

The two main principles of capitalism are that individuals are rational and act according to their best self interest, and markets will allocate goods and service more efficiently than governments.

In this case, the stores ran out of batteries and flashlights due to a sudden increase in the demand, but since the stores make a profit by selling batteries and flashlights, they immediately replenished their stocks and were able to satisfy all the customers' needs.

If the stores would have needed government permission for replenishing their inventories, they would have never done it so fast and so efficiently.

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2 years ago

The most common definition that monetary policymakers use for price stability is

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Answer:

A central feature of monetary policy strategies in all countries is the use of a nominal variable that monetary policymakers use as an intermediate target to achieve an ultimate goal such as price stability. Such a variable is called a nominal

Explanation:

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2 years ago

Monroe Construction Company uses the percentage-of-completion method of accounting. In 2013, Monroe began work on a contract it

deff fn [24]

Answer:

$2,400,000

Explanation:

Costs incurred during 2013 + estimated costs to complete (2014) = $9,600,000 + 6,400,000 = $16,000,000

The gross profit for all the project should be $20,000,000 - $16,000,000 = $4,000,000.

The $4,000,000 gross profit should be distributed as follows:

2013 = ($9,600,000 / $16,000,000) x $4,000,000 = $2,400,000

2014 = ($6,400,000 / $16,000,000) x $4,000,000 = $1,600,000

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3 years ago

n computing the current period's manufacturing cost per equivalent unit, the FIFO method of process costing considers: (CPA adap

kykrilka [37]

Answer:

C. current period costs less cost of beginning work-in-process inventory

Explanation:

While calculating the current period manufacturing under FIFO method the cost of beginning work in process will be deducted as was incurred in previous period, for the current period only the current period cost will be considered.

Though the FIFO method is based on first in first out principle where opening inventory will be sold first, but the cost incurred earlier in previous period will not be considered.

Correct statement is C

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3 years ago

Quality Move Company made the following expenditures on one of its delivery trucks: Mar. 20. Replaced the transmission at a cost

AfilCa [17]

Answer and Explanation:

The Journal entry is shown below:-

March 20

Accumulated depreciation - Delivery Truck Dr, $1,890

To Cash $1,890

(Being the replacement of transmission and capitalizing the transmission cost is recorded)

June 11

Delivery Truck Dr, $1,350

To Cash $1,350

(Being the installation of hydraulic lift and capitalization of installation expenses is recorded)

November 30

Repairs and Maintenance Expense Dr, $55

To Cash $55

(Being the payment for changing the oil and air filter is recorded)

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3 years ago