Which of the following is a characteristic of a public good?

Fritz Evans is the owner and operator of Be-The-One, a motivational consulting business.

almond37 [142]

Answer:

2013 Equity: 298,000

2014 Equity: 327,000

Explanation:

(A)

Assets = Liabilities + Equity

395,000 = 97,000 + Equity

395,000 - 97,000 = Equity

298,000 = Equity

(B)

if asset increase by 65,000

and liabilities increase by 36,000

(395,000 + 65,000) = (97,000 + 36,000) + Equity

460,000 = 133,000 + Equity

Equity = 460,000 - 133,000 = 327,000

5 0

2 years ago

If a computer store dumps waste behind its building in violation of local, state, or federal environmental regulations, the resu

Aneli [31]

Answer:

Environmental law.

Explanation:

If a computer store dumps waste behind its building in violation of local, state, or federal environmental regulations, the resulting dispute focuses on environmental law.

Environmental law is the collection of laws, regulations, agreements and common law that governs how humans interact with their environment. Environmental laws not only aim to protect the environment from harm, but they also determine who can use natural resources and on what terms.

Environmental law covers Waste Management – Municipal waste, hazardous substances and nuclear waste all fall in the category of waste management.

4 0

3 years ago

The Northern Division of Southwest Clothing Inc. forecasts (has budgeted) the following income statement for the upcoming year:

Alex

Answer:

Operating loss will decrease by $20,000

Explanation:

Operating loss from normal business activities and if the division is not shut down = $150,000.

Operating loss if division is shut down by the management = $130,000 ($480,000 - $350,000) because the management has determined that $350,000 of the $480,000 Fixed Costs shown would be eliminated if that happens.

So, if the Northern Division is shutdown, the Operating loss will decrease by $20,000 (From $150,000 to $130,000)

5 0

3 years ago

When reviewing Form 13614-C, you see the "Interest" question is marked "Yes" and the taxpayer gives you a Form 1099-INT. You sho

Olenka [21]

Answer:

True

Explanation:

yes it is true that you should ask the taxpayer if they had any other interest income to avoid double taxation elsewhere

7 0

3 years ago

Quest Outdoor Store orders River Run-brand kayaks from Sports Merchandise, Inc. Sports Merchandise ships kayaks of the wrong siz

Sidana [21]

Answer:

Sports Merchandise

Explanation:

According to the situation that has been described in the question it can be said that the loss is suffered by Sports Merchandise. This is because a the seller of a good or product is liable for that product until the buyer purchases the product and decides to keep it. Which in this scenario since Sports Merchandise made a mistake on the product size and Quest decided not to accept the product then the responsibility and risk of loss remained with Sports Merchandise as the owner of the product.

5 0

3 years ago