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Akimi4 [234]
2 years ago
9

Many people who do not smoke cigars are bothered by the odor of cigar smoke. If private contracting is impossible, will too many

or too few cigars be produced and consumed? Taking all costs into account, is the market price of cigars too high or too low?
Business
1 answer:
andre [41]2 years ago
8 0

If private contracting is impossible, too many cigars would be produced and consumed. The market price of cigars is too low.

<h3>What is negative externality?</h3>

Negative externality is when the production or consumption activities of economic agents negatively affects third parties not involved in production or consumption.

For example, smoking a cigar affects others that are not smoking that are around the person that is smoking. Negative externality occurs because the cost of production or consumption is too low.

To learn more about externalities, please check: brainly.com/question/26266710

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The semiconductor business of the California Microtech Corporation qualifies as a component of the entity according to GAAP. . T
Anuta_ua [19.1K]

Answer:

$2,250,000

Explanation:

Preparation for the lower portion of the 2021 income statement

CALIFORNIA MICROTECH CORPORATION

Partial Income Statement

For the Year Ended December 31, 2021

Income from continuing operations before income taxes 7,800,000

Less Income tax expense 1,950,000

(25%*7,800,000)

Income from continuing operations 5,850,000

Discontinued operations:

Loss from operations of discontinued component (4,800,000)

Income tax benefit, 1,200,000

(25%*4,800,000)

Loss on discontinued operations (3,600,000)

Net income (5,850,000 - 3,600,000) $2,250,000

Therefore the Net income will be $2,250,000

8 0
3 years ago
Use the following information of VPI Co. to prepare a statement of cash flows for the year ended December 31 using the indirect
r-ruslan [8.4K]

Answer:

                                                 VPI Co.

            Cashflow statement for the year ended December 31

                                                                               $

Operating activities                                            

Net income                                                         59,000

Add Depreciation                                                 7600

Less gain from sale of machinery                      (2900)

Increase in Inventory                                          (8,600)

Increase in accounts payable                              3,300

Decrease in accounts  receivable                      <u>  6,600</u>

Cash flow from Operating activities                  65,000

Investing activities

Cash received from sale of  machinery              11,300

Financing activities

Cash paid for dividends                                      (4,600)

Net cashflow                                                        71,700

Cash balance at prior year-end                       <u> </u><u>43,600</u>

Cash balance at current year-end                  <u> 114,300</u>

Explanation:

The indirect method of cashflow statements starts with the cashflows from the operating activities to Financing and then investing activities.

An increase in an asset other than cash is a decrease in cash and vice versa. An increase in a liability is an increase in cash and vice versa. We add or subtract none cash items like depreciation, gain on asset disposal etc.

7 0
2 years ago
A survey by the National Restaurant Association found that 70% of consumers say that they are more likely to visit restaurants t
LekaFEV [45]
To determine the number of consumers which might prefer eating locally produced food, we simply multiply the metropolitan population by the decimal equivalent of the percentage given. That is,
                            = (1,773,120)(0.70) 
                            = 1,241,184
Thus, 1,241,184 will most likely prefer the locally produced food. 
3 0
3 years ago
Total revenue:
pishuonlain [190]

Answer:

remains unchanged as price increases when demand is unit elastic.

Explanation:

Total revenue = price × quantity

Demand is elastic when a small change in price has a greater effect on the quantity demanded.

If price is increased and demand is elastic, quantity demanded would fall more than the increase in price and total revenue falls.

Demand is inelastic if a small change in price has little or no effect on quantity demanded.

If price is increased and demand is inelastic, change in quantity demanded would be less than changes in price. As a result, total revenue would increase.

Demand is unit elastic if a change in price has an equal proportional effect on quantity demanded. The elasticity of demand always sums up to one.

If price is increased and demand is unit elastic, there would be no change in total revenue.

I hope my answer helps you

5 0
3 years ago
Most of the financial information about an organization is based on information generated from accounting records. The reports a
Bond [772]

Answer: (D)

Explanation: Reports and financial statements prepared by accountants are useful tools to evaluate an organisation's liquidity,solvency and stability. It helps the general public and other stakeholders to get the required data and information needed for decision making.

The inflationary trends shows the relationship between demand and supply in an economy which will help management to implement the necessary steps that will enhance it's operations.

The balance of trade between 2 countries provides necessary details for decision makers on when and how to improve or manage exports and imports.

8 0
3 years ago
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