In 1-2 sentences, explain why the private businesses will not provide public goods.
Answers
Because of this, people want to use the good but not pay for it as they know, once the good is provided, they can't be excluded from using it. This is called Free riding.
Private companies will not be able to tackle the problem of free riding as they won't know what rate to charge and how to make everyone pay.
Govt. can, however do this easily.
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Answers
Answer:
process cost for 1000 rebate = $100
Explanation:
given data
rebates = 420,000
costs labor = $28,000
overhead = $14,000
to find out
cost to process 1,000 rebates
solution
first we get here total cost process that is express as
total cost process = costs labor + overhead .............1
total cost process = $28000 + 14000
total cost process = $42000
and process cost per rebate will be here as
process cost per rebate =
process cost per rebate = 0.10
so process cost for 1000 rebate will be as
process cost for 1000 rebate = 0.10 × 1000
process cost for 1000 rebate = $100
Answers
Answer:
$417 A.
It is an adverse variance.
Explanation:
Fixed factory overhead volume variance is the difference between budgeted output at 100% normal capacity and actual production volume multiplied by standard fixed overhead cost per unit.
Formula
Fixed factory overhead volume variance = (budgeted standard hours for 100% normal capacity - Actual standard output hours) × standard fixed overhead cost per unit.
Calculation
Since 5900 units of a product was produced in 3.546 standard hours per unit, total actual standard hour is therefore;
= 5900×3.546
=20,921 hours
Overhead cost per unit = $1.10 per hour
Hours at 100% normal capacity = 21,300 hours.
Recall the formula for fixed factory overhead volume variance is =(budgeted standard hours for 100% normal output- actual standard output hours)× standard fixed overhead per unit.
Therefore;
Fixed factory overhead volume variance =(21,300 hours - 20,921 hours)× $1.10
=379 hours × $1.10
=$417 A
It is therefore an adverse variance.
Answers
It refers to a portion of loan that at a specific period of time hasn't been yet to be paid/remitted to the lender
hope this helps
Answers
Answer:
$4,000
Explanation:
Sam's gross income from this transaction can be calculated by subtracting the price of the car and the tractor from the cost basis of the land.
Sam's gross income = cost basis of land - price of car and tractor = $20,000 - $16,000 = $4,000
In this case Sam's gain should be considered capital gains since it is a gain made from the selling investments that are held for more than 1 year.
Final answer:
The gross income from the transaction where Sam traded his land (originally bought for $16,000) for a tractor and car (worth $20,000) would be $4,000. This is calculated by subtracting the initial purchase price of the land from the market value of items received in return.
Explanation:
Based on the information given in your question, it seems like we're trying to calculate the gross income that resulted from Sam's sale of land. Gross income is essentially the net sales minus the cost of goods sold; in this case, the 'goods' are the land. So, you simply subtract Sam's original purchase price of the land ($16,000) from the later sale price (or market value) of the car and tractor he got in exchange ($20,000)
So, you calculate it as follows:
- First, recognize the market value of the goods received in return for the land - in this case, the car and tractor, which amount to $20,000.
- Then, subtract the initial purchase cost of the land - the $16,000 that Sam paid for it five years ago.
- This leaves us with $20,000 - $16,000 = $4,000.
Therefore, Sam's gross income from this whole transaction is $4,000.
Learn more about Gross Income here:
#SPJ2
Answers
Answer:
False
Explanation:
A flexible budget is a financial plan that varies with the levels of output and input. It is a budget that adjusts to the needs of a company and the actual revenue levels. Flexible budgets contrast fixed budgets that remain the same regardless of actual income levels.
A flexible budget uses actual revenues for a period. It records the actual expenses incurred, whether fixed or variable. A flexible budget like other financial plans and will have fixed, and variable costs indicated separately. Separating fixed and variable cost helps the management in evaluating financial performance for that period.
Answers
True, When the businesses decide not to carry on their operations further it will be reported as Discontinued operations and is shown in extraordinary items.
Explanation:
The disposal of business segment is caused due to some major change or shift that leads to financial dis balance and ultimately leads to the shutting down of the operations and so it will be reported in the discontinued operations. The business segment when disposed of or sold it will be reported as discontinued operations.