Suppose the United States has two​ utilities, Commonweath Utilities and Consolidated Electric. Both produce 20 million tons of sulfur dioxide pollution per year.​ However, the marginal cost of reducing a ton of pollution for is ​$ per ton and the marginal cost of reducing a ton of pollution for is ​$ per ton. The​ government's goal is to cut sulfur dioxide pollution in half​ (by 20 million tons per​ year). If the government issues 10 million tradable pollution permits to each​ utility, what will be the cost of eliminating half of the pollution to​ society?

Answers

Answer 1

Answer:

​$4,000 million per year

Explanation:

Calculation for what will be the cost of eliminating half of the pollution to​ society

Cost of eliminating = (200 per ton x 20 million tons)

Cost of eliminating = ​$4,000 million per year.

Therefore the cost of eliminating half of the pollution to​ society will be ​$4,000 million per year.


Related Questions

Martha is a regional supervisor who earns a base salary of $34,400 per year plus a 1% commission on all service contracts that she sells to existing customers. The company pays salaries on a semi monthly basis and contract commissions on a quarterly basis. As of September 30, Martha had made $38,200 in contract sales for the third quarter. What will be her gross pay on her next pay date

Answers

Answer:

Martha gross pay on her next pay date is $1,815.33.

Explanation:

This can be calculated as follows:

Number of semi months in a year = 24

Semi monthly salary = Salary per year / Number of semi months in a year = $34,400 / 24 = $1,433.33

Commission from contract sales for the third quarter = Contract sales for the third quarter * Commission percentage = $38,200 * 1% = $382

Martha gross pay on her next pay date = Semi monthly salary + Commission from contract sales for the third quarter = $1,433.33 + $382 = $1,815.33

Therefore, Martha gross pay on her next pay date is $1,815.33.

Which of the following is an example of Brazil undertaking importing?
a.Brazil buys made-in-China products to sell in its domestic market.
b.China buys raw materials such as iron ore from Brazil.
c.Brazilian companies invest heavily in the housing industry in the country.
d.Chinese companies invest in Brazilian industry.

Answers

I think it’s B but somebody correct me if I’m
Wrong

A good example of Brazil undertaking importation is A. Brazil buys made-in-China products.

The products are made in China and imported into Brazil by businesses, institutions, and individuals resident in Brazil.

Importation does not involve the following options:

Option b, whereby "China buys raw materials such as iron ore from Brazil."  For Brazil, this is an export.

Option c, whereby "Brazilian companies invest heavily in the housing industry in the country."  This is domestic investment for Brazil.

Option d, whereby "Chinese companies invest in Brazilian industry."  This is known Foreign Direct Investment (FDI).

Thus, when Brazilian persons import products and services from another country, they are classified as imports and not exports or domestic investments.

Learn more about imports and exports at https://brainly.com/question/19951960

In 2018, internal auditors discovered that Fay, Inc., had debited an expense account for the $4,600,000 cost of a machine purchased on January 1, 2015. The machine's useful life was expected to be 20 years with no residual value. Straight-line depreciation is used by Fay. The journal entry to correct the error will include a credit to accumulated depreciation of:_____.

Answers

Answer:

$230,000

Explanation:

Depreciation Charge (Straight line) = (Cost - Residual Value) ÷ Estimated Useful Life

therefore,

2018 Depreciation Charge = ($4,600,000 - $ 0) ÷ 20

                                               = $230,000

The journal entry to correct the error will include a credit to accumulated depreciation of $230,000

Pietro Frozen Foods, Inc., produces frozen pizzas. For next year, Pietro predicts that 50,000 units will be produced, with the following total costs: Direct materials $150,000 Direct labor 50,000 Variable overhead 30,000 Fixed overhead 220,000 Required: If required, round your answers to the nearest cent. 1. Calculate the prime cost per unit. $fill in the blank 1 per unit

Answers

Answer:

1. $3,600

2. $6,100

3. $4,100

4. $8,500

5. Variable units costs stay the same. Fixed overheads are already incurred so they are not affected. So Variable Costs vary with the number of additional units produced that is 5,000 units.  Product Cost = $8,500

Explanation:

Hi, I have attached the full question as pdf below !

Prime Cost is the total of direct materials and direct labor.

Conversion Costs is the total of direct labor and overhead costs.

Variable Costs is the total of direct labor, direct materials and variable overheads.

Total Product Cost is the Sum of all Manufacturing Costs

Because your patented Gidgit is starting to gain attention and investors are starting to show interest, the executive committee is considering becoming a publicly held company by selling the company to the government.
True
False

Answers

Answer:

False.

Explanation:

Patent can be defined as the exclusive or sole right granted to an inventor by a sovereign authority such as a government, which enables him or her to manufacture, use, or sell an invention for a specific period of time.

Generally, patents are used on innovation for products that are manufactured through the application of various technologies.

Basically, the three (3) main ways to protect an intellectual property is to employ the use of trademarks, copyright and patents.

In this scenario, Because your patented Gidgit is starting to gain attention and investors are starting to show interest, the executive committee is considering becoming a publicly held company.

Since Gidgit is patented it cannot be sold to the government because it is a registered intellectual property that cannot be used or sold without the approval or consent of the owner.

The following transactions for the month of March have been journalized and posted to the proper accounts. Mar. 1 The business received a $9,000 cash contribution from the owner. Mar. 2 Paid the first month's rent of $600. Mar. 3 Purchased equipment by paying $4,000 cash and executing a note payable for $5,000. Mar. 4 Purchased office supplies for $600 cash. Mar. 5 Billed a client for $10,000 of design services completed. Mar. 6 Received $8,000 on account for the services previously recorded. What is the balance in Accounts Receivable

Answers

Answer:

$2,000

Explanation:

Calculation for What is the balance in Accounts Receivable

Credit sales $10,000

Less : Collection ($8,000)

Account receivable $2,000

Therefore the balance in Accounts Receivable will be $2,000

Frankenberger Company, which uses a weighted-average process-costing system, had 7,000 units in production at the end of the current period that were 60% complete. Material A is introduced at the beginning of the process; material B is introduced at the end of the process; and conversion cost is introduced evenly throughout manufacturing. Equivalent-unit production costs follow. Material A: $12.50 Material B: $2.00 Conversion cost: $6.60 The cost of the company's ending work-in-process inventory is:

Answers

Answer:

the ending work in process inventory is $115,220

Explanation:

The computation of the cost of the company ending work in process inventory is as follows:

Material A introduced at the starting = $12.5

Conversion Cost = $6.6 × 60% = $3.96

Total cost is

= $12.5 + $3.96

= $16.64

Now

WIP ending inventory is

= $16.64 × 7,000 units

= $115,220

Hence, the ending work in process inventory is $115,220

The cost of the company's ending work-in-process inventory is: $115,220.

First step is top calculate the conversion cost

Conversion Cost = $6.6 × 60%

Conversion cost= $3.96

Second step is to calculate the Total cost

Total cost= $12.5 + $3.96

Total cost= $16.64

Third step is to calculate the ending work-in-process inventory

Ending work-in-process inventory= $16.64 × 7,000 units

Ending work-in-process inventory= $115,220

Inconclusion the cost of the company's ending work-in-process inventory is: $115,220.

Learn more here:https://brainly.com/question/22044543

The purpose of growth accounting is to estimate the contribution each component of the aggregate production function makes to overall economic growth. estimate the growth rate of an economy. use the change in total factor productivity to estimate the growth rate of an economy. estimate the extent to which growing costs are affecting the overall performance of an economy.

Answers

Answer:

Estimate the contribution each component of the aggregate production function makes to overall economic growth

Explanation:

Growth accounting is a quantitative tool used to estimate the contribution each component of the aggregate production function makes to overall economic growth.

Growth accounting was first developed by Robert Solow.

The growth accounting equation is :

Capital Growth*(Weight of Capital's Contribution) + Labour Growth*(Weight of Labour's Contribution) + Technological Advancement

Lloyd is the CFO for a firm that uses ISOs as part of its executive compensation plan. He receives $150,000 annually, paid semimonthly, in base salary plus 25 shares of the firm's stock per month. The stock is omitted from gross pay calculations and is valued at $52.50 per share and he may exercise his option within five years at $0.10 per share. What is Lloyd's gross pay for mid-October

Answers

Answer:

Lloyd

Gross pay for mid-October is $6,250.

Explanation:

a) Data and Calculations:

Annual base salary = $150,000

Bi-weekly base salary = $6,250 ($150,000/24)

ISO = 25 shares per month valued at $52.50 per share = $1,312.50

Bi-weekly ISO = $656.25 ($1,212.50/2)

Option exercise price = $0.10 per share

b) ISOs mean incentive stock options, which are performance-based compensations to company executives in the form of shares.

c) The calculation of the mid-October gross pay is based on the division of Lloyd's annual base salary by 12 months * 2 (24 mid-months).

Which option identifies the farm to fork benefit demonstrated in the following scenario?

Herb owns a restaurant that is committed to the farm to fork concept. Accordingly, he buys from local farmers, his customers are mostly from the surrounding area, and he makes his financial transactions with his hometown bank. Also, Herb spends his profits at locally owned businesses.

doing business locally to reduce tax burdens
using a diverse selection of products found locally
keeping money local to strengthen the local economy
staying local to reduce waste and pollution

Answers

Answer:

using a diverse selection of products found locally

Explanation:markme brainliest

Consider a firm making production decisions in the short run. Select the statement(s) that must be correct. Choose one or more: A. Average total cost will always exceed average variable cost. B. Average total cost cannot decline as output increases, at any level of output. C. Average fixed cost cannot increase with output, at any level of output. D. Average variable cost is always above the average fixed cost. E. Average variable cost cannot decline with output, at any level of output.

Answers

Answer:

A). Average total cost will always exceed average variable cost.

C). Average fixed cost cannot increase with output, at any level of output

Explanation:

In the short term, a company that increases its profits will increase production if the marginal cost is less than the marginal income. Reduction in production if marginal cost exceeds marginal income. Continue production when the average variable cost is less than the unit.        so correct answer is A and C

Use the following bond quotes to answer this question:
Company Coupon Maturity High Low Last Change Yield
Talliru Co 7.60 Nov 2012 100.05 99.68 99.89 0.02
Zeus 8.25 Apr 2016 102.41 101.87 102.03 -0.10
The Zeus Company bond pays interest semi-annually. You own six of these bonds. What is the amount you will receive as your next interest payment?
A. $247.50
B. $76.00
C. $228.00
D. $304.00
E. S190.00

Answers

Answer:

a. $247.50

Explanation:

As bonds are semi annual, every 6 months interest payment will be mad

Face value = 1000

Coupon rate = 8.25%

Number of bonds = 6

Interest payment = 1000 * 8.25% * (6/12) * 6

Interest payment = $247.50

So, the amount i will receive as the next interest payment is $247.50.

Lofty Inc. is considering investing in a game which can provide the corporation with the following returns as the outcomes: Probability of Investment States Occurrence Returns State 1: Economic boom 18% 20% State 2: Economic growth 42% 16% State 3: Economic decline 30% 3% State 4: Depression 10% -25% Calculate the expected rate of return for this investment.

Answers

Answer: 16.82%

Explanation:

The expected return of an investment is a weighted average of the different returns given the probabilities that certain states occur in the economy.

=( 18% * 20%) + (42% * 16%) + (30% * 3%) + (10% * -25%)

= 0.036 + 0.0672 + 0.009 - 0.025

= 0.1682

= 16.82%

g 4. The price of a home is $197,000. The bank requires 20% down payment and four points at closing. The cost of the home is financed with a 30-year fixed-rate mortgage at 4.25%. a. Find the required down payment. b. Find the amount of the mortgage. c. How much will be paid for the four points at closing

Answers

Answer:

a. $39,400

b. $157,600

c. $6,304

Explanation:

a. Down payment

Bank requires 20% down payment

= 20% * 197,000

= $39,400

b. Mortgage amount

= Price of house - down payment

= 197,000 - 39,400

= $157,600

c. Amount at 4 points:

= Mortgage * 4%

= 157,600 * 4%

= $6,304

Company C had the following investment. Help them determine the financial statement implications of the investment. Tax rate 21% Estimated tax payment 21,000 Investment cost and ending fair values for 20X1 and 20X2: 20X1 20X2 Cost 100,000 100,000 Fair value 110,000 134,000 Total gain 10,000 34,000 20X1 income statement information: Sales 1,670,200 Expenses 1,536,600 Assuming the investement is short-term, what is the ending balance of taxes payable on the 20X1 balance sheet?

Answers

Answer:

$9,156

Explanation:

Income = (Sales-expenses) + $10,000

Income = ($1,670,200 - $1,536,600) + $10,000

Total income = $143,600

Tax = Income * Tax Rate = $143,600 * 0.21 = $30,156

Now, total taxes payable is $30,156,but they estimated that payment to be $21,000, So company C has reserved $21,000 for future tax payments

So, Net deferred tax payable = $30,156 - $21,000 = $9,156. Therefore, ending balance of taxes payable on the 20X1 balance sheet is $9,156.

Golf World sold merchandise to Mulligans for $83,000, offering terms of 1/15, n/30. Mulligans paid for the merchandise within the discount period. Both companies use perpetual inventory systems.

a. Prepare journal entries in the accounting records of Golf World to account for this sale and the subsequent collection. Assume the original cost of the merchandise to Golf World had been $6,500.
b. Prepare journal entries in the accounting records of Mulligans to account for the purchase and subsequent payment. Mulligans records purchases of merchandise at net cost.
c. Assume that, because of a change in personnel. Mulligans failed to pay for this merchandise within the discount period. Prepare the journal entry in the accounting records of Mulligans to record payment after the discount period.

Answers

Answer and Explanation:

The journal entries are shown below:

a.

Account receivable Dr $83,000

          To Sales $83,000

(Being sales is recorded on account)

Cost of goods sold Dr $6,500

     To Inventory $6,500

(Being cost of the merchandise is recorded)

Cash $82,170

Sales discount $830 ($83,000 × 1%)

      To Account receivable $83,000

(being cash received is recorded)

b.

Inventory Dr $82,170

   To Account payable $82,170

(being inventory purchased on account)

Account payable Dr $82,170

       To Cash $82,170

(being cash paid is recorded)

c.

Account payable $82,170

Lost on purchase discount $830

    To Cash $83,000

(Being cash payment is recorded)

The essential characteristics of financial statement fraud are: The misstatement is material and intentional and the users of the financial statements are investors in publicly traded companies. This misstatement is material and intentional and the preparers of the financial statements have a fiduciary obligation to the organization. The misstatement is material and intentional and the preparers of the financial statements fail to report the misstatement to the SEC or other applicable authority. The misstatement is material and intentional and the users of the financial statements have been misled.

Answers

Answer:

The misstatement is material and intentional and the users of the financial statements have been misled.

Explanation:

Financial statement fraud is defined as the intentional misstatement or ommision of information on the financial statement that is aimed at deceiving users of financial statement.

When a fraud is perpetrated the act is an intentional attempt to misrepresent a situation to illegally gain something that is not legally yours.

For example financial statement fraud can be done to obtain a loan or inflate the price of company shares.

Usually profits, assets, and revenue are overstated. While liabilities, expenses, and losses are understated

On January 1, 2020, Sunland Company purchased land for an office site by paying $2680000 cash. Sunland began construction on the office building on January 1. The following expenditures were incurred for construction: Date Expenditures January 1, 2020 $ 1780000 April 1, 2020 2530000 May 1, 2020 4490000 June 1, 2020 4720000 The office was completed and ready for occupancy on July 1. To help pay for construction, and purchase of land $3650000 was borrowed on January 1, 2020 on a 9%, 3-year note payable. Other than the construction note, the only debt outstanding during 2020 was a $1400000, 12%, 6-year note payable dated January 1, 2020. Assume the weighted-average accumulated expenditures for the construction project are $4300000. The amount of interest cost to be capitalized during 2020 is

Answers

Answer:

Sunland Company

The amount of interest cost to be capitalized during 2020 is:

= $948,000.

Explanation:

a) Data and Calculations:

Cost of purchased land = $2,680,000

Construction expenditures:

Date                        Expenditures:

January 1, 2020       $ 1,780,000

April 1, 2020              2,530,000

May 1, 2020               4,490,000

June 1, 2020             4,720,000

Total expenditure $13,520,000

Weighted-average accumulated expenditures = $4,300,000

Debts:

January 1, 2020, 9%, 3-year note payable = $3,650,000

January 1, 2020, 12%, 6-year note payable balance = $1,400,000

Interests capitalization:

Weighted-average accumulated expenditures = $451,500 ($4,300,000 * 10.5%)

3-year note payable = $328,500 ($3,650,000 * 9%)

6-year note payable balance = $168,000 ($1,400,000 * 12%)

Total interest to be capitalized = $948,000

Thompson Refrigerators Inc. needs to prepare pro forma financial statements for the next fiscal year. To do so, the company must forecast its total overhead cost. The actual machine hours and total overhead cost are presented below for the past six months. Month Total Overhead Machine Hours Jan. $8,258 2,134 Feb. 8,006 2,045 Mar. 8,387 2,276 Apr. 8,832 2,743 May 8,921 2,834 June 7,841 2,034 Using the high-low method, total monthly fixed overhead cost is calculated to be:

Answers

Answer:

$5,095.10

Explanation:

The computation of the total monthly fixed overhead cost using the high-low method is given below:

But before that the variable cost per unit is

Variable cost per unit is

= [Total cost at highest level - Total cost at lowest level] ÷ [Highest level - Lowest level]

= ($8,921 - $7,841) ÷ (2,834 - 2,034)

= $1.35

Now

The total fixed cost for the month is

= $8921 - (1.35 × 2,834)

= $5,095.10

Sailmaster makes high-performance sails for competitive windsurfers. Below is information about the inputs and outputs for one model, the Windy 2000. (Please note that the second part of this question is different from other examples found online).
Units sold 1,217
Sales price each $1,700
Total labor hours 46,672
Wage rate $12/hour
Total materials $60,000
Total energy $4,000
Calculate:
I. the productivity in sales revenue/labor expense
(I think that I have done this part correctly; part II is what I don't understand)
(1217 x 1700) / (46672 x 12) =
2068900 / 560064 = 3.69
II. the total productivity.
I understand that total productivity could be expressed in units sold, or dollars of sales; please show both.

Answers

Answer and Explanation:

The computation is shown below:

a. The productivity in terms of sales revenue / labor expense:

Sales revenue = Units sold × sales price

= 1,217 × $1,700

= $2,068,900

Labor expense = Total labor hours × wage rate

= 4,6672 × $12

= $560,064

Now sales revenue to labor expense is

= $2,068,900 ÷ $560,064

= 3.69

2. Total productivity

As we know that

Total productivity =Output ÷ (labor + material + energy)

= ($2,068,900) ÷ ($560,064 +  $60,000 + $4,000)

= $2,068,900 ÷ $624,064

= $3.315

Use the following items to prepare a balance sheet and a cash flow statement. Determine the total assets, total liabilities, net worth, total cash inflows, and total cash outflows. Balance Sheet and Cash Flows Rent for the month$1,240 Monthly take-home salary$3,420 Cash in checking account 700 Savings account balance 2,110 Spending for food 820 Balance of educational loan 2,930 Current value of automobile 8,590 Telephone bill paid for month 69 Credit card balance 236 Loan payment 177 Auto insurance 239 Household possessions 3,680 Stereo equipment 3,240 Payment for electricity 110 Lunches/parking at work 271 Donations 169 Home computer 1,870 Value of stock investment 1,750 Clothing purchase 148 Restaurant spending 177

Answers

Answer:

1. Balance Sheet:

Assets:

Cash in checking account       $700

Savings account balance         2,110

Current value of automobile 8,590

Home computer                      1,870

Value of stock investment     1,750

Household possessions       3,680

Stereo equipment                 3,240   $21,940

Liabilities:

Balance of educational loan 2,930

Credit card balance                 236    $3,166

Net Worth                                          $18,774

2. Cash Flows:

Cash Inflows:

Monthly take-home salary $3,420

Outflows:

Rent for the month            $1,240

Spending for food                  820

Telephone bill paid for month 69

Auto insurance                       239

Payment for electricity             110

Lunches/parking at work        271

Donations                                169

Clothing purchase                  148

Restaurant spending              177

Loan payment                         177

Total cash outflows         $3,420

Explanation:

Monthly take-home salary $3,420

Rent for the month $1,240

Spending for food 820

Telephone bill paid for month 69

Auto insurance 239

Payment for electricity 110

Lunches/parking at work 271

Donations 169

Clothing purchase 148

Restaurant spending 177

Loan payment 177

Assets:

Cash in checking account 700

Savings account balance 2,110

Current value of automobile 8,590

Home computer 1,870

Value of stock investment 1,750

Household possessions 3,680

Stereo equipment 3,240

Liabilities:

Balance of educational loan 2,930

Credit card balance 236

Green Valley Exporters USA has $100,000 of before tax foreign income. The host country has a corporate income tax rate of 25% and the U.S. has a corporate income tax rate of 35%. If the U.S. has a bilateral trade agreement with the host country that calls for the total tax paid to be equal to the maximum amount that could be paid in the highest taxing country, what is the total amount of income taxes Green Valley Exporters will pay to the host country, and how much will they pay in U.S income taxes on the foreign earned income

Answers

Answer:

Amount paid in host country will be = Income * Tax rate in host country = $100,000*25% = $25,000

Amount paid in US will be Income * Tax rate in US - Tax paid in host country (Since the tax rate in host country is lower than USA) = $100,000*35% - $25,000 = $35,000 - $25,000 = $10,000

ABC Services reported the following transactions for September, 2013. A) The owner opened the business with a capital contribution of $23,500 cash. It was credited to Capital. B) The business purchased office equipment for $11,500. The business paid $2,500 cash down and put the balance on a note payable. C) The business paid insurance expense of $1,350 cash. D) The business paid a utility bill for $980 cash. E. The business paid $2,000 cash for September rent. F. The business had sales of $12,000 in September. Of these sales, 60% were cash sales, and the balance was credit sales. G. The business paid $9,700 cash for office furniture. What are the total liabilities at the end of September, 2013

Answers

Answer:

ABC Services

The total liabilities at the end of September, 2013

= $9,000

Explanation:

a) Data and Calculations:

Capital contribution = $23,500

Equipment = $11,500

Cash payment for equipment = $2,500

Note payable on equipment = $9,000

Insurance expense paid = $1,350

Utility expense paid = $980

Rent paid = $2,000

Sales = $12,000

Cash Sales = $7,200 (60% of $12,000)

Credit Sales = $4,800 (40% of $12,000)

Office furniture paid = $9,700

Therefore, total liabilities at the end of September, 2013 = $9,000.  This represents the note payable for the office equipment purchased in B.

Four different corporations, Amber, Blue, Coral, and Daffodil, show the same balance sheet data at at the beginning and end of a year. These data, exclusive of the amount of stockholders' equity, arere summarized as follows:
Total Assets Total Liabilities
Beginning of the year $1,220,000 $990,000
End of the year 1,730,000 1,150,000
On the basis of the preceding data and the following additional information for the year, determine the net income (or loss) of each company for the year. (First determine the amount of increase or decrease in stockholders' equity during the year).
Amber: No additional common stock was issued and no dividends were paid.
Blue: No additional common stock was issued, but dividends of $60,000 were paid.
Coral: Additional common stock of $140,000 was issued, but no dividends were paid.
Daffodil: Additional common stock of $140,000 was issued and dividends of $60,000 were paid.

Answers

Answer:

Amber

Change in stockholders' equity = $580,000 - $230,000 = $350,000

No additional shares issued, so net income = $350,000

Blue

Change in stockholders' equity = $580,000 - $230,000 = $350,000

No additional shares issued, but dividends paid for $60,000, so net income = $410,000

Coral

Change in stockholders' equity = $580,000 - $230,000 = $350,000

Additional shares issued for $140,000, so net income = $210,000

Daffodil

Change in stockholders' equity = $580,000 - $230,000 = $350,000

Additional shares issued for $140,000, dividends paid for $60,000, so net income = $270,000

Wattan Company reports beginning inventory of 10 units at $60 each.
Every week for four weeks it purchases an additional 10 units at respective costs of $61, $62, $65 and $70 per unit for weeks 1 through 4. Assume that no sales occur during those four weeks.
1. Calculate the cost of goods available for sale and
2. the units available for sale for this four week period.

Answers

Answer:

1. $3,180

2. 50 units

Explanation:

1. Calculation for the cost of goods available for sale

Beginning Inventory 10units *$60= $600

Week 1 purchase 10 units*$61=$ 610

Week 2 purchase 10units* $62=$ 620

Week 3 purchase 10 units*$65= 650

Week 4 purchase 10units*$70= $700

Cost of goods available for sale =$3,180

($600+$610+$620+$650+$700)

Therefore the cost of goods available for sale will be $3,180

2. Calculation for the units available for sale for this four week period.

Units available for sale =10 units+10 units+10 units+10 units+10 units

Units available for sale=50 units

Therefore the units available for sale for this four week period will be 50 units

Below are certain events that took place at Hazzard, Inc., last year: Collected cash from customers. Paid cash to repurchase its own stock. Borrowed money from a creditor. Paid suppliers for inventory purchases. Repaid the principal amount of a debt. Paid interest to lenders. Paid a cash dividend to stockholders. Sold common stock. Loaned money to another entity. Paid taxes to the government. Paid wages and salaries to employees. Purchased equipment with cash. Paid bills to insurers and utility providers. Required: Indicate how each of the transaction would be classified on a statement of cash flows. Place an X in the Operating, Investing, or Financing column as appropriate.

Answers

Answer:

Events                                                            Operating Investing Financing

a. Paid cash to repurchase its own stock.                                              X

b. Borrowed money from a creditor.                                                       X

c. Paid suppliers for inventory purchases.            X

d. Repaid the principal amount of a debt.                                              X

e. Paid interest to lenders.                                     X

f. Paid a cash dividend to stockholders.                                                 X

g. Sold common stock.                                                                             X

h. Loaned money to another entity.                                         X

i. Paid taxes to the government.                             X

j. Paid wages and salaries to employees.              X

k. Purchased equipment with cash.                                          X  

l. Paid bills to insurers and utility providers.           X

A company purchased $10,700 of merchandise on June 15 with terms of 2/10, n/45, and FOB shipping point. The freight charge, $850, was added to the invoice amount. On June 20, it returned $1360 of that merchandise. On June 24, it paid the balance owed for the merchandise taking any discount it is entitled to. The cash paid on June 24 equals:______

a. $10,003.
b. $9,224.
c. $11,550.
d. $11,210.
e. $11,11Ο.

Answers

Answer:

a. $10,003.

Explanation:

The terms of 2/10, n/45 means that there is a 2% discount if the payment is made within 10 days of the sales date and rhe net credit period is 45 days.

Calculate total invoice value

Total Invoice value = Merchandise value + Freight Charges = $10,700 + $850 = $11,550

As the payment is made on June 24 within the discount period, the discount will be availed

Discount = ( Purchases made - Returns ) x 2% = ( $10,700 - $1,360 ) x 2% = $186.80 = $187

Now the Amount paid

Amount Paid = Invoice value - Return - Discount avaialed = $11,550 - $1360 - 187 = $10,003

Over the past decade, many American candy companies have opened factories in Mexico and Canada to produce candy. The companies, including Hershey Company, Brach's Confections, and Ferrara Pan, then ship candy back to the United States for sale. Although lower wages in Mexico might explain part of this move, wages in Canada are comparable to U.S. wages. Price floors (price supports) for the sugar industry encouraged American candy companies to move production out of the United States. Describe how the enactment of a sugar price floor impacted the market for candy in the United States, resulting in the movement of manufacturing.

Answers

Answer:

The sugar industry in the US is very powerful and has been able to establish trade barriers and import quotas that affect domestic prices. Sugar prices in the US are extremely high compared to prices in any other country, including Canada, Mexico, China, European nation, i.e. American sugar is the most expensive in the world.

Besides imposing trade barriers, the government also imposes a binding price floor. Binding price floors always result in deadweight losses since the quantity demanded is lower than equilibrium. This is why American candy manufacturers move their production overseas. the highest cost in the candy industry is actually sugar, and wherever they decide to relocate their factories it will always be cheaper.

Following are transactions for Valdez Services, a company owned by Brina Valdez. Brina Valdez invested $27,300 cash in the company in exchange for common stock. The company provided services to a client and immediately received $840 cash. The company received $13,700 cash from a client in advance for services to be provided next year. The company received $2,100 cash from a client in partial payment of accounts receivable. 1. Prepare general journal entries for the above transactions of Valdez Services. 2. Listed below are three reasons why a transaction would not yield a revenue. Match each of the reasons to the transaction it properly describes.

Answers

Answer:

No     General Journal           Debit      Credit

1.        Cash                            $27,300  

               Capital, Brina Valdez             $27,300

          (To record investment)

2.       Cash                              $840  

                 Service revenue                    $840

          (To record service revenue)  

3.        Cash                              $13,700

                 Unearned service revenue    $13,700

           (To record unearned service revenue)  

4         Cash                               $2,100

                  Accounts receivable              $2,100

          (To record cash collection from accounts receivable)

2.

Suppose that a consumer has an initial endowment of 48.00 eggs. He is able to sell these eggs freely on the market for $1.00 per egg, but has no other income. However, he still demands some eggs himself. His demand is given by the following equation:
x1 = 16.00+ m/4p1
The price for eggs increases to $2.00 per egg. Calculate this consumer's endowment income effect.

Answers

Answer and Explanation:

The computation of the consumer's endowment income effect is as follows:

But before that following calculations must be done

Beginning value of the endowment,

m = 48 × 1

= 48

Now New value of endowment,

m' = 48 × new price

= 48 × 2

= 96

so,

Consumer's endowment income effect is

= x1(p1', m') - x1(p1', m)

= 28 - 22

= 6 eggs.

Working notes:

(x1(p1', m') is

= 16 + (96 ÷ 4 × 2)

= 16 + (96 ÷ 8)

= 16 + 12

= 28

And, x1(p1', m) is

= 16 + (48 ÷ 4 × 2)

= 16 + (48 ÷ 8)

= 16 + 6

= 22

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