Minajo received an electronic funds transfer (EFT) of R4 500 from AE debtor, in full settlement of her account of R5 000. Both Minajo and Gra not registered as VAT vendors. Which of the following is the correct op record the receipt in the accounting records of N Minajo? A) Debit bank account (R5 000), credit debtors' control (R4 500), and settlement discount granted account (R500). B) Debit bank account (R4 500), credit debtors control (R5 000), and settlement discount received account (R500). C) Debit debtors' control (R5 000), credit bank account (R 4 500), a settlement discount received account (R500). D) Debit bank account (R4 500), credit debtors' control account (R and debit settlement discount granted account (R500).
Answers
C) Debit debtors' control (R5,000), credit bank account (R4,500), and credit settlement discount received account (R500).
Since Minajo received an EFT of R4,500 from the debtor in full settlement of her account of R5,000, it implies that a settlement discount of R500 was granted. The entry should reflect the reduction in the debtors' control account and the recognition of the settlement discount received.Therefore, the correct entry would be to debit the debtors' control account for the full amount of R5,000, credit the bank account for the actual amount received of R4,500, and credit the settlement discount received account for the discount amount of R500.Since Minajo received an EFT of R4,500 from the debtor in full settlement of her account of R5,000, it implies that a settlement discount of R500 was granted. The entry should reflect
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Related Questions
explain the meaning of personal account,real account and nominal account,give five examples each
Answers
Answer:
An example of a Real Account is a Bank Account. A Personal account is a General ledger account connected to all persons like individuals, firms and associations. ... A Nominal account is a General ledger account pertaining to all income, expenses, losses and gains. An example of a Nominal Account is an Interest AccountHow do job seekers use the bureau of labor statistics occupational outlook handbook
Answers
Answer:
They explore general information about many types of jobs.
Explanation:
Job seekers use the Bureau of labor statistics occupational outlook handbook in order to gain information about the various jobs available.
What is the Bureau of labor statistics?A federal organization within the United States Department of Labour that collects, analyses, and publishes labor market data in the United States is recognized as The Bureau of Labour Statistics (BLS) which plays a crucial role in industry governance.
The Bureau of Labour Statistics is responsible to published the Occupational Outlook Handbook (OOH) published which is a great resource for job seekers seeking information on various jobs and industries.
This section contains thorough information on the education and training needs for various vocations, as well as any extra qualifications required for success in the sector.
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implementing security policies is easier if you manage it from a change model perspective. the first step of this model is to create urgency. who is responsible for conveying urgency to business leaders?
Answers
Creating urgency is an essential step in enforcing security programs. It's the responsibility of the security team or the IT department to convey the urgency to the business leaders.
The security platoon should give a clear and terse explanation of the pitfalls and implicit consequences of a security breach. They should present the business leaders with a comprehensive report of the current security posture and identify the gaps that need to be addressed urgently. The report should also outline the benefits of enforcing the security programs and the negative impact of delaying the perpetration.
By communicating the urgency effectively the security platoon can gain the attention and support of the business leaders and secure the necessary fund to apply the security programs.
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Which of the following is true when workers specialize in the production of one good
A) there is increased competition among the producers of similar goods
B) The quantity of output produced by the worker increases
C) The satisfaction of the worker increases
D) The cost of producing the good increases
Answers
The statement that is true when workers specialize in the production of one good is: A) there is increased competition among the producers of similar goods.
What is specialization?Specialization means to be an expertise when it comes to production of goods and service.
When employee are specialize in the production of goods it tend to lead to more competition between manufacturer that produce similar products.
Therefore the correct option is A.
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HELP ME PLEASE
Based on the cell theory, which of the following is true? (5 points)
All cells are too small to be seen.
All living things are made of cells.
Small organisms have more cells than large organisms.
Large organisms have larger cells than small organisms.
5.
(04.02 LC)
Anton Leeuwenhoek devised a primitive microscope to observe a sample of his tooth scrapings. How did this help contribute to cell theory? (5 points)
It helped to show that cells cannot function independently.
It helped to show that some bacteria can swim like fish.
It helped to show that some bacteria are just one cell.
It helped to show that cells can be created from thin air.
6.
(04.02 MC)
A scientist eliminated all living organisms in a jar of soup by heating it. He then left the soup jar uncovered for some days. After a few days, he saw molds in the soup. What most likely formed the mold? (5 points)
Mold spores present around the jar
Nonliving matter in the environment
Water molecules in the soup
Glass particles in the jar
7.
(04.02 LC)
A scientific theory is different than the way we use the word theory in common speech. Which of the following describes the way the term theory is used in everyday life? (5 points)
It explains how nature works.
It is supported by observation and testing.
It is supported by experimental results and data.
It is a random guess about how something happened.
8.
(04.02 MC)
Read the two statements given below.
Statement 1: Children knocked over the trash can while cycling
Statement 2: Plant cells generate from sunlight and chlorophyll
Which of the following best relates the statement to the correct type of theory? (5 points)
Both statements are about scientific theories.
Both statements are about everyday life theories.
Statement 1 is about an everyday life theory, and statement 2 is about a scientific theory.
Statement 1 is about a scientific theory, and statement 2 is about an everyday life theory.
9.
(04.03 LC)
Which number label represents the nucleus?
6
5
3
2
10.
(04.03 LC)
Which organelle provides protection and support to a cell? (5 points)
Cell wall
Cytoplasm
Nucleus
Ribosome
11.
(04.03 MC)
Plant cells and animal cells were observed under a microscope. The characteristics of two cells are listed below.
Cell X: Has chloroplast
Cell Y: Does not have a cell wall
Which statement about the two cells is correct? (5 points)
Cell X has a cell membrane.
Cell X has a small vacuole.
Cell Y has a large vacuole.
Cell Y has chloroplast.
12.
(04.03 MC)
What will most likely happen in the absence of a cell wall? (5 points)
Photosynthesis will not occur.
The cell will lose its shape and support.
Cellular respiration will not take place.
Substances will not move in and out of the cell.
Answers
Answer:
I only know the answer to the last question, sorry.
The cell will lose its shape and support
Explanation:
I took the quiz.
in brain development, the period of asymmetrical division lasts about ___ months.
Answers
In brain development, the period of asymmetrical division lasts about 5 months.
Asymmetrical division refers to the type of cell division that occurs when the cells are reproducing. Asymmetrical cell division generates two daughter cells, one of which is identical to the mother cell, while the other has acquired new characteristics.
The neuroblast, a cell that can create many diverse neurons, undergoes a lot of this division. Brain development is the process by which the brain grows and changes during infancy and childhood. The process starts with the fertilization of the egg, which grows into an embryo.
The neural tube develops into the brain and spinal cord as a result of this process. The neurons migrate to their final positions and develop into the appropriate types of cells after the formation of the brain regions.
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Julia Dumars is a licensed CPA. During the first month of operations of her business, Splish Brothers Inc., the following events and transactions occurred.
May 1st Stockholders invested $21,400 cash in exchange for common stock
May 2nd Hired a secretary-receptionist at a salary of $2,600 per month
May 3rd Purchased $2,400 of supplies on account from Vincent Supply Company
May 7th Paid office rent of $720 cash for the month
May 11th Completed a tax assignment and billed client $2,700 for services performed
May 12th Received $2,600 advance on a management consulting engagement
May 17th Received cash of $1,600 for services performed for Orville Co.
May 31st Paid secretary-receptionist $2,600 salary for the month
31st Paid 40% of balance due Vincent Supply Company
Julia uses the following chart of accounts: No. 101 Cash, No. 112 Accounts Receivable, No. 126 Supplies, No. 201 Accounts Payable, No. 209 Unearned Service Revenue, No. 311 Common Stock, No. 400 Service Revenue, No. 726 Salaries and Wages Expense, and No. 729 Rent Expense
Answers
The events and transactions for Splish Brothers Inc. during the first month of operations can be summarized as follows:
What are the financial effects of the events and transactions for Splish Brothers Inc.?1. On May 1st, the stockholders invested $21,400 cash in exchange for common stock. This increases the company's cash (No. 101) and common stock (No. 311) accounts.
2. On May 2nd, the company hired a secretary-receptionist at a monthly salary of $2,600. This results in an increase in the salaries and wages expense (No. 726) account.
3. On May 3rd, supplies worth $2,400 were purchased on account from Vincent Supply Company. This increases the supplies (No. 126) account and creates an accounts payable (No. 201) liability.
4. On May 7th, the company paid $720 cash for office rent for the month, reducing the cash (No. 101) account and increasing the rent expense (No. 729) account.
5. On May 11th, a tax assignment was completed and the client was billed $2,700 for services performed. This increases the accounts receivable (No. 112) and service revenue (No. 400) accounts.
6. On May 12th, the company received $2,600 in advance for a management consulting engagement, increasing the unearned service revenue (No. 209) account.
7. On May 17th, the company received $1,600 cash for services performed for Orville Co., increasing the cash (No. 101) account and service revenue (No. 400) account.
8. On May 31st, the secretary-receptionist was paid a monthly salary of $2,600, reducing the cash (No. 101) account and increasing the salaries and wages expense (No. 726) account.
9. Also on May 31st, 40% of the balance due to Vincent Supply Company was paid, reducing the accounts payable (No. 201) and cash (No. 101) accounts.
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What is receptive skills ?
Answers
Answer: They are skills where the person receives information.
Explanation: When it comes to receptive skills, it is where the person learns by receiving information. A common way to develop receptive skills is through reading and listening. A person who reads is someone who is receiving knowledge through the process of identifying the knowledge that he sees, while the person who listens receives it through hearing.
When preparing the operating activities section of the statement of cash flows using the indirect method, adding a decrease in accounts receivable to net income allows the inclusion of transactions that ______.
Answers
Adding a decrease in accounts receivable to net income allows the inclusion of transactions that increased cash, but did not affect net income to decreased cash. Hence,
What is net income?What's left over after taxes and other withholdings have been taken out of your paycheck is known as your take-home pay, or net income. Net income is the amount of money left over after all business costs have been covered.
To calculate net income, start with gross income, which is the whole amount of money produced. Then, subtract charges like taxes and interest payments. The amount that an individual really receives from their paycheck each month—as opposed to the gross amount they are paid before payroll deductions—is known as their net income.
Thus, option A is correct.
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The options are missing-
Multiple choice question.
a) increased cash, but did not affect net income decreased cash, but did not affect net income
b) increased cash and increased net income decreased cash and decreased net income
Victor is employed by Appliance Company. All full-time employees are allowed to purchase appliances at the company's cost plus 10%. The employees are also given, at no cost, a one-year service contact on all the goods purchased from the Company. Victor purchased a refrigerator for $500. The Company's normal selling price for the refrigerator is $800. Victor also received a service contract at no charge that had a value of $150. During the year, Victor was required to have his refrigerator serviced once. The cost of the call would have been $75 if he had not had the service contract. Is Victor required to recognize any income from the purchase of the refrigerator, the receipt of the service contract, and the service call?
Answers
Yes, Victor is required to recognize income from purchase of refrigerator, receipt of service contract, and service call. The receipt of service contract, and service call total $475 ($250 + $150 + $75), which should be included in his gross income for the year.
The cost of the refrigerator to Victor was $550 ($500 + 10% of $500), which is less than normal selling price of $800. Therefore, the discount provided to Victor by the company is considered a taxable fringe benefit.
The value of the fringe benefit is the difference between the cost to Victor and the normal selling price of the refrigerator, which is $250 ($800 - $550). This amount should be included in Victor's gross income for the year.
In addition, the service contract provided to Victor at no charge has a value of $150. The receipt of the service contract, and the service call total $475 ($250 + $150 + $75).
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How many days does the pay stub cover?
Answers
Answer:
Pay stubs are usually an extent of 30 days which is a month.
Question 4 of 10
What is equitable relief?
A. Court-ordered action that directs parties to do or not to do
something
B. A trial decided by a jury rather than a judge
C. Monetary payments to make things right with a plaintiff
D. Damages and injunctions
SUBMIT
Answers
Answer:
A
Explanation:
A court-ordered action that directs parties to do or not to do something
The _____ is a voice for small business.
SCORE
SBDC
SBA
PLEASE HURRY 15 POINTS AND BRAINLIST TO FIRST PERSON TO ANSWER CORRECTLY
Answers
Answer:
I believe it's the SBDC but I'm not 100% sure tho
Answer:
SBA
Explanation:
its also called NFIB i think
Which government agency would be responsible for testing for leaded paint
in imported toys from China?
A. Consumer Product Safety Commission
B. Environmental Protection Agency
C. Food and Drug Administration
O
D. Federal Trade Commission
Answers
Answer:
A. Consumer Product Safety Commission
Explanation:
When the high lead levels were detected during a routine inspection, the Consumer Product Safety Commission (CPSC) issued a recall, the first for a lead-contaminated toy in 2007.
Consumer Product Safety Commission, government agency would be responsible for testing for leaded paint in imported toys from China. Thus, option (a) is correct.
What is a government agency?A permanent or semi-permanent organization inside the federal or state government is referred to as a government agency. Federal agencies are specialized government institutions created for a particular function, such as resource management, financial regulation of specific sectors, or matters of national security.
On October 24, 1972, the Consumer Product Safety Commission was founded. The Consumer Product Safety Commission (CPSC) issued a recall after the excessive lead levels were found during a routine inspection, the first for a lead-contaminated toy in 2007. The CPSC works to reduce "unreasonable risks" of harm in order to advance the safety of consumer products.
As a result, the conclusion of the Consumer Product Safety Commission is a government agency. Therefore, option (a) is correct.
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What else can be added as a bonus to employees to keep them at your company?
Answers
Answer:
Explanation:
Maybe give them a raise
Characteristics of budgets include: (Check all that apply.) Multiple select question. a focus on the past. typically span a month, quarter or one year. expressed in monetary terms. formal statement of a company's plans. typically span 5 to 10 years. expressed in nonfinancial terms.
Answers
Answer:
I. typically span a month, quarter or one year.
II. expressed in monetary terms.
III. formal statement of a company's plans.
Explanation:
A budget is a financial plan used for the estimation of revenue and expenditures of an individual, organization or government for a specified period of time, often one year.
Basically, budgets are usually compiled, analyzed and re-evaluated on periodic basis such as monthly, quarterly or annually.
Some of the important characteristics of budgets include:
I. It typically span a month, quarter or one year.
II. It's expressed in monetary terms.
III. It's a formal statement of a company's plans.
Furthermore, some of the benefits of having a budget are; it aids in setting goals, earmarking revenues and resources, measuring outcomes and planning against contingencies.
Complete this paragraph about the impact of trade on American jobs based on the video you just watched.
New Balance manufactures its shoes in
. The Obama administration proposed a trade agreement called the
. It is
to hire Vietnamese workers than American workers. New Balance executives are hoping to avoid their workers losing their
because of the trade agreement.
Answers
Answer:
The radius of the earth is 6371 km and the weight of an object on the earth is 800 N. The weight of the object at an altitude of 6371 km above the surface of the earth
Answer:
New England
Trans-Pacific Partnership
10 times cheaper
Jobs
Explanation:
Antitrust laws have been implemented by governments to promote _____.
A. price fixing
B. competition
C. monopolies
D. bid rigging
Answers
Antitrust laws are implemented by both federal and state governments to promote B. Competition among firms.
Without these Antitrust laws implemented by governments, some companies will stifle competition and tend towards monopolies. Antitrust laws check collusion among market players who may engage in price fixing and other anti-competition practices against consumers. Particularly, these Antitrust laws frown on the formation of cartels and the concentration of economic power in fewer hands.Thus, Antitrust laws are not implemented to promote price fixing, monopolies, or bid rigging but to promote competition.
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Answer:
B. competition
Regular inspection of product quality in a long running, established manufacturing process (regular consumer goods), using the same amount of resources every inspection, can most likely be considered to be:
Answers
A manufacturing process where the same method is used with same amount of resources for every inspection can most likely considered to be either a value added activity or a business value added activity.
What is a manufacturing process?A process which involves the production of finished goods by using the methods of compilation of supplies and raw materials with a set formula, is known as a manufacturing process.
Hence, option D holds true regarding the manufacturing process. The complete question has been attached as an image for better reference.
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Draw a break-even point graph and indicate all the lines, break-even point, and cost areas. (8) Use ADDENDUM A to calculate the break-even point in Rand value with a profit target given the following scenario of M&I that sells Milkshakes and Ice cream: • Selling price for Milkshakes: R 30 Cost price for Milkshake: R18 Selling price for Ice cream: R 15 Cost price for Ice cream: R7.50 Calculate the Gross profit • Calculate the Gross profit % • Milkshakes represent 30% of all sales and Ice cream 70% of all sales • Calculate the Weighted Gross Profit % for the Milkshakes and Ice cream • Calculate the Weighted Average Gross Profit % for the two products. • Fixed costs amount to R8 000 and a profit target of R7500 is included in the break-even turnover with profit calculation. Calculate the break-even point in Rand value with the stated profit target
Answers
I can assist you with the calculations for the break-even point and other related information based on the provided scenario.
To calculate the break-even point, we need to consider the fixed costs, variable costs, and the profit target. Let's perform the calculations step by step:
Calculate the Gross Profit:
Gross Profit for Milkshakes = Selling Price - Cost Price = R30 - R18 = R12
Gross Profit for Ice cream = Selling Price - Cost Price = R15 - R7.50 = R7.50
Calculate the Gross Profit %:
Gross Profit % for Milkshakes = (Gross Profit for Milkshakes / Selling Price for Milkshakes) * 100 = (R12 / R30) * 100 = 40%
Gross Profit % for Ice cream = (Gross Profit for Ice cream / Selling Price for Ice cream) * 100 = (R7.50 / R15) * 100 = 50%
Calculate the Weighted Gross Profit % for Milkshakes and Ice cream:
Weighted Gross Profit % for Milkshakes = Gross Profit % for Milkshakes * Sales % for Milkshakes = 40% * 0.30 = 12%
Weighted Gross Profit % for Ice cream = Gross Profit % for Ice cream * Sales % for Ice cream = 50% * 0.70 = 35%
Calculate the Weighted Average Gross Profit % for the two products:
Weighted Average Gross Profit % = (Weighted Gross Profit % for Milkshakes + Weighted Gross Profit % for Ice cream) = 12% + 35% = 47%
Calculate the break-even point in Rand value with the stated profit target:
Break-even turnover = (Fixed Costs + Profit Target) / (Weighted Average Gross Profit %)
Break-even turnover = (R8,000 + R7,500) / 0.47 = R34,042.55 (rounded to the nearest Rand)
Therefore, the break-even point in Rand value, considering the profit target, is approximately R34,042.55.
Please note that these calculations are based on the information provided in the scenario.
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All of the following are potential advantages of decentralization EXCEPT
a. Frees top managements time
b. Encourages use of export knowledge
c. Potential duplication of costs
d. Provides training
Answers
All of following are "potential-advantages" of "de-centralization" EXCEPT (c) Potential duplication of costs.
Decentralization is defined as the process of delegating decision-making authority and responsibility from a central or top level of an organization to lower-level managers or departments within the organization.
The organization is distributing decision-making power to lower levels, allowing them to make decisions and handle day-to-day operations independently.
This can have potential advantages such as freeing up top management's time, encouraging the use of local or export knowledge, and providing training opportunities for lower-level managers. The potential duplication of cost is considered as a disadvantage.
Therefore, the correct option is (c).
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explain processes of distribution channels in economics
Answers
Answer:
Distribution channels in economics refer to the various intermediaries that are involved in the movement of goods and services from the producer to the final consumer. These intermediaries play a critical role in ensuring that products reach the end-users in the most efficient and effective manner possible.
The following are the processes involved in distribution channels in economics:
1. Producer: The first step in the distribution channel is the producer. The producer is the entity that creates the product or service. The producer may be a manufacturer, a farmer, or a service provider.
2. Wholesaler: The next step in the distribution channel is the wholesaler. The wholesaler buys products in bulk from the producer and then sells them to retailers. Wholesalers are often used when the producer cannot sell directly to retailers due to logistical or other reasons.
3. Retailer: The retailer is the next step in the distribution channel. The retailer buys products from the wholesaler or directly from the producer and then sells them to the final consumer. Retailers are often used when the producer cannot sell directly to the final consumer due to logistical or other reasons.
4. Consumer: The final step in the distribution channel is the consumer. The consumer is the end-user of the product or service. The consumer buys the product or service from the retailer.
5. Logistics: Logistics is an important process in the distribution channel. Logistics involves the movement of products from the producer to the retailer or directly to the consumer. Logistics includes transportation, storage, and delivery.
6. Marketing: Marketing is another important process in the distribution channel. Marketing involves promoting the product or service to potential consumers. Marketing includes advertising, public relations, and sales promotions.
7. After-sales service: After-sales service is the final process in the distribution channel. After-sales service involves providing support and assistance to consumers after they have purchased the product or service. After-sales service includes warranties, repairs, and customer service.
In conclusion, the distribution channel is a critical component of the economy. It ensures that products and services reach the end-users in the most efficient and effective manner possible. The various processes involved in the distribution channel include the producer, wholesaler, retailer, consumer, logistics, marketing, and after-sales service.
How important is money
Answers
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
Which of these careers include supervising others?
welder
welder
project manager
project manager
foreman
foreman
forklift operator
Answers
The careers that needed supervision of others are welder and foreman. Thus option (a) and (b) are correct.
Who is a welder?A welder is a skilled tradesperson who specializes in joining pieces of metal or thermoplastics together using various welding techniques.
Welders must have a good understanding of welding techniques and materials, as well as safety practices and regulations. They use a variety of tools and equipment such as welding machines, cutting tools.
The welder and foreman are the professions that need supervision of others. Therefore, option (a) and (b) are correct.
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Which of these would be most likely to be included in CPI
Answers
Answer:
Frozen Pizzas
Explanation:
Info from the video:
"To calculate this index, the US Bureau of Labor Statistics uses a predetermined fixed basket of goods and services and averaging them together. The goods and services in this basket are developed from a survey of expenditures provided by individuals and families in a typical urban household."
Frozen pizza is an expenditure that could be bought by individuals and families in a household.
April Corporation developed the following per-unit standards for its product: 2 pounds of direct materials at $3.75 per pound. Last month, 2,000 pounds of direct materials were purchased for $7,600. The direct materials price variance for last month was:
Answers
Answer:
100 (Unfavorable)
Explanation:
Standard price = $3.75
Actual price = 7,600 / 2,000 = $3.8
Actual quantity = 2,000
Direct materials price variance = (Standard price - Actual price) * Actual quantity
Direct materials price variance = ($3.75 - $3.8) * 2,000
Direct materials price variance = $0.05 * 2,000
Direct materials price variance = 100 (Unfavorable)
Rex is currently taking physics as one of his electives in school. His grade at the end of the year is determined by the average of four exams, each worth 100 points. On his first test he got an 84, on his second he got a 86, and on his third an 92. What must he score on his fourth exam to get an A (90%) in the course?
a. 98
b. 90
c. 88
d. 86
Answers
the answer is 90%because you add up every thing
Answer:
98%
Explanation:
How does American style differ from Japanese style? Japanese style is identified as casually elegant, often using very luxurious fabrics while American style is noted for being chic, sophisticated, and smart. Japanese style is identified as casually elegant, often using very luxurious fabrics while American style is noted for being chic, sophisticated, and smart. American style is identified as casual, athletic, and clean-cut while Japanese style is noted for having complicated cutting and structure. American style is identified as casual, athletic, and clean-cut while Japanese style is noted for having complicated cutting and structure. American style is identified as casually elegant, often using very luxurious fabrics while Japanese style is noted for being chic, sophisticated, and smart. American style is identified as casually elegant, often using very luxurious fabrics while Japanese style is noted for being chic, sophisticated, and smart. Japanese style is identified as casual, athletic, and clean-cut while American style is noted for having complicated cutting and structure.
Answers
Answer:
American style is identified as casual, and ethic and clean cut while japanese style is considered poorly and has been noted for having complicated cutting and structure
Explantion:
got it right on Edge 2022
The internal audit function reports to the CFO or ____ and the ____.
Answers
Reports from the internal audit function are given to the CFO or CEO as well as the Audit Committee of the Board of Directors.
What is the internal audit function?
Internal audit (IA) functions' main job is to promote operational sustainability and assist decision-makers in safeguarding organizational assets and reputations—tasks that have come under growing strain over the past year.
The CFO or CEO, as well as the Board of Directors' Audit Committee, receive reports from the internal audit division.
Determining conformity with policies and procedures is one of an audit department's main duties.
Evaluate the effectiveness of internal controls.
Internal auditing activities: assessing controls and offering guidance to managers at all levels. assessing dangers.
Operations analysis and information confirmation. cooperating with additional assurance suppliers.
The criterion, condition, cause, consequence, and corrective action are frequently listed in internal audit reports.
Therefore, reports from the internal audit function are given to the CFO or CEO as well as the Audit Committee of the Board of Directors.
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QUESTION 16
A Pigovian subsidy that gets the socially optimal quantity of students to achieve education will be equal to:
O The distance between Pefficient and P* at Qefficient
The distance between Pefficient and P" at Q
O The distance between Pefficient and the Price on the Private Benefit curve at Q*
O The distance between Pefficient and the Price on the Private Benefit curve at Qefficient.
Answers
A Pigovian subsidy that gets the socially optimal quantity of students to achieve education will be equal to D: "The distance between Pefficient and the Price on the Private Benefit curve at Qefficient."
What is the Pigovian subsidy?A Pigovian subsidy is a government intervention aimed at reducing negative externalities, such as pollution or overuse of finite resources. In the context of education, a Pigovian subsidy would be used to encourage individuals to achieve the socially optimal level of education.
In this case, the socially optimal level of education would be represented by the quantity Qefficient. Pefficient is the price of education that would result in Qefficient without government intervention. The difference between Pefficient and the price on the private benefit curve at Qefficient represents the cost of the negative externality that the subsidy would address. This difference would be equal to the Pigovian subsidy.
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