The government is trying to maintain the infrastructure of the country, provide social security benefits to citizens, and regulate airline security. congress has a budget for spending on all three of $1 billion. they decide to spend 45% on infrastructure, 45% on social security benefits, and 10% on regulating airline security. based on the information provided in this situation, which of the following best describes the opportunity cost? a. the citizens will not benefit from the spending because none of the programs directly affect them. b. the government will be able to improve the road system, encouraging more people to drive on vacations. social security benefits will provide income for the elderly and disabled, allowing them to spend money, thus boosting the economy. airline security might be slightly improved because of the ability to hire, but there will not be enough money to provide the latest equipment. c. however, social security benefits will suffer because a larger amount was spent on airline security. d. there is no opportunity cost in this situation

Will you use single-entry bookkeeping or double-entry bookkeeping? explain why.

Alandlord rented an art studio to an artist. under the terms of the signed, written, two-year lease, the artist agreed to pay the landlord $1,000 per month and to assume responsibility for all necessary repairs. after the first year of the lease, the artist assigned the balance of his lease to a sculptor. the landlord approved the sculptor as a tenant and accepted two rent payments from her, and then the landlord sold the building to an investor. the sculptor had made two payments to the investor when an electrical fire broke out in the studio, injuring the sculptor. the fire was caused by faulty wiring. the landlord was aware that there was a dangerous wiring problem when he leased the property to the artist. but when the landlord discovered how costly repairs would be, he decided it would be more profitable to sell the property than to repair it. the problem was not easily discoverable by anyone other than an expert electrician, and the landlord did not tell the artist, the sculptor, or the investor about the problem. the sculptor sues to recover damages for her injuries. from whom can the sculptor recover?

Why should managers invest any excess cash