Day-By-Day Calendar Company's Statement of Cash Flows Showed the Following

question 14

Multiple Choice

Day-by-Day Calendar Company's statement of cash flows showed the following activities for the year ended December 31, 2019: The year-end cash balance for this firm is:

• A) $7,000.00
• B) $53,000.00
• C) $23,000.00
• D) $30,000.00

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Definitions:

Free-Rider Problem

A situation where individuals consume a good or service without paying for it, especially in the context of public goods.

Public Good

A good that is non-excludable and non-rivalrous, meaning it can be consumed by many people without depleting and without preventing others from consuming it.

Nonrival

A good or service is nonrival if its consumption by one individual does not reduce its availability to others.

Nonexcludable

A characteristic of public goods: Once a good is produced, no one can be excluded from enjoying its benefits.