As per the terms, the of the agreement following are payment terms-
1. Asset manager will pay the returns on the small-cap index (any negative return will be received by him)
2. The dealer will pay a fixed return of 5% p.a to the asset manager
Hence, the dealer will pay a net amount of $ 2,514,927.99 or $2,514,928 (loss on small cap index and the fixed payment of interest)
Amount invested by asset manager- $ 50,000,000.00
Current index value- $ 195.00
No. of index futures bought- 256,410.26
Value of index after 6 months $ 190.00
Value of futures bought by asset manager- $ 48,717,948.72
Return to an asset manager (a) $ (1,282,051.28)
(any return is to be paid by the dealer, thus he will pay for the loss on index futures)
Notional Amount $ 50,000,000.00
Interest rate p.a 5%
Total Interest for 365 days $ 2,500,000.00
Equivalent interest for 180 days (b) $ 1,232,876.71
The total amount to be paid by the dealer (a+b) $ 2,514,927.99
In financial accounting, an asset is any aid owned or controlled by means of a commercial enterprise or an economic entity. it's miles anything (tangible or intangible) that can be used to produce a positive financial fee. assets represent the price of possession that may be converted into coins (even though cash itself is likewise considered an asset). The stability sheet of the firm information the economic fee of the assets owned by way of that firm. It covers cash and different valuables belonging to a man or woman or to a commercial enterprise.
Belongings may be grouped into two important instructions: tangible assets and intangible belongings. Tangible property includes various subclasses, consisting of current belongings and glued belongings. the cutting-edge property encompasses coins, inventory, and bills receivable, at the same time as fixed assets consisting of land, buildings, and equipment. Intangible properties are non-bodily sources and rights which have value to the company due to the fact they give the company a bonus within the market.
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roberta (69) and henry (72) stein are married, retired and live together. roberta receives social security benefits in the amount of $18,420, and henry's social security benefits total $22,420. they both are using the married filing separately filing status. what is the roberta's maximum percentage of taxable social security benefits when her modified adjusted gross income (magi) is $30,426?
Roberta's maximum percentage of taxable social security benefits when her modified adjusted gross income (magi) is $30,426 is 10%.
What is social security?An independent department of the U.S. federal government called the Social Security Administration (SSA) is in charge of managing Social Security, a social insurance program that provides retirement, disability, and survivor benefits.
Most workers must pay Social Security taxes on their income in order to be eligible for most of these benefits; the claimant's benefits are determined by the wage earner's contributions. Otherwise, benefits like Supplemental Security Income (SSI) are distributed in accordance with need.
The Social Security Act of 1935 created the Social Security Administration, which is outlined in 42 U.S.C. 901 of the United States Code (49 Stat. 635). The "Social Security Board" was established in 1935, and in 1946 it adopted its current name. Kilolo Kijakazi serves as its acting leader at the moment.
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what aicpa standards does the service auditor use to conduct the soc 1 engagement and render an opinion?
It is appropriate to report on controls at a service organization relevant to user entities internal controls over financial reporting using the SOC 1 attestation, which has replaced SAS 70.
What occurs if a company does a SoC audit without having a CPA certification?A company that does a SOC audit but is not a CPA firm is not permitted to express an opinion regarding the information contained in the Description of Services and Results of Testing.
What SOC 1 and SOC 2 requirements does the AICPA have?When offering auditing and other attestation services, such a SOC 1 or SOC 2 examination, an AICPA member "in the public practice should be independent in fact and appearance."
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the newly licensed rn has accepted a position in a hospital. what are the logical actions expected of this new employee?
The logical acts required of this new employee are to possess the theoretical knowledge required to perform fundamental patient care and decision-making.
What is a Position?An individual or other organization has a position when they hold (or have sold short) a certain quantity of a security, assets, or piece of property. A trader or trader takes a position when they execute a buy order, which indicates a bullish intent, or when they sell short stocks, which indicates a bearish intent.
What does a position's primary objective entail?By clearly identifying the task to be done in connection with the overall aims of the work unit, an appropriate position description aids the employee in understanding what is expected of them.
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for the current period, jones started 15,000 units and completed 10,000 units, leaving 5,000 units in process 30 percent complete. how many equivalent units of production did jones have for the period? a. 10,000 b. 11,500 c. 13,500 d. 15,000
There are 11,500 equivalent units of production did jones have for the period.
What is equivalent units of production?Equivalent units of production are used to measure the amount of work done on partially completed units of inventory. The calculation of equivalent units of production is based on how much of the production process is complete for each unit in inventory. It is calculated by dividing the total number of completed units by the total number of partially completed units. The result is the equivalent units of production. For example, if a company has 5,000 units of inventory with 3,000 completed and 2,000 partially completed, the equivalent units of production would be 5,000 divided by 2,000, which equals 2.5. This means that each partially completed unit is the equivalent of 2.5 completed units.To learn more about equivalent units refer to:
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question content area while some businesses have been granted charters under state laws, most businesses receive their charters under federal laws. true false
While a few groups were granted charters below kingdom legal guidelines, maximum groups obtain their charters below federal laws.False.
The required details about federal laws is mentioned in below paragraph.
Federal laws are payments which have handed each homes of Congress, been signed through the president, handed over the president's veto, or allowed to end up regulation with out the president's signature. Individual legal guidelines, additionally referred to as acts, are organized through difficulty withinside the United States Code. Federal laws is the frame of regulation created through the federal authorities of a country. A federal authorities is shaped while a set of political units, along with states or provinces be part of in a federation, delegating.
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a company issued 140 shares of $100 par value common stock for $16,600 cash. the total amount of paid-in capital in excess of par is:
the total amount of paid-in capital in excess of par is $2600.
Capital in excess of par is the amount paid by investors to a company for its stock, in excess of the par value of the stock. Par value, which is typically displayed on the face of the stock certificate, is the legal capital per share.
Number of shares issued x Par value per share equals the par value of the common stock.
= 140 x 100
= $14,000
$16,600 is the cash received from the sale of shares.
Cash received from the issuance of shares - the par value of common stock = paid-in capital in excess of par.
= 16,600-14,000
= $2,600
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mickale is taking notes at a presentation on finances and marketing. since he is in a learning mode, what type of notes should he take so he is not overwhelmed with information overload?
Definitions state that habituation is the decrease in behavioral reaction to repeated stimuli without sensory adaptations fatigue or motor fatigue.
What does the term "sensory" mean?The phrase sensory refers to something that is emotionally charged or that you can actually feel. You can have a sensory experience by inserting a scalpel into a toaster, but you can also smell roses.
What kind of thing is sensory?Examples of sense interactions include (1) savoring food with both taste and smell, (2) avoiding a road because a heavy car is visually approaching and blasting its horn, and (3) assembling a model boat using sight and touch.
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based on the concentration ratio, which industry is the most competitive? a. industry b b. industry d c. industry a d. industry c
The concept is simple if the marketplace share data is precise and readily available. It explains the level of competition in the marketplace and the positioning of the businesses operating in a given sector.
Why do you use the term "industry"?industry: a collection of profitable businesses or organizations that create or provide products, services, or income sources. The four main categories of industries in economics are primary, second, tertiary, & quaternary; secondary enterprises are further divided into heavy and light categories.
What kind of industry would that be?Industries are frequently divided into categories based on the goods and services they provide. For instance, all producers who create and sell pizza on the market are included in the pizza industry. It's crucial to understand that for a
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income tax collections: a. rise during periods of prosperity, thus reduce federal budget deficits. b. fall during periods of prosperity, thus increase federal budget deficits. c. rise during recessions, thus increase the problem of unemployment. d. fall during recessions, thus increase the problem of unemployment.
The correct answer is option a, hence rise during periods of prosperity, thus reducing federal budget deficits.
What is the meaning of income tax?Every individual that works and even companies are subject to income taxes. The foundation for calculating individual income tax is the income received.
Now, when government expenditure exceeds its income, which includes taxes, fees, and investment returns, there is a federal budget deficit. The national or federal government debt increases as a result of deficits.
Since the burden is presumably on the persons who pay it, it is typically categorized as a direct tax. Net earnings, which are calculated as the difference between receipts and authorized expenses, are subject to corporate income tax.
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martinez corporation reported net sales of $777,000, net income of $130,000, and total assets of $7,754,184. the profit margin is:
The profit margin is 598.0%. The profit margin is calculated by dividing a company's profit (sales minus all expenses) by its revenue. The profit margin ratio compares profit to sales and indicates .
How well the company manages its finances in general. It is always given as a percentage. Profit margins are often expressed as percentages. A profit margin of 60%, for example, means that a company profits $0.60 for every dollar of revenue generated. Profit margins can be positive or negative, and businesses with negative profit margins can still exist. It is given as a percentage. So, if the ratio is 25%, the company's gross profit margin is 25 cents on the dollar in sales.
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sandor wants to go into the business of construction contracting. among the reasons that might convince sandor to set up his business as a sole proprietorship would be
Due to its greater flexibility, Sandor might decide to structure his business as a sole proprietorship.
How do you define sole proprietorship?A person who runs an unincorporated business alone is known as a sole proprietor. However, if you want to classify a household limited liability company (LLC) as a corporation and you are the only member, you are not a sole owner.
What does proprietorship serve as?The key advantages of a sole proprietorship are indeed the pass-through tax benefit, the simplicity of formation, and the minimal startup and ongoing costs. You don't have to complete a ton of paperwork for a sole proprietorship, such as state registration forms.
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question 2 what are the key purposes of discussing a case study during an interview? select all that apply.
Working thru a case gives you the possibility to show problem-solving skills, quantitative reasoning skills, analytical skills, logical reasoning, communication skills, creativity, and the capability to think on your ft and work thru a problem in real time.
Which of the following are vital strategies when finishing a case study?When completing a case study, it's vital to answer the question being asked. It's additionally essential to talk the steps you have taken to attain your conclusion and the assumptions you made about the data.
A case study interview can help the interviewers evaluate if a candidate would be a top in shape for the position. Sometimes, they would possibly even ask you a question that they definitely encountered. Understanding what the interviewers are looking for can help you better prepare for your answer.
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https://brainly.com/question/13524888#SPJ4the high level of fault which serves to disqualify an out-of-work worker from unemployment compensation is called:
Willful Misconduct is the severe wrongdoing that excludes a jobless person from unemployment benefits.
What does it mean to be recompensed?Because you are paid to go somewhere you'd prefer not to be and do something you'd prefer not to do, your salary is referred to as compensation.
What are benefits of compensation?Benefits and compensation are crucial components of the human resource management because those who support retention. These rewards motivate staff to work harder and achieve more. It allows the business to reward its staff based on their performance and motivates them to achieve in all they do.
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the indian retail market is very fragmented with many small independent stores. the distribution structure in india typically involves two levels of distributors (large regional wholesalers and smaller city-wide wholesalers). all of these lead to a long distribution channel. homer products is concerned about india's long distribution channel for its products. what is a drawback of longer distribution channels that could affect homer product's decision?
Acme Products is worried about how long the distribution chain for its goods is in India. Longer distribution channels have the disadvantage of higher aggregate markups.
Small independent stores make up a large portion of the highly fragmented Indian retail market. In India, there are normally two levels of distributors in the distribution chain (large regional wholesalers and smaller city-wide wholesalers). Due to all of these factors, India has a lengthy distribution network.
In comparison, figuring out profit margins is simple. Additionally, as illustrated in the appendix, if the profit margin rises as excess demand rises, the markup will generally rise as well.
Aggregate productivity growth, broadly speaking, evaluates how much quicker output (GDP) is expanding in comparison to the rise in inputs (labour and capital). Growth accounting is the practice of distinguishing overall production from input growth.
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a firm requires an investment of $20,000 and will return $26,500 after one year. if the firm borrows $6000 at 7%, what is the return on levered equity? group of answer choices 35% 43% 52% 61%
After all the required adjustments, the return on levered equity is 43.42%. Hence, Option B is correct.
Investments are assets that are bought or invested in to increase wealth and set aside cash from hard-earned income or appreciation. The main purpose of an investment is to create an additional source of income or to generate a profit over a certain amount of time.
Investment is the commitment of funds toward the acquisition of an asset with the goal of achieving a growth in value over time. There are many different investment products available to investors, each with advantages and disadvantages of their own.
Calculation for portion of the investment that is financed by equity is:
20,000 - 6,000 = $14,000
Calculation for return on investment net of interest rate is:
26,500 - 20,000 - (6,000 × 7%) = $6,080
Calculation for the return on levered equity is:
6080 / 14000 = 43.42%.
Therefore, Option B is correct.
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at a selling price of $500,000 per mri, management expects to sell seven units next year and plans to produce a few extra machines. the extra units are for training, marketing, and temporary spare parts in case an installed mri fails and spare parts are needed. management has financing and production capacity to vary production between 7 and 10 units. how many mris do you expect management to produce? show your analysis that leads to this conclusion.
intends to develop and sell seven units the following year. As a result, if a special order is approved, operational income would increase by $840,000.
By produce, what do you mean?produced, producing is a verb that takes an object. to induce steam to be produced; to cause something to arise. to create anything by intelligence or artistic ability: to make a fantastic painting. to build cars for export; to manufacture; to make.
Briefing
The computation is shown below:
Offer price per unit $60
Less: Variable costs per unit:
Direct materials ($20)
Direct labor ($14)
Variable overhead ($12)
Variable selling $0
Incremental profit per unit (a) $14
Units offered to sell (b) 60,000
Effect on Operating Income (Increase) (a × b) $840,000
Therefore, in the case when the special order is accepted, the effect on operating income would be increase by $840,000
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same question, 100 million in new reserves, but now there is a reserve requirement of 20%. how many loans? how much new money supply?
Same question, 100 million in new reserves, but now there is a reserve requirement of 20%. Total money supply is 800 million.
Here now for question 4 total reserve is = 200million
And the reserve requirements is = 20% or 0.20
Than required reserve in money is = 200 mill × 0.20
Required reserve = 40 million
Left money for loan = 200 milli - 40 million
Left money for loan = 160 million
Money supply/ Multipler = 1/ required reserve
Money supply = 1/0.20
Money supply/ Multipler = 5 times
Total money supply will be = 5× 160million
Total money supply = 800 million
What makes it a bank?Whenever Italian merchants inside the Renaissance formed agreements to lend and lend money next to a bench, the term bank is derived from the Italian word banco, which means bench. Then set your coins upon the bench. Simple financial documents have been around since the beginning of time.
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he decision about approval and justification of new technologies would fall into which one of the five major it decision categories?
Option (e) is Correct. New technology clearance and justification decisions would fall under the areas of IT investment and prioritizing decisions.
Federal: The center and the business units coordinated IT decision-making. IT duopoly: Decisions about IT are made jointly by IT executives and another group (such as senior executives or business units). Similar to the federal government of the United States, federal IT offers great centralization. In this kind of business administration, IT maintains central control over the majority of its IT infrastructure. This architecture for IT governance complies with COSO controls.
Stakeholder boards, senior leadership teams, project working groups, and project oversight committees are some frequent names for project steering committees. They manage projects from beginning to end and offer direction and support all the way through the project lifetime. C-level executives are often regarded as the most powerful and influential people within an organization; as a result, they determine the company's strategy, make crucial choices, and make sure that daily operations are in line with achieving the company's strategic goals.
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Correct Question:
The decision about approval and justification of new technologies would fall into which one of the five major IT decision categories?
a) IT principles
b) IT architecture
c) IT infrastructure
d) Business application needs
e) IT investment and prioritization
a real estate transaction has a closing date of november 15. the seller, who is responsible for costs up to and including the date of settlement, has already paid the property taxes of $5,116 for the calendar year. at closing, the buyer will be
$639.50 is deducted from the answer. On the closing statement, the buyer will be charged or debited with an amount sufficient to cover the seller's loss on the prepaid taxes.
What does the term "real estate" mean?
Real estate is defined as the land and any affixed permanent structures, such as a house, or improvements, whether created naturally or artificially. Real property includes real estate.
A Real Estate Agent: What Is It?
An authorized real estate agent connects buyers and sellers for transactions and advocates for them in court. In most cases, agents are paid a commission, which is a percentage of the sale price of the home. The commission an agent receives is based on their state and brokerage.
Briefing:
(1) finding the monthly amount of the real estate taxes ($5,116 ÷ 12 = $426.33)
(2) finding how many months lie between the settlement and the end of the year (15 days, or ½ month, in November and a full month in December = 1.5 months),
(3) finding the taxes on 1½ months ($426.33 × 1.5 = $639.50).
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john plans to fund his individual retirement account (ira) with the maximum contribution of $2,000 at the end of each year for the next 20 years. if he can earn 12 percent on his contributions, how much will he have at the end of the twentieth year?
John plans to fund his IRA (Individual Retirement Account) with contributions of up to $2,000 at the end of each year for the next 20 years. If he can earn his 12% of dues, he'll have $144,105 by the end of 2020.
What is an Individual Retirement Account?An Individual Retirement Account (IRA) allows you to save money that can be used to defer taxes when you retire. An IRA is an account opened with a financial institution that allows for tax-exempt growth or retirement savings on a tax-deferred basis.
What is the difference between a personal account and an IRA?Investors typically use brokerage accounts for day trading, long-term investments, and saving for short-term financial goals such as buying a house or car. In the meantime, the IRA offers investors a tax deferral method for retirement savings. Having both types of accounts can be a smart financial move.
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the balance sheet above shows the financial situation for the jamestown national bank. the central bank has set a required reserve ratio of 10%. if the bank does not sell any of its securities, what is the maximum amount of additional loans the bank in jamestown can undertake?
C) $40,000, The bank in Jamestown could only generate an additional $40,000 in loans if it doesn't sell any of its investments. Applying for a loan for a line of credit from a lender reputed for swift clearance and money is the easy way to obtain a loan straight away.
Can you borrow money from a bank?
A personal loan can be received from a bank, credit union, card company, or online lender. You must typically give some basic financial and personal information when filing in person or online.
Required reserve
= 10% of Demand Deposits
=> Required reserve
= 0.1 x 200,000 = $20,000
Excess reserve
= Total reserve - Required reserve
= $60,000 - $20,000
= $40,000
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The actual question is:
The balance sheet above shows the financial situation for the Jamestown National Bank. The central bank has set a required reserve ratio of 10%. If the bank does not sell any of its securities, what is the maximum amount of additional loans the bank in Jamestown can undertake?
A.) $180,000
B.) $60,000
C.) $40,000
D.) $20,000
E.) $6,000
owner's equity is question 35 options: a. capital injected by owner in the business. b. capital invested by family members that are also partners c. capital borrowed from family members that are not partners in the business d. capital borrowed from a financing institution. both a
Option A is correct due to the fact capital injection is an investment of capital into a project, corporation, or investment, frequently as cash, fairness, or responsibility.
Owner's equity is the all-out well-worth of a business enterprise's belongings which have a place with a proprietor once the liabilities had been settled. proprietor's equity is and huge concept to be one of the 3 precept parts of an agency's finances, as it's far more important for the bookkeeping condition: proprietor's fairness = assets - Liabilities. This situation is most regularly linked with sole agents. all the more via and massive, it's far the monetary possession of the enterprise*.
The above statement is not false because This sales goal is appropriate to all businesses that sell actual items or administrations. we can set an amount for our sales group to accomplish inside a timeline. The Goals of a Business. The basic role of a business is to boost benefits for its proprietors or partners while keeping up corporate social duty.
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under certain circumstances, investors are permitted to reduce the amount of the taxable income that they report by an amount that is intended to reflect the wear and tear of an asset over time. this is commonly referred to as:
Depreciation is a commonly term used to describe this.
Where can I find the amount of my taxable income?Schedule 1 or Form 1040 has a specific disclosure of all of this revenue. You may determine your total gross income by adding up all of the different types of income you have accrued over the course of the fiscal year.
Taxable income is any gross income that is utilized to calculate your tax liability. Simply explained, it is your adjusted gross income less any deductions. All compensation from employers, such as wages, tips, salaries, and bonuses, is included in this. Investments and unearned income are also included in the portion of your earnings or profits that is subject to tax.
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g the government reduces the corporate profits tax. as a result, corporate profits increase. this will
The corporate earnings tax is decreased by the government. Corporate profits rise as a result. This will boost household non-labor income, resulting in higher consumption and less labor supply.
What do corporations profit from?Current production earnings totals for corporations, broken down by industry. As a snapshot of corporate America's economic state and as a significant U.S. economic indicator, these numbers are extensively studied.
What is corporate profit so crucial?The money that remains after a firm has paid each of its expenses is known as corporate profit. Another statistic released every quarter by the US Bureau of Economic Research is corporate profit (BEA). Due to the fact that it indicates a corporation's income, corporate profit is a particularly crucial metric for investors to consider.
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what have you learned about the value of time management and goal setting and why these behaviors are important for your future success?
Good time management allows you to accomplish more in a shorter period of time, which leads to more free time, which lets you take advantage of learning opportunities, lowers your stress, and helps you focus.
What does management most commonly mean?To accomplish a goal, tasks are coordinated and managed through management. These administrative tasks involve determining the organization's strategy and coordinating the staff's efforts to achieve these goals by utilizing the resources at hand.
Why is management so crucial?Organizations would not succeed without managers, to put it simply. By creating growth with productive teams, managers significantly contribute to the sector. Overall, managers will always be an essential component of every organization because of their participation in activities like employing and training new staff.
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which insurance is the older type of managed healthcare system that takes both the financial risks associated with providing medical services?
Fee-for-service (FFS) insurance is the more traditional form of managed healthcare that bears both the financial risks related to providing medical services.
What is meant by Fee-for-service insurance?Fee-for-service Unlike receiving a fixed payment for a specific patient or group of patients, the traditional insurance model of payment for healthcare professionals is based on the services they offer.
For each service, such as a doctor's visit or a laboratory test, the insurance provider is compensated under this model by paying a charge to the healthcare provider. The insurance company reimburses the provider for all expenses related to rendering the service, and the provider is paid a fee for each task completed.
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Supply chain management is a key means of differentiation for a firm and a critical component in marketing and corporate strategy.
a. True
b. False
The claim that management of supply chains is a crucial element of marketing and management consulting and a major way for a company to differentiate itself from the competition is correct.
Supply chain management: What is it?At its most basic level, management of supply chains (SCM) is the control of the movement of materials, information, and money associated with a good or service from the acquisition of materials to the shipment of the good at the final location.
Has the supply chain a future?Future distribution channels will have to be far more dynamic in order to forecast, plan for, and react to a quickly changing demand as well as a constantly shifting product and variation. In other words, distribution channels will need to adapt.
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if clark company purchases for cash $80,000 of target company 10% bonds at 100 plus accrued interest of $640, the journal entry will include a
if Clark company purchases for cash $80,000 of target company 10% bonds at 100 plus accrued interest of $640, the journal entry will include credit to Cash for $80,640.
Each journal entry includes information relevant to a particular business transaction, such as the date, the amount to be credited and debited, a brief description of the transaction, and the accounts involved. Depending on the firm, it may include a list of impacted subsidiaries, tax information, and other information.
It is critical to enter entire journal data precisely so that the general ledger and financial reports based on this data are similarly accurate and thorough. Recurring journal entries can be templated and executed automatically using current accounting software, reducing the possibility of mistake.
Journal entries are created in chronological sequence and adhere to the double-entry accounting system, which means that each has a credit and a debit column. Even when debits and credits are connected to different accounts, the amounts in each columns must be the same.
Investments in Target Company Bonds = 80,000/
Interest Receivable = 640 /
Cash. / 80,640
The journal entry will include a credit to Cash for $80,640.
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a company decided to price its product with the penetration strategy. what advantage does the company potentially create by selecting this type of pricing strategy?
With penetration strategy, the advantage the company potentially create is Due to the goodwill developed among inventors and early adopters, it can build demand through word-of-mouth advertising.
What is meant by Penetration strategy?The idea of a penetration strategy is to work aggressively to significantly increase one's share of total sales in a market. A business may often make things or purchase goods at a reduced cost as a result of the increasing sales volume, which allows it to raise its profit margin.
The promotions for introductory low prices for select fresh items that you frequently notice when you enter a supermarket are the ideal instances of penetration pricing. In order to boost demand for the organic goods they sell, Costco and Kroger use penetration pricing.
A market penetration strategy is essentially a method of introducing a new product into an established market (where existing or similar products already exist) (from your company or organization).
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consider a highway that everyone has access to. assume this highway is congested and, hence, every time a driver gets on the highway, it reduces the utility of the highway for the next driver. what kind of good is the congested highway? club good. public good. common resource. private good.
According to the question, a congested highway seems to be a type of club good.
How are Club Goods operated?Club goods are one subgroup of public goods that possess the property of non-rivalrousness, one of the two basic features of public goods. In economics, club goods also are occasionally referred to as scarce or artificially scarce products. Club items include things like cable tv, cinemas, wireless internet, toll roads, etc. Club goods are typically offered by what are called as natural monopolies and have nearly zero marginal costs. Club merchandise also has a fake scarcity.
What four different types of goods are there?The four product categories are public goods, private goods, common resources, and club goods depending on rival in consumption & excludability.
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