Answer:
<u>Explanation</u>:
Exploitation often involves a denial of an individual's right (in this case a consumer's right).
Consumers are often exploited in this three areas:
Poor quality standard: For example, one may purchase an electronic device, which in most cases the quality level is determined only after using the product and then discover that the product has failed to meet expectations like performance failure.
High Prices: This is often happens when a consumer isn't aware of the average price of a particular product and may be the taken advantage of by the seller.
False or Incomplete product description: Online shopping often presents this type of exploitation. For example, an individual may buy a wrist watch he thinks is made of silver, but receives the item an discover it is actually made of rubber material.
Answer:
The journal entry:
Debit Accumulated depreciation $160,000
Debit Equipment $200,000
Credit Cash $170,000
Credit Equipment $180,000
Credit Gain on exchange asset $10,000
Explanation:
The old equipment had a book value of $20,000 at the time of exchange. The company paid $170,000 cash and a trade-in of old equipment.
The new equipment costs of $200,000.
Carothers Corporation will record gain on exchange by the journal entry:
Debit Accumulated depreciation $160,000
Debit Equipment $200,000
Credit Cash $170,000
Credit Equipment $180,000
Credit Gain on exchange asset $10,000
Answer:
Speedy Bikes
a. Incremental Analysis for the sell-or-process-further decision:
Cost of an Cost an Difference
unassembled bike assembled bike
Alternative 1 Alternative 2 Increment
Sales price of unassembled bike $450 $495 $45
Manufacturing cost per unit $290 $312 (22)
Net operating income $160 $183 $23
b. Speedy should process the bikes further.
c. It will generate an incremental net operating income of $23 per bike.
Explanation:
a) Data and Calculations:
Cost of an Cost an
unassembled bike assembled bike
Direct materials $150 $155
Direct labor 70 80
Variable overhead (70% of direct labor) 49 56 ($80 * 70%)
Fixed overhead (30% of direct labor) 21 21
Manufacturing cost per unit $290 $312
Answer: Gambling iis an issue here are some reasons why
Explanation:
Gambling means to bet on something of which the outcome is not sure.
It can take on form of playing games in the hope that some money could be won.
Although gambling is legal, it gives false hope.
