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Georgia [21]
1 year ago
11

When won’t the CGA apply?

Business
1 answer:
mestny [16]1 year ago
8 0

CGA apply wont apply to<u> commercial products.</u>

<u />

<h3>What is CGA?</h3>

CGA which is full meaning is Consumer Guarantees Act  can be defined as the act which sole roles and responsibility is to  ensures that consumers are payback their money in  a situation were the consumer both goods or product that are damaged or faulty or in a situation were the faulty goods a consumer purchase are not replace with a good one.

The reason why  Consumer Guarantees Act apply wont apply to commercial products is  because commercial product are  goods that companies purchase for their own use .

Therefore  CGA apply wont apply to<u> commercial products.</u>

<u />

Learn more about  Consumer Guarantees Act   here:brainly.com/question/27317480

#SPJ1

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On March 1, Lincoln sold merchandise on account to Amelia Company for $27,300, terms 1/10, net 45. On March 6, Amelia returns me
xenn [34]

Answer:

Explanation:

The journal entries are shown below:

Accounts receivable A/c Dr $27,300

              To Sales A/c $27,300

(Being goods are sold on credit)

Sales return and allowance A/c Dr $3,000

              To Accounts receivable $3,000

(Being sales return is recorded)

Cash A/c Dr                   $24,057

Sales Discount A/c Dr $243

     To  Accounts receivable    $24,300

(Being cash received recorded)

The computation of the account receivable  

= Credit sales - returned goods

= $27,300 - $3,000

= $24,300

And, the discount would be

= Accounts receivable × percentage given

= $24,300 × 1%

= $243

The remaining amount would be credited to the cash account.

8 0
3 years ago
Indicate what components of GDP (if any) each of the following transactions would affect.
kvv77 [185]

Answer:

It will fall under Consumption if it is a commodity or non-capital good purchased.

It will fall under Investment if it is a capital good that was sold or purchased.

It will fall under Government Spending if the Government bought or paid for it.

It will fall under Net Exports if it involves the purchase of goods from another country or the sale of goods to another country.

You buy a new Toshiba computer  - CONSUMPTION AND NET EXPORTS.  

Toshiba is a Japanese Company.

Ford manufactures a Focus and sells it to Avis, the car rental company. INVESTMENT.

It becomes a capital good to Avis.

Dell sells a desktop computer from its inventory to the Johnson family . - CONSUMPTION and INVESTMENT.

The Desktop is considered a capital good as it can be an investment by the family to produce goods or services.

Aunt Jane buys a new house from a local builder.  INVESTMENT

Housing is a capital good.

The federal government sends your grandmother a Social Security check. - TRANSFER PAYMENT which means it is not to be included in GDP.

Texas hires public middle school teachers .  - GOVERNMENT SPENDING.

Texas will be spending to pay teacher's salaries.

You pay a domestic plumber for fixing a leak in your bathroom.  - CONSUMPTION.

Uncle Paul pays a domestic contractor for renovating his home - CONSUMPTION.

This is housing but it involves buying goods to change the appearance of the house not buying the house itself.

6 0
3 years ago
_____ determines the boundaries of the firm along three dimensions: vertical integration (along in the industry value chain), di
pashok25 [27]

Answer:

The correct answer is D

Explanation:

Corporate strategy is the kind of strategy which plan to select as well as develop the specific markets in which to compete when improving the divisions as well as units of the business.

This strategy involve 2 components, which are moving to new industries and diversification, which states expanding the area of the market.

So, the corporate strategy is the one which determine the boundaries of the business in 3 dimensions like geographic scope, diversification and vertical integration.

3 0
3 years ago
g You deposit $1,900 in your savings account that pays an annual interest rate of 3.25%. If the inflation rate is 1.09%, by how
gayaneshka [121]

Answer:

Real purchasing power increase= 2.16%

Explanation:

Giving the following information:

You deposit $1,900 in your savings account that pays an annual interest rate of 3.25%. The inflation rate is 1.09%.

In this example, we have two different and opposite effects. The interest rate increases your purchasing power. If the inflation rate is 0, the purchasing power will increase (in one year) 3.25%.

The inflation rate decreases the purchasing power of nominal income.

Real purchasing power increase= annual interest rate - inflation rate

Real purchasing power increase= 3.25 - 1.09= 2.16%

6 0
3 years ago
An individual employed part-time at a retail store that schedules her based on the busiest times and days throughout the year, w
kykrilka [37]

Answer: contingent

                         

Explanation: It refers to the employment in which the job of an individual is not fixed with the company. In case of contingent employment, the employees are usually hired when there is a specific project to complete that needs extra work force.

Unlike seasonal employment the these employments are non recurring and there is no time fixed for employment that an individual could expect.

Thus, from the above we can conclude that the given case is an example of contingent employment.

8 0
3 years ago
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