Answer:
Selling price= $79.17
Explanation:
Giving the following information:
Direct materials cost $43
Direct labor cost $11.30
Variable overhead cost $ 5.30
Fixed overhead cost $ 1.30
Target markup 30 %
<u>The absorption costing method includes all costs related to production, both fixed and variable.</u> The unit product cost is calculated using direct material, direct labor, and total unitary manufacturing overhead.
Unit product cost= 43 + 11.3 + 5.3 + 1.3= $60.9
<u>Now, the selling price:</u>
Selling price= 60.9*1.3
Selling price= $79.17
Answer: Vicarious liability
Explanation: It refers to a situation when a person is held liable for wrong actions of some other person. This doctrine is usually used in workplace contexts. If an employee do something illegal then the employer could be held liable for that employees actions, given that the action is taken in course of employment.
In the given case, Owen will be held liable as the wrongful conduct of serving alcohol to the minor is done by his employee and on his workplace.
Hence from the above we can conclude that the correct option is C.
Answer:
B.
Explanation:
The Gramm-Leach Bliley Act (GLMA) is an act authorized by federal law of the United States. GLMA is also known as Financial Modernization Act of 1999 that describes how personal information of customers is protected or shared.
This act set guidelines for financial institutions to share to it's customers how their private or sensitive information is shared, from what informations a customer can 'opt-out' to share, and, how they protect the customer's confidential information.
<u>Thus from the given options, the thing that GLBA does not require financial institutions to do is to provide customers information on how their internal security policy works</u>.
Therefore, the correct answer is option B.
Answer: the correct answer is a mission statement typically describes a company's present business scope and purpose ("who we are, what we do, and why we are here") whereas the principal concern of a strategic vision is with a company's future strategic course ("the direction we are headed and what market positions we intend to stake out").
Explanation:
A mission statement typically concerns a company's present business scope and purpose, whereas a strategic vision sets forth "where we are going."
Answer:
. The supply curve for that good will shift to the left.
Explanation:
A shift in the supply curve arises when suppliers increase or decrease production. A shift in the supply curve is a result of a change in supply. An increase in supply results in the supply curve shifting to the right, While a decrease makes it shift to the left.
Factors that cause suppliers to reduce production makes the supply curve to shift to the left or inwards. Examples of such factors include an increase in taxation, civil unrest, or changes in technology.
An increase in the price of raw material will make production more challenging for suppliers. The output from suppliers will decrease, causing the supply curve to shift to the left.
