Answer:
1. Federal Food, Drug, and Cosmetic Act :-
The act governs level of quality for those food, drugs , medical instruments, as well as beauty products produced and procured by customers in the market of America. Government control as well as regulation of these guidelines was also supplied for under the law.
2. Truth in Lending Act (TILA) :-
The Truth in Lending Act (TILA) relates to the federal law that allows borrowers to make some statements regarding consumer credit conditions and prices. TILA includes rules regulating accessible-end credit lines, closed-end personal loans, retail lending as well as private lending to college.
Answer:
$479,400
Explanation:
The preparation of the Cash Flows from Operating Activities - Indirect Method is presented below:
Cash flow from Operating activities - Indirect method
Net income $396,200
Adjustment made:
Add : Depreciation expense $61,250
Add: Loss on disposal of equipment $27,600
Less: Increase in accounts receivable -$9,000
Add: Increase in accounts payable $3,350
Total of Adjustments $83,200
Net Cash flow provide by Operating activities $479,400
Answer:
The answer is absorption costing.
Explanation:
This method is used to indicate that all costs have been absorbed by the units produced, and includes the following costs (fixed and variable):
1. Direct labor.
2. Direct materials.
3. Fixed manufacturing overhead.
4. Variable manufacturing overhead.
True. In restaurants, tipping is not customary because it violates the tradition of Tahitian hospitality.
This is true of many foreign culures. They do not work for tips like servers in the United States and it very much violates their hospitality. These servers get paid a full hourly wages for serving their customers rather than wait to see what they make off each table when they leave. Service and hospitality is highly important in these countries.
Answer:
C) Separation of Duties
Explanation:
Separation of Duties or Segregation of duties is an internal control system which prohibits a single person carrying out all the actions or tasks related to a transaction. For Example same person should not place the order and make payment for it. There should be two different people for placing the order and making payment for the order.
Separation of duties ensures less mistakes and fraud. Its a technique to mitigate the risk for mistakes and fraud.
