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3 years ago

Government regulations are intended to protect consumers, companies, and societal interests. Group of answer choices True False

Business

1 answer:

NemiM [27]3 years ago

7 0

Answer:

True

Explanation:

The above statement that, government regulations are intended to protect consumers , companies , and societal interests <em>is true .</em>

It is the duty of the government t protect the rights of the consumer , companies and society.

The government regulation is necessary to protect and save the public . It prevent the people to go on wrong path . The government has made many laws for the people in different area , like if any company provide adulterated goods to the people then people have the right to file case against that company or that product. The government also made many road safety rules to protect the people like no drink and drive etc.

The government also make companies to follow the right path and not to do any unfair practices . The government made company to follow ethics , do some social well fare.

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A check returned by a bank because the issuer's cash account balance could not cover the check is called an NSF check.

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4 years ago

Chrissy receives 200 shares of Chevron stock as a gift from her father. The stock cost her father $9,000 10 years ago and is wor

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Answer:

A. $3,500 gain

B. -$4,400 loss

Explanation:

A. Calculation for the amount of the gain or loss on the sale

Gain or loss on sale=$12,500-$9,000

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Therefore the amount of the gain on the sale is $3,500

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3 years ago

Culinary Enterprises manufactures cookware sets and sells the sets to department stores. Culinary expects to sell 2 comma 600 co

Juli2301 [7.4K]

Answer:

The Total Budgeted Sales of May is $944,000

Explanation:

Budgeted sales are those sales which a business estimated in a particular period of time. While budgeting the future value company calculated the sales cost and other expenses to minimize the uncertainty and prepare for the future.

As per given data

In May

Budgeted sales Volume = 3,200 cookwares

Budgeted price per unit = $295

Budgeted Sale value = Budgeted Volume x Budgeted Sales price = 3,200 cookwares x $295 = $944,000

Cash Sales = $944,000 x 25% = $236,000

Credit Sales = $944,000 x 75% = $708,000

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3 years ago

Larkin Co. has owned 25% of the common stock of Devon Co. for a number of years, and has the ability to exercise significant inf

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Answer:

C) $250,000

Explanation:

Larkin's investment in Devon at the end of the year = carrying amount at the beginning of the year + Larkin's share of Devon's income - Larkin's share of Devon's dividends

= $200,000 + ($600,000 x 25%) - ($400,000 x 25%)

= $200,000 + $150,000 - $100,000 = $250,000

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3 years ago

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3 years ago