Answer:
$10,070
Explanation:
The true cash balance is the balance having considered the effect of the transactions that have happened but are yet to be captured in the books.
Reviewing the transactions,
- bank service charges of $50 - This will be deducted from the book balance
- Two credit memos are included in the bank statement: one for $940, which represents a collection that the bank made for Owen, and one for $60, which represents the amount of interest that Owen had earned on its interest-bearing account in June - Both will be added to the book balance
Hence the true cash balance
= $9,120 - $50 + $940 + $60
= $10,070
Laissez faire model was inspired by John Stuart Mill's book "Principles of Political Economy" (1848). This model states that the government should not be heavily involved in the market, and should have a hands off approach.
I hope this helped! :)
Answer:
0.6
Explanation:
Data provided :
Mean = 100
Standard deviation = 20
Salvage value of the tree = $ 0
Actual cost of the tree = $ 20
Selling cost of the trees = $ 50
Now, the cost of shortage = Selling cost - actual cost = $ 50 - $ 20 = $ 30
and the outrage cost = actual cost = $ 20
Now,
the service level is calculated as:
service level =
on substituting the value, we get
service level =
or
Service level = 0.6
Because the company does not lists the ingredient in the product, then, this is an example of violation to <u>disclosure </u>aspect of consumer protection laws.
<h3>What is consumer protection laws?</h3>
The Consumer protection law includes different legislation which intended to prevent businesses owners from engaging in fraud or reducing quality of product.
One of the Consumer protection law makes its necessary for the manufacturer to disclose the full ingredient they use in producing the product.
In conclusion, the scenario is an example of violation to <u>disclosure </u>aspect of consumer protection laws.
Therefore, the Option B is correct.
Read more about consumer protection laws
<em>brainly.com/question/1862829</em>
_The time value of money_ principle states that <span>a dollar today is worth more than a dollar in the future.
Hope this helps</span>