Answer:
The correct answer is letter "A": True.
Explanation:
The U.S. Wheeler-Lea Act of 1938 is an amendment to the Federal Trade Commission (FTC) Act that forbids unfair practices used by entities by deceiving consumers. Besides, The Wheeler-Lea Act does not allow unfair methods of competition and makes sure all products in the market have the necessary information before consumers purchase them.
Answer :
Advantage = $3
Explanation :
As per the data given in the question,
Particulars Manufacturing buying
Purchase from outside suppliers $15
Direct material $7
Direct labor $5
Variable manufacturing overhead $2
Fixed manufacturing overhead $4
Total cost $18 $15
Fixed manufacturing overhead = $5 × 80% = $4
Since it give the net advantage of $3
Hence, Supler Corporation should purchase from the outside supplier.
We compare the manufacturing and buying cost and according to the cost we take the decision. As we can see that the buying cost is less than the manufacturing cost so it would give the advantage of $3
Answer:
1. Debit Insurance Expense- $500 Credit Prepaid Insurance $500
2. $160 Beginning...
Answer:
(a) Command
Explanation:
A command economy is also known as planned economy and it can be defined as a type of economy in which the government owns and control the means of production.
This ultimately implies that, in a command economy, the government owns the means of production.
Societies that operate a command economy generally practices communism.
Communism is a system of philosophical, political, social organization and economical ideologies that advocates the elimination of private property but a profit-based economy with public ownership of the means of production.
It ultimately aims to ensure each person contributes and receives according to their abilities and needs.
Vietnam, China and Cuba are examples of communist countries that operate a command economy.
In conclusion, a command economy requires that the method of exchange, distribution, as well as the means of production of goods and services and allocation of resources for production should be controlled or regulated by the public (government) rather than the private sector.
Get a Retirement Plan, Maximize Your Income, Lower Investment Taxes, Plan for Social Security
