I might be wrong on this one but i think it is D. Welcome if I got it right :P
Answer:
B. (i) and (ii) only
Explanation:
A variable cost is a corporate expense that changes in proportion to production output. Variable costs increase or decrease depending on a company's production volume; they rise as production increases and fall as production decreases. Examples of variable costs include the costs of raw materials and packaging.
In Sonia's yoga studio, the only costs that change as the quantity of the good or service of the business produces changes are :
1. Tank tops
2. Wages paid to the other yoga instructors.
These two costs can change as business becomes bigger and expands.
Answer:
a) True: Operating cycles for most businesses are less than one year.
b) True: If a business does not plan to use any of its current assets to repay a debt, then that debt is listed as long term even if it is due within a year.
c) False: The current ratio is computed by dividing current assets by net income.
d) True: The current ratio is a useful measure of a company's liquidity.
e) False: Liquidity is the ability of a business to repay liabilities in the long run.
Answer:
Food Drug and Cosmetic Act
Explanation:
The new line of fairness-enhancing products marketed by Radiance has allegedly been developed after using large-scale animal testing procedures. Insiders revealed that the high levels of lead present in the cosmetics were in fact fatal for many of the animals. Radiance is likely to be inspected for suspected criminal violations of the Food Drug and Cosmetic Act.
Food Drug and Cosmetic Act is a law passed by congress in the United States which regulates the use of food, drugs and cosmetics; in relation to how safe they are for use by consumers.
In the case of Radiance, the scenario reports ''that the high levels of lead present in the cosmetics were in fact fatal for many of the animals'', implying that the products are not safe for use.
The CD drive shines a laser at the surface of the CD and can detect the reflective areas and the bumps by the amount of laser light they reflect. The drive converts the reflections into 1s and 0s to read digital data from the disc. See How CDs Work for more information.