<span>The contractual standard for product safety and liability that says the buyer chose to make the purchases and knows the each purchase involves informed consent is often referred to as the standard of caveat emptor. This is simply a warning that lets the buyer know and understand the product is sold as is and is subject to all defects. Basically, another way of saying buyer be ware.</span>
<span>According to the means by which environmental services allocate funds to various institutions to fund climate protecting projects, it is clear that the system pays landowners to maintain sustainable practices in their areas and regions, in order to further dwindle the impact of climate change in the modern world.</span>
Answer:
The correct answer is number (1): double indemnity provision.
Explanation:
A double indemnity provision is added in life insurance to double the amount the beneficiaries of the policyholder receive in front of his or her death in an accident. Double indemnity provision does not cover events in which the policyholder dies because of natural reasons or when those individuals had hazardous jobs. Premiums are higher with a double indemnity provision.
Answer:
The correct answer is D.
Explanation:
Giving the following information:
Beginning Finished Goods Inventory $19,500
Ending Finished Goods Inventory$18,000
Cost of Goods Manufactured $126,800
To calculate the cost of goods sold we need to use the following formula:
COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory
COGS= 19,500 + 126,800 - 18,000= $128,300
A responsibility center is any part of the firm whose manager has control over and is accountable for cost, profit or investment decisions of the part of the firm under his control.
What are the different types of responsibility center?
There are three types of responsibility center as listed below:
-Profit center
-Cost center
-Investment center
A cost center's manager is accountable for the profits of the division without been held responsible for its revenue and profits.
A profit center's manager would be accountable for revenue or sales and profit of the center as well as costs, in other words, the manager is expected to make decisions that minimize costs while also maximizing revenues and profits thereon.
Lastly, an investment center's manager would be able to take decisions bordering on costs reduction, revenue and profit maximization including whether or not to invest in new equipment or assets.
Overall, all of the aforementioned are known as responsibility centers, hence, the correct option is responsibility centers.
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