Answer:
45%
Explanation:
Given that,
Sales = $4,500,000
Invested assets = $2,000,000
Operating expenses = $3,600,000
Minimum rate of return = 7%
Operating profit of the company:
= Sales - Operating expenses
= $4,500,000 - $3,600,000
= $900,000
Therefore, the rate of return on investment is as follows:
= Net operating income ÷ Invested assets
= $900,000 ÷ $2,000,000
= 45%
Answer:
a. $48
b. $155,520
Explanation:
The computation of the fixed cost and the variable cost per hour by using high low method is shown below:
Variable cost per unit = (High total cost - low total cost) ÷ (High production - low production)
= ($322,560 - $207,360) ÷ (3,480 units - 1,080 units)
= $115,200 ÷ 2,400 units
= $48
Now the fixed cost equal to
= High total cost - (High production × Variable cost per unit)
= $322,560 - (3,480 units × $48)
= $322,560 - $167,040
= $155,520
We simply applied the above formulas
Answer:
Corporate citizenship should:
- Obey relevant rules and regulations.
- Concerned with how well a firm contributes to the betterment of the community (Eg philantrophy)
- Contribute to or, at least not detract from, the life of local communities through its operations
.
- Held to certain economic virtues, that are necessary for the free market to run efficiently (Eg honest advertising)
- Concerned with how well a firm involves itself in the political process.
<u>Answer:</u>
<em>Sold product liability suit against the maker, alleging a design defect, the court may consider an available alternative design
</em>
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<u>Explanation:</u>
At the core of the idea of faulty item configuration exemplified in the Restatement (Third) of Torts: Product Liability is the accessibility of a sensible elective plan that could have diminished or kept away from the danger of mischief. In any case, a product might be defective, regardless of whether no sensible elective plan exists, if it neglects to give possible directions or warnings of a predictable danger of damage. An ongoing choice of the Massachusetts Appeals Court represents the use of these standards.
Answer:
The Summons.
Explanation:
A summons is a legally binding document provided for different purposes by a judge or by a law administrative agency.
- A judicial order shall be made to an individual who is interested in legal action. Civil action against the individual may be underway, or the presence of the person as a victim may be allowed.
- The summons specifies a date through which the person or organization called must either show up in court or address the court or even the opposition candidate or parties in response.