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3 years ago

What regulation was established in 1972 to ensure that businesses take responsibility for the products they produce?

Business

1 answer:

Iteru [2.4K]3 years ago

8 0

The Consumer Product Safety Commission was established to protect consumers from poor manufacturing and to make sure that products met quality and safety standards.

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Online companies create a ________consumers gain information that turns them into sophisticated customers, opportunities to cust

Ganezh [65]

Answer:

a value exchange

Explanation: Hope this help:)

3 0

2 years ago

Weston acquires a new office machine (7-year class asset) on August 2, 2017, for $75,000. This is the only asset Weston acquired

Arturiano [62]

Answer:

The total cost recovery for 2017 is $38,838.75 and The total recovery cost for 2018 is $6457.031

Explanation:

for 2017:

additional first year depreciation = $75,000*50%

= $37,500

using 7-year MACRS mid quater converntion, the depreciation % for quater 4 is 3.57%

additional MACRS cost recovery = ($75,000 - $37,500)*3.57%

= $1338.75

total cost recovery for 2017 = $37,500 + $1338.75

= $38,838.75

for 2018, additional first year depreciation is $37,500

using 7-year MACRS mid quarter convention for next year, the depreciation % fpr quarter 4 is 27.55%

the machine sold in september , so it was used for two full quarters and half third quater

the recovery is computed for 2.5 over 4 quarters of a year

additional MARSC cost recovery = $37,500*27.55%*(2.5/4)

= $6457.031

total recovery cost for 2018 is $6457.031

Therefore, The total cost recovery for 2017 is $38,838.75 and The total recovery cost for 2018 is $6457.031

7 0

3 years ago

When Raoul Welsh is evaluating the construction industry in terms of interest rates, employment cycles, and the rate of new home

Mice21 [21]

Answer:

FALSE

Explanation:

Microeconomics refers to the branch of economics which examines the actions of persons and businesses in making choices about limited resource distribution and the relationships between these entities and industries.

Although microeconomics concentrates on companies and people, macroeconomics focuses on overall economic exercise, talking about issues of development, interest rates, and joblessness, and governmental policies on such concerns.

Thus, from the above we can conclude that the given statement is false.

7 0

3 years ago

A firm has redesigned its production process so that it now takes 10 hours for a unit to be made. Using the old process, it took

Citrus2011 [14]

Answer:

Reduction in work in progress = $7500

Explanation:

given data

time = 10 hours

time = 15 hours

worth = $1,500

to find out

reduction in work in process value

solution

we find work in progress by this formula

work in progress = Flow rate × Cycle Time .......................1

so Initial work in progress is

Initial work in progress = (1 per hour) × 10 hours = 10

and Final work in progress is here

Final work in progress = (1 per hour) × 15 hours = 15

Initial work in progress value = 10 × 1500

Initial work in progress value= $15000

and

Final work in progress value =15 × 1500

Final work in progress value = $22500

Reduction in work in progress = $22500 - $15000

Reduction in work in progress = $7500

4 0

3 years ago

Homeyer Corporation has provided the following data for its two most recent years of operation: Selling price per unit $ 71 Manu

Alex

Answer:

Net operating profit= 102,000

Explanation:

Giving the following information:

Selling price per unit $ 71

Manufacturing costs:

Direct materials $ 12

Direct labor $ 6

Variable manufacturing overhead $ 3

Fixed manufacturing overhead per year $ 264,000

Selling and administrative expenses:

Variable selling and administrative expense per unit sold $ 4

Fixed selling and administrative expense per year $ 74,000

Year 1

Units in beginning inventory 0

Units produced during the year 11,000

Units sold during the year 8,000

Units in ending inventory 3,000

Year 2

Units in beginning inventory 3,000

Units produced during the year 12,000

Units sold during the year 14,000

Units in ending inventory 1,000

Unitary cost= (12 + 6 + 3) + (264,000/11,000)= $45

Income statement:

Sales= (8,000*$71)= 568,000

COGS= (8,000*45)= 360,000 (-)

Gross profit= 208,000

Variable selling and administrative= (4*8000)= 32,000 (-)

Fixed selling and administrative expense= 74,000 (-)

Net operating profit= 102,000

4 0

3 years ago