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3 years ago

Methods used to protect consumers

2 answers:

8 0

Answer:The Consumer Product Safety Commission is responsible for consumer product safety. The Federal Trade Commission (FTC) protects consumers against false advertising and fraud. The Food and Drug Administration is responsible for the safeguarding of public health by monitoring drugs, medical devices, and cosmetics

Gala2k [10]3 years ago

3 0

Answer:

Governments of different countries protect the interests of the consumers through the mechanism created by three types of legal provision. These are direct consumer protection laws, anti trust laws or the laws to curb monopolistic practices, and laws to govern management of corporations including trading exchanges.

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Able Towing Company purchased a tow truck for $90,000 on January 1, 2012. It was originally depreciated on a straight-line basis

attashe74 [19]

Answer:

$14,620.00

Explanation:

Depreciation on a straight line is constant throughout the useful.

For able towing, depreciation expenses for 2012 and 2013 will be

Depreciable amount = cost price - salvage value

=$90,000- $18,000= $72,000

Depreciation will be $72,000 /10 years which will be $7200 per year

For two years will be $7200 x 2= $14,400

At the beginning of 2014, the book value will be $90,000 - $14,400=$ 75,600

new salvage value beginning 2014 is $2500

Depreciable amount is $75,600- $2,500=$73100

use-life life is 5 years.

The depreciation rate for 2014 is $73,100 /5 years

=$14,620.00

5 0

3 years ago

Otto and Monica are married taxpayers who file a joint tax return. For the current tax year, they have AGI of $99,600. They have

trapecia [35]

Answer: $129480

Explanation:

Based on the information given, the amount of their AMTI will be calculated as:

AGI = $99600

Add: Excess Depreciation on Real Estate = $59760

Less: Mortgage Interest Expenses = $19920

Less : Charitable Contribution = $9960

AMTI = $129480

7 0

3 years ago

In risk management,what does risk evaluation involves?

sweet [91]

Risk evaluation involves rating the risks that may happen based on the likelihood of them happening. Risk evaluation also involves rating these potential happenings based on the impact they could have on the business. Evaluating risk is a step in the creative process of risk management.

3 0

4 years ago

Read 2 more answers

13.10 Two risky gambles were proposed at the beginning of the chapter: Game 1: Win $30 with probability 0.5 Lose $1 with probabi

Lena [83]

Answer:

yes, it is true

Explanation:

the expected value of game 1 = ($30 x 0.5) + (-$1 x 0.5) = $15 - $0.50 = $14.50

since the expected value of game 1 is very high compared to the risk of losing, then most of us would probably want to play that game.

the expected value of game 2 = ($2,000 x 0.5) + (-$19,000 x 0.5) = $1,000 - $9,500 = -$8,500

on the contrary, since the expected value of game 2 is negative and the risk of losing a large amount is very high, very few people will be willing to play game 2 without being paid to do so.

8 0

3 years ago

If the inflation rate is 5 percent and a $1000 bank deposit increases in one year to $1120, then the real interest rate for that

Yuki888 [10]

Answer:

c. 7 percent

Explanation:

The real interest rate will be net of the effect of inflation.

In this case we are givne with the principal and the amount.

We will solve for nominal rate first:

amount/ principal - 1 = rate

1,120/1,000 - 1 = 0.12

Now, we calculate the real rate of return. we subtract the inflation from the nominal to achieve the real rate.

nominal - inflation = real rate

0.12 - 0.5 = 0.07

The real interest rate will be of 0.07 = 7%

7 0

3 years ago