1. Your parents don’t yell at you
2. You can manage your money evenly
Prior to 1914, the caveat emptor let the buyer beware was the name of the game for consumers.
<h3>What is
Caveat Emptor?</h3>
- The phrase "caveat emptor" has gained renown in English. The contract law principle known as caveat emptor often governs the sale of real estate after the date of closure, though it may also apply to the sale of other types of products.
- Because purchasers frequently know less about the product or service they are buying than the seller, the phrase "caveat emptor" and its use as a disclaimer of warranties are a result.
- This characteristic of the circumstance is referred to as "information imbalance." Defects in the product or service might only be known to the seller and concealed from the buyer.
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Answer:
Explanation:
We were told to Identify the following costs as a product cost or a period cost for a magazine publisher:
PRODUCT COST are all the incurred cost during production of a service/ product till it's available to get to the consumer. This could be direct labor as well as over head.
PERIOD COST: are cost that cannot be associated to production cost such as rents, utilities cost that are required for the business.
a). SALES SALARIES
Identification: product cost
b. PAPER USED FOR THE MAGAZINE
Identification: product cost
c. MAINTENANCE ON PRINTING MACHINE
Identification: product cost
d) DEPRECIATION EXPENSES—corporate headquarters
Identification: Period cost
Exclusive dealing
Exclusive dealing refers to a contractual agreement or requirement whereby the suppliers are only allowed to sell their goods or products through a certain retail or wholesale sales outlet in a particular area. Examples of businesses that tend to adopt this type of agreement include franchised fast food restaurants, and gas stations, because these types of businesses often need to obtain their supplies only from a particular company.
Answer:
40%
Explanation:
Contribution margin = Contribution ÷ Sales × 100
= 72,000 ÷ $180,000 × 100
= 0.4 × 100
= 40%
Please not that other information given in the question are not relevant in arriving at the contribution margin ratio hence will be ignored.