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4 years ago

What are the 8 Consumer Rights

1 answer:

6 0

The right to satisfaction of basic needs
The right to safety
The right to be informed
The right to choose
The right to be heard
The right to redress
The right to consumer education
The right to a healthy and sustainable environment

There are your 8. :)

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If you purchase an item in a store you may be charged? Income tax, capital gains tax, sales tax, property tax?

Nesterboy [21]

Sales tax. i just had this question yesterday haha

4 0

4 years ago

Read 2 more answers

A company is doing business with a German entity and, as a result, has entered into a forward exchange contract on December 18,

elena-14-01-66 [18.8K]

Answer:

$18,000 gain

Explanation:

Calculation for the amount of foreign currency gain or loss that should be recognized in income on December 31, year 2

Since Forward rate was given as:

December 18, year 2 $1.25

December 31, year 2 $1.31

Which means we have to Deduct the forward rate of December 18, year 2 which is $1.25 from the forward rate of December 31, year 2 which is $1.31 and then multiply it by the amount in which forward rate was purchased which is 300,000 Euro which will in turn give us the amount of foreign currency gain that should be recognized in income on December 31, year 2

Now let calculate

Forward rate December 18, year 2 $1.25

Less Forward rate December 31, year 2 $1.31

=$0.06 gain per Euro

Now let calculate for the amount of foreign currency gain that should be recognized in income on December 31, year 2

Hence,

Forward rate purchased amount 300,000 Euro ×$0.06 gain per Euro

=$18,000 gain

Therefore the amount of foreign currency gain that should be recognized in income on December 31, year 2 will be $18,000 gain.

6 0

3 years ago

When considering marginal revenue versus marginal costs, marketers must ensure that.

LenaWriter [7]

It should be noted that when considering marginal revenue versus marginal costs, marketers must ensure that marginal revenue exceeds marginal costs.

<h3>What is marginal revenue and marginal costs?</h3>

The marginal cost of production serves as the change in total cost that is bern incured as a result of making or producing one additional item.

Marginal revenue (MR) on the other hand serves as the incremental entity.

However, In equilibrium, marginal revenue equals marginal costs.

Learn more about marginal revenue at;

brainly.com/question/25623677

4 0

2 years ago

] A firm is producing 1,000 units at a total cost of $5,000. If it were to increase production to 1,001 units, its total cost wo

valina [46]

Answer:

The question is not complete, below is an example of the completely stated question:

A firm is producing 1,000 units at a total cost of $5,000. If it were to increase production to 1,001 units, its total cost would rise to $5,008. What does this information tell you about the firm?

a. Marginal cost is $5, and average variable cost is $8.

b. Marginal cost is $8, and average variable cost is $5.

c. Marginal cost is $5, and average total cost is $8.

d. Marginal cost is $8, and average total cost is $5.

Answer:

d. Marginal cost is $8, and average total cost is $5.

Explanation:

Marginal cost of production is the change in cost, arising from the production of an additional unit of output. it is the cost of manufacturing one more unit of product. Mathematically, marginal cost is represented as:

$Marginal\ cost = \frac{change\ in\ cost}{change\ in\ quantity\ produced} \\$

change in cost (ΔC) = C₂ - C₁ = 5,008 - 5,000 = 8

change in quantity produced = Q₂ - Q₁ = 1,001 - 1,000 = 1

$Marginal\ cost = \frac{8}{1} = \$8$

∴Marginal Cost = $8

Average Total Cost (ATC) or average cost or unit cost is the total cost divided by the number of units produced. It is represented as

$ATC =\frac{TC}{Q} \\where\\ATC = Average\ total\ cost\\\TC = Total\ cost\ = \$5,000\\Q = units\ of\ goods\ produced = 1,000\\$

∴ ATC = 5,000 ÷ 1,000 = $5

4 0

3 years ago

Many countries, including the United States, measure output by calculating the _____.A. Gross Domestic ProductB. economic peaksC

patriot [66]

Answer:

A. Gross Domestic Product

Explanation:

The gross domestic product is the sum of all final goods and services produced in an economy within a given period which is usually a year.

Gross domestic product can be calculated in 3 ways:

1. Expenditure approach

2. National output

3. National income

Expenditure approach = Consumption spending by households + Investment spending + Government Spending + Net Export

I hope my answer helps you

8 0

3 years ago