FDA wants the labeling on your sunscreen to tell you more about protection against the sun's harmful rays.
Under a new regulation, the agency has proposed that sunscreen labeling be expanded to provide
<span>a four-star rating system that informs consumers how well the product protects them against "Ultraviolet A" (UVA) light.<span>Information on other ways people can limit their risks to dangers posed by overexposure to sunlight.</span></span>
Answer:
The answer is $155,000
Explanation:
Solution
Given that:
The Malpractice claims should accumulate an estimated loss by a charge to operations as soon as both the following conditions are :
1. There is a possibility that an asset has been weakened or a liability has been incurred.
2. The loss can be reasonably estimated
Thus
The Basic premium is = $150,000
The Additional premium is = $80,000 for first year as result of claims
So,
The insurance expense in first year is given as follows:
150,000/2 + 80,000
= 75,000+80,000
= $155,000
Therefore the amount of insurance expense that should appear on the financial statements at the end of the first year is $155,000
Answer:
Days' sales in inventory = 24 days.
Explanation:
We know,
Days' sales in inventory = 365 ÷ Inventory Turnover
Given,
Inventory Turnover = Cost of goods sold (cost of merchandise sold) ÷ Average inventory
Inventory Turnover = $2,100,000 ÷ $140,000
Inventory Turnover = 15 times
Therefore,
Days' sales in inventory = 365 ÷ 15 times
Hence, Days' sales in inventory = 24.33 days
Days' sales in inventory = 24 days.
Days' sales in inventory indicates that within 24 days, the company can sell the inventory.
The step transforms the item toward completion (something changes)
The step is done right the first time (not a rework step)
The customer cares (or would pay) for the step to be done.
A law requiring nutritional information on the outside packaging of food products is what type of force in the external marketing environment? Nutrition Labeling and Education Act of 1990. External marketing refers to promoting and selling their products. Within this type of marketing, it is a law that all items used to make a food product have to be listed on the label so that consumers know exactly what they are getting and eating.