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lesya692 [45]
2 years ago
12

Why was 2007 considered the "Year of the Recall"?

Business
1 answer:
Karolina [17]2 years ago
8 0

Answer:

Most of the recalls were in the toy industry, which alarmed the public

Explanation:

2007 is known as the "year of the recall" because in that year a very high level of recalls were made by manufacturers but most importantly and alarmingly was the toy industry.

Every child, from being a baby to toddlers and preteens usually have one or more toys that they play with. 2007 seemed like the year to not get toys for kids as it became public knowledge that high amounts of lead was used in toy production that year.

Lead for all its usefulness is a poisonous  or dangerous substance to the human body talk more of a kid. The revelation of excessive lead content in toys caused a recall of toys by toy companies among other companies.

Also affected were art supplies, jewelries, etc.

Cheers  

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How is owner’s equity affected when is paid for expenses?
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Answer:

Profit and loss are directly linked to the amount of money the company is spending to run its business -- its operating expenses. So changes in operating expenses naturally affect owner's equity.

4 0
2 years ago
A woman walks into a store and steals $100 she comes back and buys $70 worth of goods with the $100, the owner gives her$30 in c
deff fn [24]
The answer is $100.

Amount she steals= $100
Amount she bought goods= $70
Amount the owner returns as change = $30
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Amount she steals +amount of goods - amount she gives to owner + amount owner returns as change = $100 + $70 - $100 + $30 = $200 - $100 = $100
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3 years ago
a personal account earmarked as a retirement supplement contains $292,200. suppose $250,000 is used to establish an annuity that
Hoochie [10]

Suppose $250,000 is used to establish an annuity that earns 6%, compounded quarterly, and pays $6000 at the end of each quarter. It will take about 120 quarters until the account balance reaches $0.

Amount invested (Present value) = $250000

Quarterly payment (At the end of each quarter) (P) = $4500

Interest Rate (Quarterly) (r) =  6% /4

= 1.5% = 0.015

A number of quarters (n) = ?

Future value at the end  = 0

Present value of Annuity formula:

Present value  = P × (1-(1+r))^{(-n)}  / r

250000 =  4500 × (1-((1+0.015))^{(-n)}  / 0.015

250000 =  300000 × (1-((1+0.015)}}^{(-n)}

250000 / 300000 = 1-(1+0.015)^{(-n)}

0.83333 = 1-(1.015)^{(-n)

n = 120

Hence is shall take 120 Quarters until the account balance is $0.

To learn more about account balance

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3 0
1 year ago
In order to make sure that a creditor of the insured is not paid more than the outstanding loan at time of claim, the policyowne
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So one can make sure that a creditor of the insured isn't paid more than the exquisite mortgage at the time of declaration, the coverage proprietor should: Convertible insurance

A creditor is an entity, a business enterprise, or someone of a felony nature that has provided items, offerings, or a financial loan to a debtor. as soon as a creditor has given a loan, the fee is expected at a later date, generally agreed upon in advance.

A creditor is a man or woman or institution that extends credit to any other celebration to borrow cash normally by way of a mortgage agreement or contract. lenders including banks can repossess collateral like homes and automobiles on secured loans, and take borrowers to the courtroom over unsecured money owed.

For instance, a debtor/creditor relationship is if you take out a mortgage to shop for your house. then you as the property owner are a debtor, while the bank that holds your loan is the creditor. In trendy, if someone or entity has loaned cash then they are a creditor.

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Answer:

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Explanation:

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