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Masja [62]
3 years ago
6

The consumer product safety commission is a government agency that issues rules, orders, and decisions. the colorado state legis

lature enacts statutes. the washington county board and the silver city council enact ordinances. administrative law includes?
Business
1 answer:
Goshia [24]3 years ago
3 0
The CPSC make rules following a scientific process to understand and be able to allow products in the market. They require safety procedures and inspection. Failure to follow their rules and standards would end to rejection and total ban. The CPSC strictly adheres and had been given the authority with their procedure for safety.
You might be interested in
A company purchases merchandise with a catalog price of $30,000. The company receives a 40% trade discount from the seller. The
Svet_ta [14]

Answer:

$17,820

Explanation:

Data provided in the question:

Catalog price of the merchandise = $30,000

Trade discount received = 40%

The amount of discount received = 40% of $30,000

= 0.4 × $30,000

= $12,000

Therefore,

Cost of Merchandise = Catalog price - Discount

= $30,000 - $12,000

= $18,000

also,

credit terms = 1/10, n/30

since, the payment was made within the discount period

1% of discount will be provided

thus,

amount of discount = 1% of cost of merchandise

= 0.01 × $18,000

= $180

hence,

Net cost of the merchandise

= Cost of merchandise - Discount on credit terms

= $18,000 - $180

= $17,820

3 0
3 years ago
The demand for most products varies directly with changes in consumer incomes. Such products are known as Multiple Choice comple
olasank [31]

Answer:

The correct answer is letter "D": normal goods.

Explanation:

Normal Good is any good or service that sees its increase in demand as a result of an increase in income. Normal goods are defined as having an income elasticity coefficient of demand (<em>percentage change in quantity demanded by the percentage change in price</em>) which is lower than one (1) but is still a positive number.

<em>Consumer staples such as food, drugs, beverages, </em>and <em>basic household products</em> are considered normal goods.

7 0
2 years ago
Michael owns a machine shop. In reviewing the shop's utility bills for the past 12 months, he found that the highest bill of $2,
Citrus2011 [14]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Highest cost= $2,400 when the machines worked 1,000 machine hours.

Lowest cost= $2,200 when the machines worked 500 machine hours.

<u>To calculate the variable cost per unit and total fixed costs, we need to use the following formulas:</u>

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (2,400 - 2,200) / (1,000 - 500)

Variable cost per unit= $0.4 per hour

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 2,400 - (0.4*1,000)= $2,000

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 2,200 - (0.4*500)= $2,000

Total cost= 2,000 + 0.4x

x= machine hour

<u>Finally, the total cost for 1,200 machine hours:</u>

Total cost= 2,000 + 0.4*1,200

Total cost= $2,480

7 0
3 years ago
If stock you own is worth say 30,000 but you don't sell and notice it is going down but you hope it will go back up and keep it,
MatroZZZ [7]

Answer:

YES

Explanation:

If a stock you own is worth say $30,000 and you eventually sell it for $10,000, that is considered a loss on your taxes and you can count it as a loss on your taxes.

The situation given in the scenario is obviously that of capital erosion or capital loss.

Just like it would have been counted as capital gains if you had made a profit on the sale of the shares which would have been taxable, so also is it possible to make tax deductions on your returns when you make capital losses.

Hence, the loss amount can be deducted (offset) from other capital gains or ordinary income in your tax return.

5 0
2 years ago
Expando, Inc., is considering the possibility of building an additional factory that would produce a new addition to its product
Anton [14]

Answer:

Expando, Inc.

1. NPV for the following:

Plans                 NPV

Small facility     $3.5 million

Do nothing         0 million

Large facility     2.2 million

2. The best decision to help Expando is:_________

to build a small facility.

Explanation:

a) Data and Calculations:

                                      Small Facility         Large Facility

Initial investment costs     $7 million            $8 million

Discounted revenues:

Low demand                       9 million              9 million

High demand                     14 million             13 million

Probability of low demand = 0.70

Probability of high demand = 0.30

Expected revenue              10.5 million         10.2 million

                    ($9m * 0.7 + $14m * 0.30)         ($9m * 0.7 + $13m * 0.30)

NPV                                     3.5 million           2.2 million

1. NPV for the following:

Plans                 NPV

Small facility     $3.5 million ($10.5 - $7) million

Do nothing         0 million ($0 - $0) million

Large facility     2.2 million ($10.2 - $8) million

8 0
3 years ago
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