According to OSHA, the employer must identify <u>emergency escape routes.</u>
Answer:
$10,025
Explanation:
The change in raw material account balance at the start of a period and at the end of the period is as a result of 2 factor namely; use and purchases.
While use will result in a decrease in the account balance, purchases will cause an increase. This may be expressed mathematically as
Opening balance + purchases - use = closing balance
$500 + $10,250 - G = $725
where G represents the cost of the materials used during the period
G = $500 + $10,250 - $725
= $10,025
Answer:
b. the implied warranty of merchantability
Explanation:
Implied warranty of merchantability refers to an implied assurance, in every sales transaction that the seller's goods are safe and fit for intended purpose of usage.
It represents an unspoken guarantee on the part of the seller that his goods conform to the acceptable standards and properly packaged and labeled and abide by the promises conveyed on their label.
The motive behind such a warranty being, the seller must properly inspect and test the quality of his goods before releasing them or making them available for sale in the market.
In the given case, the seller sold skis to the customer which cracked into two upon usage. The seller isn't aware of the cause of the consequence. Thus, the seller breached the principle of implied warranty of merchantabilty as per which, it should've first checked and inspected the skis before making them available for sale.
The governor of South Dakota reports a budget surplus in 2011 and he states that the government received more taxes in the year than it spent in that year
Explanation:
Budget is the amount that the government plans and spends for the future needs and always the government introduces the budgets in the beginning of the year
Taxes must be paid regularly by the citizens and it is the due responsibility and the report of the taxes paid will be given to the governor an the report will be read and in one such report the governor of Dakota reported that there was a budget surplus the government received more taxes than it spent
The other-things-equal assumption, ceteris paribus refers to the notion that all variables except those under immediate consideration are held constant for a particular analysis.
<u>Explanation:</u>
"Holding other things constant" refers to the term Ceteris paribus. It mainly considers the one statement "all thing being equal" . In economic field, it takes only one variable into account and determines the effect of that one variable in economics holding all the other variables as a constant.
Whenever an argument occurs related to cause and effect then this concept comes into play. For instance this concept says that increasing the wage of an employee can reduce marginal cost, increase money supply, improves profits of the company he is working,etc. Thus, it considers the effect of only the wage of an employee.