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e-lub [12.9K]
2 years ago
5

Of the four consumer protection groups listed below, identify which groups are government agencies and which are non-governmenta

l. I. Better Business Bureau II. Consumer Product Safety Commission III. Consumers Union IV. Food and Drug Administration a. I and II are governmental; III and IV are not. b. II and III are governmental; I and IV are not. c. II and IV are governmental; I and III are not. d. III and IV are governmental; I and II are not. Please select the best answer from the choices provided A B C D
Business
1 answer:
Katen [24]2 years ago
8 0

Answer:

c. II and IV are governmental; I and III are not.

Explanation:

A government agency is usually a permanent organization established by either a state or national government in a federal system. They are established by legislative or executive powers for oversight and administration of specific functions. Examples of government agencies are Food and Drugs Administration (FDA), Consumer Product Safety Commission, Intelligence, Finance and Communications agency.

Non-governmental agency usually referred to as NGOs is a non-profit.

Of the four consumer protection groups listed above, Consumer Product Safety Commission and Food and Drug Administration are governmental; Better Business Bureau and Consumers Union are not.

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The $25 you deposit into your savings account when you receive a paycheck is an example of money being used as a
Leni [432]
Well u are saving money for something
7 0
2 years ago
Read 2 more answers
The following information relates to Carried Away Hot Air Balloons, Inc.:Advertising Costs $16,800Sales Salary 15,200Sales Reven
attashe74 [19]

Answer:

$76.670

Explanation:

Manufacturing overhead is the category where all the direct and not-direct cost and expenses are incurred when a product is manufactured. Manufacturing overhead includes depreciation of manufacturing equipment, factory repair and maintenance, the direct and indirect cost of labor, and direct and indirect material used. Other expenses and costs not directly related to the manufacture of products must not be included. Expenses and costs not included (within this question): sales of sales and president salaries, advertising and office rent (if it is not explicitly broke down between factory and office spaces).

6 0
3 years ago
Shum Manufacturing, which uses the high-low method, makes a product called Kwan. The company incurs three different cost types (
dsp73

Answer:

$110,000

Explanation:

Variable cost is determined by high-low method:

Type A = $50,000

Type B = 0

Fixed cost determined using high low method is:

Type A = 0

Type B = $60,000

The total cost of high low method is $110,000.

5 0
2 years ago
Two countries can gain from specialization and trade as long as they have different opportunity costs in the production of some
goldfiish [28.3K]

Answer:

True

Explanation:

the country with the lower opportunity cost in producing a good is more efficient in production and should specialise in production of that good. While the country with the higher opportunity cost is inefficient in the production of the good and should import from the country with the lower opportunity cost.

Let's illustrate with an example

Scenario A

Country X's opportunity cost in the production of good A = 12 units of B

Country Y's opportunity cost in the production of good A = 2 units of B

Country Y is more efficient and should specialise in the production of good A

Scenario B

Country X's opportunity cost in the production of good A = 12 units of B

Country Y's opportunity cost in the production of good A = 12 units of B

Both countries have the same opportunity cost, so, we can't decide which country should specialise

6 0
3 years ago
Pretzelmania, Inc., issues 6%, 10-year bonds with a face amount of $63,000 for $67,911 on January 1, 2021. The market interest r
allsm [11]

Answer:

The bonds were sold at a premium since the market price was higher than the face value. The bond premium = $67,911 - $63,000 = $4,911

Using the effective interest method to discount the bond premium, the interest expense on June 30, 2021 will be:

($63,000 x 3%) - ($67,911 x 2.5%) = $1,890 - $1,698 = $192

The journal entry that records the issue of the bonds

January 1, 2021, bonds issued at a premium:

Dr Cash 67,911

    Cr Bonds payable 63,000

    Cr Premium on bonds payable 4,911

The journal entry that records the first coupon payment

June 30, 2021, firs coupon payment:

Dr Interest expense 1,698

Dr Premium on bonds payable 192

    Cr Cash 1,890

7 0
3 years ago
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