All categories

2 years ago

A company that manufactures health foods doesn't want to list certain

1 answer:

3 0

Because the company does not lists the ingredient in the product, then, this is an example of violation to disclosure aspect of consumer protection laws.

<h3>What is consumer protection laws?</h3>

The Consumer protection law includes different legislation which intended to prevent businesses owners from engaging in fraud or reducing quality of product.

One of the Consumer protection law makes its necessary for the manufacturer to disclose the full ingredient they use in producing the product.

In conclusion, the scenario is an example of violation to disclosure aspect of consumer protection laws.

Therefore, the Option B is correct.

Read more about consumer protection laws

brainly.com/question/1862829

You might be interested in

On January 1, 2018, Jordan, Inc. acquired a machine for $ 1 comma 040 comma 000. The estimated useful life of the asset is fiv

romanna [79]

Answer:

Annual depreciation= $197,000

Explanation:

Giving the following information:

Purchasing price= $1,040,000

Residual value= $55,000

Useful life in years= 5

Under the straight-line method, the annual depreciation is the same during the useful life of the machine. To calculate the annual depreciation, we need to use the following formula:

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (1,040,000 - 55,000)/5= $197,000

4 0

2 years ago

Read 2 more answers

Cost classifications For each of the following costs, check the columns that most likely apply (both variable and fixed might ap

Vanyuwa [196]

Answer:

A. Particular Direct Indirect Variable Fixed

1 Wages of Assembly Yes No Yes No

2 Deprecation of plant & No Yes No Yes

Machinery

3 Glue & Thread No No Yes No

4 Outbound Shipping Cost No Yes No Yes

5 Raw Material Handling Cost Yes No Yes No

6 Salary Of Public Relations No Yes No Yes

manager

7 Production Run Setup Costs Yes No Yes No

8 Plant Utilities Yes No Yes No

9 Electricity cost of retail stores No Yes Yes No

10 Research and development No Yes No Yes

expense

B. Product-Costing

i. Manufacturing Cost Per Machine Hour = Total Manufacturing overhead / Total Machine Hours

Manufacturing Cost Per Machine Hour = 359,520.00 / 21,400.00

Manufacturing Cost Per Machine Hour = 16.80

ii. Particular Amount

Raw Material $6,240

Direct Labor Cost $9,165

$15,405

Manufacturing overhead $13,104

(780 hours* $16.80)

Total Cost of 3900 Hats $28509

Thus, the Cost of One hat = $28509 / 3900 hat = $7.31 per hat

iii. Total Hats made During the Month Of April 3,900

Less: Closing Inventory 1,050

Sold During the month of April 2,850

Cost Of Hats Sold During the month of April

= 2,850 * $7.31

= $20,833.5

Cost of Closing Stock (1,050 hat) = 1,050 hat * $7.31 = 7675.5

8 0

3 years ago

Which of the following statements are correct with regards to a change in a company's sales mix? (check all that apply)- A chang

ololo11 [35]

Answer:

The answers are:

A change in sales mix from high-margin to low-margin items may cause total profits to decrease despite an increase in total sales.
A change in sales mix from low-margin to high-margin items may cause total profits to increase despite a decrease in total sales.

Explanation:

A company's profit is affected by its sales mix. Profits will always be higher if high margin products or services make up a large proportion of the sales mix. Even if total sales decrease, due to a decrease in the sales of low margin products, the company's profits might increase if more high margin products are sold.

For example, a Ford sells mostly pick up trucks, SUVs and cars. The profit margin from car sales is very low, so in order to make a larger profit the company must focus on selling more pick up trucks and SUVs. Even if the company losses market share by not selling cars, it will make more money by selling high margin products.

7 0

3 years ago

Here are the comparative income statements of Ivanhoe Corporation. IVANHOE CORPORATION Comparative Income Statement For the Year

AlekseyPX

Answer:

2022 2021 Change % Change

Net sales 624,100 523,300 100,800 19.23%

Cost of goods sold 462,100 405,800 56,300 13.87%

Gross profit 162,000 117,500 44,500 37.87%

Operating exp. 72,300 44,300 28,000 63.21%

Net Income 89,700 73,200 16,500 22.54%

Since we are using the 2021 income statement as base year, any change will be calculated by dividing the total change by the 2021 amount, and then multiply by 100 to get the %.

7 0

3 years ago

Suppose that three firms make up the entire tire manufacturing industry. One has a 40% market share, and the other two have a 30

masha68 [24]

Answer:

3400

increase

Explanation:

the Herfindahl index is used to calculate the concentration of firms in an industry

The HHI is calculated by squaring the market share of each firm in the industry.

40² + 30² + 30² = 3400

If one of the firms leaves the industry, the industry becomes more concentrated and the HHI index would increase

5 0

3 years ago