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ipn [44]
2 years ago
8

Why were consumer protection laws created

Business
1 answer:
vovikov84 [41]2 years ago
3 0

Answer:Consumer protection laws exist to prevent dangerous or unethical business practices, such as false advertising or faulty products. For most consumer goods, the Federal Trade Commission regulates warranties and service contracts.

Explanation:

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In the welding operations of a bicycle manufacturer, a bike frame has a flow time of about 11.5 hours. The time in the welding o
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Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

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Which of the following would be an example of international business?
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In preparation for developing its statement of cash flows for the year ended December 31, 2021, Rapid Pac, Inc., collected the f
wariber [46]

Answer:

a. In Rapid Pac's statement of cash flows, what were net cash inflows (or outflows) from investing activities for 2016?

Proceeds from sale of land $10.8

Purchase of Microsoft common stock -$162.0

net outflow = -$151.2 million

b. In Rapid Pac's statement of cash flows. what were net cash inflows (or outflows) from financing activities for 2016?

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Proceeds from the sale of treasury stock (cost: $27.0 million) $32.0

Distribution of cash dividends declared in 2020 -$58.0

net outflow = -$117 million

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2 years ago
Cash Flows From Operating Activities Add to Net Income Deduct from Net Income Cash Flows From Investing Activities Cash Flows Fr
aleksklad [387]

Answer:

1. Common stock is issued for cash at an amount above par value - From Financing Activities

2. Inventory increased during the period - From Operating Activities

3. Depreciation expense recorded for the period - Add to Net Income

4. Building was purchased for cash - From Investing Activities

5. Bonds payable were acquired and retired at their carrying value - From Financing Activities

6. Accounts payable decreased during the period - From Operating Activities

7. Prepaid expenses decreased during the period - From Operating Activities

8. Treasury stock was acquired for cash - From Financing Activities

9. Land is sold for cash at an amount equal to book value - From Investing Activities

10. Patent amortization expense recorded for a period - Add to Net Income

Explanation:

The cash flow statement categories the company's transactions in a financial period into 3 groups; these are operating, investing and financing.

The net profit/loss, depreciation, changes in current assets (other than cash) and liabilities are considered as operating activities including income taxes.  

The sale of assets, interest received, purchase of investments are examples of investing activities while the issuance of stocks, debt principal deduction (loan settlement), issuance of debt securities etc are examples of financing activities.

An increase in assets other than cash is an outflow while an increase in liabilities is an inflow. Depreciation and other non-cash expenses deducted in the income statements are added back while the non-cash income such gain on asset are deducted from net income.

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3 years ago
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