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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:

You might be interested in
M10-14 Analyzing the Impact of Transactions on the Debt-to-Assets Ratio [LO 10-5] BSO, Inc., has assets of $600,000 and liabilit
Gnom [1K]

Answer:

The each transaction affecting or not the debt to assets ratio is given below;

1-Purchased inventory of$20,000 on credit

2-Paid accounts payable amount of $50,000

3-Recorded accrued salaries of $100,000

4-Borrowed $250,000 from a local bank

Explanation:

1-Debt/Total Assets=470,000/620,000=.76 it will increase the ratio

2-                              =400,000/550,000=.73 it will decrease the ratio

3-                              =550,000/600,000=.92 it will increase the ratio

4-                              =700,000/850,000=.82 it will increase the ratio

5 0
3 years ago
Which of the following key organizational elements are unique to the fulfillment process?
GarryVolchara [31]

Answer:

Key organizational elements are unique to the fulfillment process are:

A) Credit control area

B) Sales area

C) Shipping point

6 0
3 years ago
Based on your understanding of the impact of macroeconomic factors, identify which of the following statements are true or false
lawyer [7]

Answer:

  1. True
  2. False
  3. True
  4. True

Explanation:

When an economy has a strong balance sheet and a declining budget deficit, it means that there is less need to borrow from the market which would keep rates lower.

When the economy is weakening, the Fed will try to stimulate it by engaging in actions that weaken short term interest rates so that people and businesses can borrow at lower cost and invest or buy goods and services.

When investors are worried about the riskiness of other financial assets, they usually come to safer assets like U.S. Treasury bonds so that they do not lose money and this is what happened in the credit crisis of 2008. More demand for the bonds led to a rise in their price.

3 0
2 years ago
If a utility company were considering an increase in electricity or gas prices in order to cover the costs of a capital investme
Firlakuza [10]

Question:

If an utility company were considering an increase in electricity or gas prices in order to cover the costs of a capital investment, this sector would result in the smallest change in quantity demanded in the long run and thus higher profits. True or false?

Answer:

The answer is True.

Explanation:

Change in the demand for gasoline and or electricity is primarily set by the number of industrial or bulk users.

Scarce goods are allocated though the help of prices. It is important to note that demand for gasoline or electricity is <u>more elastic in the long term</u>, so small changes in price will alter supply and demand in either direction in the shortrun.

The demand for gas or electricity are by nature <em><u>inelastic.</u></em> This means that when prices go up, demand goes down <em><u>but not by much.</u></em>

It means that in the short term, the individuals cannot alter their lifestyle immediately to adjust for the hike in prices.

To adjust they would have to probably purchase new devices which or cars which consume less gas or electricity.

The effect this has for the company on the overall is that they are able to achieve their aim of recouping their capital investments from the planned increase in price.

Cheers!

8 0
3 years ago
A plant asset was purchased on January 1 for $140000 with an estimated salvage value of $20000 at the end of its useful life. Th
alukav5142 [94]

Answer:

useful life= 12 years

Explanation:

Giving the following information:

Purchase price= $140,000

Salvage value= $20,000

Annual depreciation= $10,000

<u>To calculate the useful life, we need to use the straight-line method formula:</u>

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

10,000= (140,00 - 20,000) / useful life

10,000useful life = 120,000

useful life= 120,000 / 10,000

useful life= 12 years

4 0
3 years ago
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