Corner Market sells groceries. Delta Food & Drug Store sells groceries and fills prescriptions. The party with the chief responsibility to prevent unsafe food and drugs from being sold is
A)?Corner Market and Delta Food & Drug Store
B)?Delta Food & Drug Store only.
C)?the Federal Trade Commission.
D)?the Food and Drug Administration.
D
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Answer the following statements true (T) or false (F)
1. A company produces 100 microwave ovens per month, each of which includes one electrical circuit. The company currently manufactures the circuit in-house but is considering outsourcing the circuits at a contract cost of $28 each. Currently, the cost of producing circuits in-house includes variable costs of $26 per circuit and fixed costs of $5,000 per month. The controller says that they should outsource production of the circuit, if it reduces fixed cost more than $200 per month. Is this statement true or false? 2. Deeper Clean Company makes bulk quantities of cleaning fluids. They currently sell 1,300 containers a month at a sales price of $24 per unit. If they add a new scent, they could charge $28 per unit for the improved product. It would cost them a total of $900 per month to make that alteration. If they decide to process further, it will improve their operating income. 3. Blue Streak Company makes a special kind of racing tire. Variable costs are $340, and fixed costs are $35,500 per month. Blue Streak sells 610 units per month at a sales price of $410. If Blue Streak upgrades the quality of the tire, management believes that the sales price can be increased to $450. If so, the variable cost will increase to $350, and the fixed costs will rise by 30%. The CEO wishes to increase his operating income by at least 20%. If the company decides to upgrade the product, the CEO will reach his goal.
The Budgeted Balance Sheet incorporates the Financing Budget and the Investing Budget of a company
Indicate whether the statement is true or false
The ________ is a rule making accountants liable only to those in a privity-of-contract relationship with the accountant
A) Doctrine of nondelegation B) Ultramares Doctrine C) Res ipsa loquitur Doctrine D) Erie Doctrine
Hubert bought heavy-duty, sharp hedge clippers to trim the hedges in his yard. In the process of using the clippers, he severely cut his hand. He is now suing the manufacturer on the basis that the clippers are unreasonably dangerous. Can he recover? Explain