The Food and Drug Administration is empowered to ________.
A. recall unsafe toys, appliances, and other consumer products which are harmful to users
B. regulate the safety of meat, poultry, and other food products
C. prosecute violators directly by imposing fines and pronouncing sentences
D. obtain orders for the seizure, recall, and condemnation of harmful products
Answer: D
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Fixed factory overhead costs include:
a. Property taxes. b. Plant manager's salary. c. Factory insurance. d. All of these are correct.
Explain the pricing strategy being implemented when a retail store places the store's generic brand items next to the national brand items when the national brand items have a slightly higher price than the generic brand item
Why would a retailer do this?
Preston Office Furniture uses the periodic inventory system and the gross method of accounting for sales. It had the following transactions during the month of May: May 3Sold merchandise to a customer on credit for $600, terms 2/10, n/30. The cost of the merchandise sold was $350.May 4Sold merchandise to a customer for cash of $425. The cost of the merchandise was $250.May 6Sold merchandise to a customer on credit for $1,300, terms 2/10, n/30. The cost of the merchandise sold was $750.May 8The customer from May 3 returned merchandise with a selling price of $100. The cost of the merchandise returned was $55.May 15The customer from May 6 paid the full amount due, less any appropriate discounts earned.May 31The customer from May 3 paid the full amount due, less any appropriate
discounts earned.Prepare the required journal entries that Preston Office Furniture must make to record these transactions. What will be an ideal response?
A "stock option" permits the purchase of shares at a later date
a. True b. False Indicate whether the statement is true or false