In 2009, ________ ordered Bayer to run a six-month, $20 million corrective advertising campaign for Yaz birth control because its marketing and advertising made false claims.
A. the FDA
B. the FCC
C. the Supreme Court
D. the FTC
E. the US Post Office
Answer: A
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Iggy Sales, Inc offers warranties on all its electronic goods
Warranty expense is estimated at 3.5% of sales revenue. In 2017, Iggy had sales of $333,000. In the same year, Iggy replaced defective goods with merchandise inventory costing $8,750. Prepare the journal entry to record the replacement of defective goods. What will be an ideal response
Adrian operates a recycled metals business and contracts to provide ten tons of scrap steel at $500 per ton to be delivered to Build-It-Rite Materials, Inc, in seven months. An unforeseen shortage of scrap steel suddenly develops, making it impossible for Adrian to fulfill the contract for less than $5,000 per ton. Adrian's best defense against performing the contract would be that A)
performance of the contract is commercially impracticable. B) procuring the steel would force the seller into bankruptcy. C) the law has rendered performance of the contract illegal. D) the specific subject matter of the contract has been destroyed.
A mortgage loan in which the interest rate charged fluctuates with the level of current interest rates is called a(n)
A) MRA. B) MAR. C) RAM. D) ARM. E) none of the above.
The management of International Cookwares believes that delivery performance measures must be improved if the company is to maintain its competitive edge. The following data are considered to be typical of the time to complete orders.•Process time: 4 days •Wait time to the start of production: 15 days •Move time: 3 days •Inspection time: 2 days •Queue time during the production process: 8 days What is the manufacturing cycle efficiency?
A. 23.5% B. 87.5% C. 12.5% D. 76.4%