Answer:
d. prohibits all mergers and acquisitions.
Explanation:
The Clayton Act is an antitrust law of the United States of America. It was enacted by the U.S Congress in the year, 1914. Henry De Lamar Clayton was the lawmaker who introduced this legislation which is aimed at regulating the behavior or activities of massive business entities, it was then signed into law by President Woodrow Wilson on the 15th of October, 1914.
The Clayton Act prohibits all mergers and acquisitions of a business entity if the reason is to monopolize and by extension lessen competition in the market according to its section 7. The Act was passed primarily to stop incipient anti competitive behavior that are not covered by the Sherman Act.
<em>Other sections of the Clayton Act prohibited predatory pricing, price cutting and discrimination, monopoly etc. </em>
Answer:
Explanation:
Before passing the journal entry, we have to find out the bad debt expense amount which is shown below:
Bad debt expense = Account receivable balance × uncollectible percentage + debit uncollectible account balance
= $130,000 × 20% + $2,100
= $26,000 + $2,100
= $28,100
So, the journal entry would be
Bad debts expense A/c Dr $28,100
To Allowance for uncollectible accounts $28,100
(Being uncollectible accounts is adjusted)
Answer:
1633.46
Explanation:
If you borrow $300,000 at 6.500% for 30 years, your monthly payment will be $1,896.20.
The payments on a fixed-rate mortgage do not change over time. The loan amortizes over the repayment period, meaning the proportion of interest paid vs. principal repaid changes each month. As the loan amortizes, the amount of monthly interest paid decreases while the amount of principal repaid increases.
Answer:
the ending balance of the unearned revenue is $3,225
Explanation:
The computation of the ending balance is shown below:
= Amount received from the customer for performing the future service + balance in the account
= $500 + $2,725
= $3,225
Therefore the ending balance of the unearned revenue is $3,225
The above formula should be applied
