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The FTC is empowered to enforce rules of trade regulation that define unfair or deceptive actions or practices in great detail and to report to and advise Congress on legislative matters related to the economy. This is further explained below.
<h3>What is the federal trade commission?</h3>
Generally, The Federal Trade Commission (FTC) is a non-departmental executive body of the United States government charged with protecting consumers and enforcing federal antitrust laws.
In conclusion, The FTC is empowered to enforce laws of trade regulation that define unfair or deceptive actions or practices in great detail, and it may also report to Congress on economic matters and provide policy suggestions.
Read more about the federal trade commission
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Answer:
The land should be reported in the financial statements at $41,500
Explanation:
The company will report the asset value in the financial statements as their original purchase price of $40,300. Under Historical cost principle, the price of an asset on the balance sheet is always based on the original cost when the company purchased the asset. It follows the Generally Accepted Accounting Principles (GAAP) which is widely accepted. Therefore the land is reported in the financial statements at its purchase value of $41,500
Answer:
Interest expense 18,284.17 debit
Premium on BP 1,965.83 debit
Cash 20,250 credit
Explanation:
procceds 461,795
face value 450,000
premium on bonds payable 11,795
As the cash received exceed the face value then, the bonds were isued at premium.
This will be amortized over the bonds life
3-year bonds with semiannual payment: 6 payment in total
amortization per payment:
11,795 / 6 = 1.965,83
The will post:
the cash disbursement in favor of the bondholder:
450,000 x 9%/2 = 20,250
amortization (1,965.83)
interest expense: 18.284,17
Answer:
E) $2,400
Explanation:
optimal order quantity = sqrt{(2*D*S)/H}
= sqrt{(2*36,000*$80)/$4}
= $1,200
number of orders per year = $36,000/$1,200
= $30
total ordering cost = $30*$80
= $2,400
Therefore, The total ordering cost of inventory is $2,400.
