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valkas [14]
3 years ago
11

In some countries it is customary to pay government officials to secure necessary business contracts and permits. American busin

esses must follow U.S. law and cannot make these payments according to the__________
Business
2 answers:
tatyana61 [14]3 years ago
5 0

Answer:

Foreign Antitrust Act.

Explanation:

The Foreign Antitrust Act is an act against contracts, combinations and conspiracies, which helps to control trade and commerce within several US states. It is a section of the Sherman Act of U. S. C 1. The major reason for this law is so that there will be equal opportunities and platform for businesses within the same industry to operate without one gaining too much power over the other. The law controls dirty activities people engage to make profits.

Anarel [89]3 years ago
4 0

Answer:

The correct answer is letter "B": Foreign Corrupt Practices Act.

Explanation:

The Foreign Corrupt Practices Act or FCPA is a U.S. law passed in 1977 that forbids all types of payments to foreign officials to expedite the processes of a business. Those payments could be done also to favor the licensing of a certain type of work, such as major constructions, or any other bribery causing corruption.

The entity in charge of enforcing the FCPA is the <em>Securities and Exchange Commission</em> (SEC) and the <em>Department of Justice</em>.

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Pharoah Company sells merchandise on account for $3600 to with credit terms of 2/14, n/30. Blue Spruce Corp. returns $600 of mer
aleksandr82 [10.1K]

Answer:

The journal entry to record the merchandise return and the payment should be:

Dr Cash 2,940

Dr Sales discount 60

Dr  Sales returns and allowances 600

    Cr Accounts receivable 3,000

The second entry must be made to record the increase in inventory:

Dr Merchandise inventory 600

    Cr Sales returns and allowances 600

Explanation:

The sales returns and allowances account is used to record returned merchandise, while the sales discount account is used to record discounts for early payments or other types of sales discounts.

3 0
2 years ago
If the beginning balance of the Accumulated Depreciation—Equipment account is $10,000 and an adjusting journal entry is recorded
kari74 [83]

Answer:

B. $12,500

Explanation:

Accumulated depreciation is the cumulative depreciation of an asset up to a single point or current point in its life.

Each period, the depreciation expense recorded in that period is added to the beginning accumulated depreciation balance. Therefore when there's an entry of depreciation of an equipment, the current value is added to the previous total of the old entry. Therefore the balance of the the depreciation after current entry is the beginning balance of the depreciation plus the balance entered into the record.

In this case, the beginning balance was $10,000 and the entry was $2,500

Hence, balance of accumulated depreciation account after entry is 10000 + 2500 = $12,500

6 0
3 years ago
Imagine you own a food truck that sells gourmet vegan tacos. You rely on many suppliers, all of which also supply their goods to
ladessa [460]

Answer:

A

Explanation:

Because there are plenty of suppliers for some goods, the food truck owner is more powerful in this case than the suppliers. Here the power of suppliers is low

For the other goods with only a single supplier. the supplier has more powerful than the taco seller. here the power of supplier is high. If the supplier increases price, the taco seller would most likely have an inelastic demand and would be at the mercy of the supplier

thus, the  power of suppliers is relatively high for some items and relatively low for others.

8 0
2 years ago
You are considering buying common stock in Grow On, Inc. The firm yesterday paid a dividend of $7.80. You have projected that di
Lina20 [59]

Answer:

The answer is $56.68

Explanation:

Solution

We recall that:

The firm paid a dividend of =$7.80

The projected growth of dividends is at a rate = 9.0%

The annual return = 24.0%

Now,

V = ($7.80 * (1.09)/(.24 - 0.9)

= (8.502)/(.24-0.9)

= (8.502) * (-0.66)

= $56.68

Therefore, this would be the most we would pay for the stock. If we paid less than that, our return would be above the 24%.

3 0
2 years ago
According to Mikey, the founder, Holden Outerwear does not manufacture its garments in the United States because of the: aplicat
wolverine [178]

Answer:

d

Explanation:

The complete question is mentioned in attachment. According to 2nd line and  2nd last line, option d is the ocrrect answer.

3 0
3 years ago
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