Hi there,
Glad to be helpful.
Adjusting entries are actually what go into the books. They are similar to journal entries, but are plugged into the general ledger. Therefore, it is impossible that they go before the financial statements which are the balance sheet, income statement, etc - those are entirely dependent on the general ledgers and adjusting entries.
Therefore,
<u>FALSE! </u>
The (D) Robinson-Patman act makes it a crime for a seller to sell at lower prices in one geographic area than elsewhere in the United States to eliminate competition or a competitor.
<h3>
What is the Robinson-Patman act?</h3>
- The Robinson-Patman Act is a federal statute that was created in 1936 to make pricing discrimination illegal.
- The Robinson-Patman Act amends the Clayton Antitrust Act of 1914 in order to prohibit "unfair" competition.
- The Robinson-Patman Act is a federal statute that prohibits pricing discrimination.
- The law prohibits wholesalers from charging varying pricing to different merchants.
- The act only applies to interstate commerce and includes an exemption for "cooperative associations."
- Economists and legal scholars have strongly opposed the measure on a variety of grounds.
Therefore, the (D) Robinson-Patman act makes it a crime for a seller to sell at lower prices in one geographic area than elsewhere in the United States to eliminate competition or a competitor.
Know more about Robinson-Patman act here:
brainly.com/question/15587574
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Complete question:
The __________ makes it a crime for a seller to sell at lower prices in one geographic area than elsewhere in the United States to eliminate competition or a competitor.
Multiple Choice
(A) Federal Trade Commission Act
(B) Wheeler-Lea amendment
(C) Gramm-Rudman-Hollings Act
(D) Robinson-Patman act
(E) Free Exercise Act
Answer:
skilled workers take time to train
Explanation:
this means that a lot of time is spent on training which te would have been invested in production
Answer:
1. Acquired cash from the issue of common stock. - Assets (I) Liabilities (NA) Equity (I)
2. Paid cash to reduce the principal on a bank note. - Assets (D) Liabilities (D) Equity (NA)
3. Sold land for cash at an amount equal to its cost. - Assets (NA) Liabilities (NA) Equity (NA)
4. Provided services to clients for cash. - Assets (I) Liabilities (NA) Equity (I)
5. Paid utilities expenses with cash. - Assets (D) Liabilities (NA) Equity (D)
6. Paid a cash dividend to the stockholders. - Assets (D) Liabilities (NA) Equity (D)
Explanation:
The accounting equation shows the relationship between the elements of a balance sheet which are assets liabilities and equity. This may be expressed mathematically as
Assets = Liabilities + Equity
While assets include fixed assets, cash, inventories, account receivables etc, liabilities include accounts payable, loans payable, accrued expenses etc.
Equity which represents the amount owed to the owners of the business includes retained earnings (which is the accumulation of the net income/loss over the years less dividends paid) and common shares.
I guess the correct answer is management science
Matt has developed a mathematical model for the film distribution company that employs him. The model will help in determining release dates and the desirable number of screens for new movies. This model is an application of management science.
