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Maksim231197 [3]
3 years ago
5

Congress passes a law that regulates the amount of lettuce that can be grown on a farm. Milton is a farmer who grows lettuce. He

grows more lettuce than is allowed under the new law and is fined. He sues to have the law declared unconstitutional, arguing that he grew the allowed amount for sale and then grew some extra for his family to use in personal consumption. The federal courts are likely to:a. declare the law constitutional because Milton's actions substantially affect interstate commerce.b. declare the law unconstitutional because Milton's actions do not impact interstate commerce in a any way.c. declare the law constitutional because Milton's actions impact interstate commerce in a small way.
Business
1 answer:
Yuliya22 [10]3 years ago
6 0

Answer:

The answer is: A) Declare the law constitutional because Milton's actions substantially affect interstate commerce.

Explanation:

The Commerce Clause, Article I, Section 8, Clause 3 of the Constitution of the United States:

[The Congress shall have Power] To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes.

Congress can enact laws that regulate interstate commerce, and this law is an example of one of them. It doesn't matter if Milton's action only affect commerce in a very small way, the law is still constitutional.

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If a physical count of inventory indicates that the Merchandise Inventory account is​ overstated, an adjusting entry is required
ikadub [295]

Answer:

The correct answer is True.

Explanation:

Once you count all the products in the inventory once a year, you may have decided to count some products more frequently, perhaps because they are more valuable or because they fluctuate very quickly and form a large part of the business. To this end, you can assign special count periods to those items. For more information, see Perform the cyclic count.

If it is necessary to adjust the recorded inventory quantities, for counting or other reasons, you can use a product journal to change the inventory accounting entries without recording business transactions. Alternatively, you can adjust a single item on the item card.

If you need to change the attributes of the product accounting entries, you can use the product reclassification journal. Typical attributes to reclassify include dimensions and campaign codes, although it also performs "system transfers" by reclassifying location and warehouse codes. Special steps apply when you want to reclassify serial or lot numbers, and their expiration dates.

4 0
3 years ago
Sally and Samantha have decided to form a partnership. They have agreed that Sally is to invest $195,000 and that Samantha is to
lapo4ka [179]

<u>Answer/Explanation</u>:

<em>a. Equal division.</em>

<em>$235,000 / 2 = $117,500.</em>

<em>b. In the ratio of original investments.</em>

<em>For Samantha = 65,000 / (65000+195000) * 100 = 25%;</em>

<em>25% of $235,000= $58,750.</em>

<em>For Sally = 195,000 / (65000+195000) * 100 = 75%;</em>

<em>75% of $235,000= $176,250</em>

<em>c. In the ratio of time devoted to the business.</em>

<em>For Sally = 1 x $235,000 = $235,000</em>

<em>For Samantha= 1/2 x $235,000.</em>

<em>d. Interest of 5% on original investments and the remainder equally.</em>

<em>Interest</em>

<em>For Sally= 5% of $195,000 = $9,750</em>

<em>For Samantha= 5% of $65,000 = $3,250.</em>

<em>The remainder= 235,000 - 3,250 + 9750 = $222,000/2= $111,000 equally.</em>

<em>e. Interest of 5% on original investments, salary allowances of $50,000 to Sally and $85,000 to Samantha, and the remainder equally</em>

<em>Interest</em>

<em>For Sally= 5% of $195,000 = $9,750</em>

<em>For Samantha= 5% of $65,000 = $3,250.</em>

<em>The remainder= 235,000 - (9750+50000+3250+85000)= $87,000</em>

<em>(g), except that Samantha is also to be allowed a bonus equal to 20% of the amount by which net income exceeds the total salary allowances</em>

<em>Total salary allowances= $85,000+$65,000=$150,000;</em>

<em>Net income exceeds value by $235,000-$150,000= $85,000</em>

<em>Therefore, 20% of 85,000 = $8,500 as bonus.</em>

<em />

5 0
3 years ago
4. Your car loan requires payments of $200 per month for the first year and payments of $400 per month during the second year. T
anyanavicka [17]

Answer:

present value = $6,246.34

Explanation:

given data

loan payment 1st year  = $200 per month

loan payment 2nd year = $400 per month

annual interest rate =  12%

solution

we get here present value of 2 year loan that is express as

present value of 1st and 2

present value = present value of 1st + present value of 2nd year

we get here

present value = { $200 × \frac{1}{0.01} - \frac{1}{0.01(1.01)12} + $400 × \frac{1}{0.01} - \frac{1}{0.01(1.01)12} } ÷ 1.0112

present value = $6,246.34

7 0
3 years ago
For Hair Salon<br><br> How much funding do you think you need to run your business for 1 year? Why?
ad-work [718]

Answer:

100,000 for a building and expect to have an extra 40,000 for hair equipment.

Explanation:

Honesty there will be a difference depending on where you live. But even small office space can range from 100,000 to 600,000 and keep in mind that you will need to have anywhere from 40,000 to 250,000 for any hair equipment. Staring a business is not cheap but most people try to start their business off at home they work their way up the ladder to success.  

Hope this helps and good luck!

3 0
3 years ago
Accounts receivable are shown as<br>in the AR customer file.​
Pani-rosa [81]
What’s the question because you are not asking a question
7 0
2 years ago
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