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Brums [2.3K]
3 years ago
10

Allitron, Inc., and Donovan, Ltd., are interstate competitors selling similar appliances, principally in the state of Illinois,

Indiana, Kentucky, and Ohio. They agree that Allitron will no longer sell in Indiana and Ohio and that Donovan will no longer sell in Illinois and Kentucky. Identify the law or laws they are violating and why. Also, explain what, if any, punishment could result from this violation of the antitrust laws
Business
1 answer:
maxonik [38]3 years ago
6 0

Answer:

Since Allitron and Donovan engage in interstate commerce, they are regulated by the Sherman Antitrust Act. They incurred in collusion, which is illegal since they are restraining interstate commerce. Since they are competitors, they are prohibited from simply dividing sales territories, they should instead be competing for who serves them better.

Several punishments can result from this type of behavior:

  • the companies can be fined with up to $1 million each
  • their upper management can be sent to jail for up to 3 years
  • the Department of Justice should take actions that limit this
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Nautical has two classes of stock authorized: $10 par preferred, and $1 par value common. As of the beginning of 2015, 125 share
melamori03 [73]

Answer:

<h2>Nautical</h2>

1. Journal Entries:

March 1:

Debit Cash Account $35,100

Credit Common Stock $35,100

To record the issue of 2,700 shares of common stock for $13 per share.

April 1:

Debit Cash Account $6,475

Credit Preferred STock $6,475

To record the issue of 175 shares of preferred stock for $37 per share.

June 1:

Debit Dividends $2,280

Credit Dividends Payable $2,280

To record dividends of $0.40 per share to all stockholders of record.

June 30:

Debit Dividends Payable $2,280

Credit Cash Account $2,280

To record the payment of cash dividends.

August 1:

Debit Treasury Stock $1,750

Credit Cash Account $1,750

To record the repurchase of 175 shares of common stock for $10 per share.

October 1:

Debit Cash Account $1,500

Credit Treasury Stock Account $1,500

To record the reissue of 125 shares of treasury stock for $12 per share.

2. Selection of  whether each of these transactions would increase (+), decrease (?), on total assets, total liabilities, and total stockholders' equity:

                                        Transaction   Assets   Liabilities    Stockholders

                                            Total          Total          Total              Equity

Issue common stock         $35,100       +$35,100                    +$35,000

Issue preferred stock         $6,475        +$6,475                       +$6,475

Declare cash dividends      $2,280                        +$2,280      ?$2,280      

Pay cash dividends             $2,280       ?$2,280   ?$2,280

Repurchase treasury stock  $1,750       ?$1,750                        ?$1,750

Reissue treasury stock       $1,500       +$1,500                        +$1,500

Explanation:

a) Data and Calculations:

Authorized share capital:

$10 par preferred

$1 par value common

Issued, beginning of 2015:

Preferred = 125 shares

Common = 2,700 shares

b) The issue of 2,700 additional shares of common stock for $13 per share totalled $35,100.  This amount is credited to the Common Stock and the receipt of cash debited to the Cash Account.  The same is applicable with respect to the 175 additional shares issued at $37 per share.

c) When a cash dividend is declared, the stockholders of record on the record date of June 15 are noted, since they are the only ones that will participate in the dividends.  The accounting records are debit to the dividend account and a credit to the Dividends Payable account, establishing the liability.  The payment for the declared dividend is recorded with a debit to the Dividends Payable account to close the liability and a credit to the Cash Account.

d) Treasury stock is a stock of common stock repurchased by the company.  The issue and reissue of treasury stock are treated in the treasury stock account if the costing method is used, otherwise, the par-value method would be operational.

4 0
3 years ago
Smiley Corp.'s transactions for the year ended December 31, 2018 included the following:
mixas84 [53]

Answer:

b. -$350,000

Explanation:

The calculation of net cash used in financing activities is shown below:-

Net cash used in cash flow from financing activities = Borrow from bank - Dividend paid + Issue common Stock - Loan repaid

= $1,250,000 - $1,200,000 + $500,000 - $900,000

= -$350,000

Therefore for calculating the net cash used in financing activities we simply applied the above formula.

7 0
3 years ago
Read 2 more answers
When you tell an acquaintance your telephone number, you do not recite the digits one by one at a constant rate, as in "3, 3, 7,
mojhsa [17]

The answer would be chunking; working. Chunking is a word mentioning to the development of taking separate pieces of information (chunks) and combining them into larger units. By grouping each piece into a large whole, you can progress the amount of information you can recall. The key drive of this is to look for and determine these organized chunks of information in working memory, so that they can then be used proficiently and repeatedly, with slight further input from awareness.

7 0
3 years ago
Publisher problem: Full court press inc buts slick paper in 1525 pound rolls for textbook paper. Annual demand is 1800 rolls. Th
larisa86 [58]

Answer:

C. 2.253

Explanation:

The time between orders in WEEKS in a 52 week year can be calculated as follows

DATA

Annual Demand (D) = 1800 rolls

Cost per roll = $900

Annual holding cost (Ch) = 15% of $900 = $135

Ordering cost (Co) =$225

Solution

EOQ = \sqrt{\frac{2CoD}{Ch} }

EOQ = \sqrt{\frac{2x225x1800}{135} }

EOQ = 78 rolls

Number of orders = 1800/78

Number of orders = 23.077

The time between orders = 52/23.077

The time between orders = 2.253

5 0
3 years ago
The main elements of market structure are _____. perfect competition, monopolistic competition, monopoly, and oligopoly perfect
Bess [88]

Answer:

First one:

perfect competition, monopolistic competition, monopoly, and oligopoly

Explanation:

Hope this helps!!:)

6 0
2 years ago
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