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Natasha_Volkova [10]
3 years ago
7

The Iowa legislature passed a law banning trucks 65 feet long or longer from operating on its roads and highways because big tru

cks do more damage to roads than smaller trucks and are involved in more serious accidents. Consolidated Freightways (CF) drove big trucks through Iowa on a regular basis, and these trucks were legal in other states. Switching to smaller trucks for trips through Iowa was inconvenient and costly. CF filed a lawsuit contending that the statute was unconstitutional. The court most likely found that the Iowa statute was:
Business
1 answer:
IrinaVladis [17]3 years ago
5 0

Answer:

unconstitutional under the "dormant" commerce clause.

Explanation:

The Commerce Clause (Article 1, Section 8, Clause 3 of US Constitution) state that Congress has the power <em>"to regulate commerce with foreign nations, and among the several states, ..."</em>

The dormant commerce clause refers to limitations on state powers, which cannot pass any law that excessively burdens or discriminates against interstate commerce. Only Congress has the power to regulate interstate commerce.

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In 2000 Jenson Inc. issued bonds with an 8 percent coupon rate and a $1,000 face value. The bonds mature on March 1, 2025. If an
Vanyuwa [196]

Answer:

Yield to maturity is 6.6%

Explanation:

Yield to maturity is the annual rate of return that an investor receives if a bond bond is held until the maturity.

Face value = F = $1,000

Assuming Coupon payments are made annually

Coupon payment = $1,000 x 8% = $80

Selling price = P = $1,100

Number of payment = n = 13 years

Yield to maturity = [ C + ( F - P ) / n ] / [ (F + P ) / 2 ]

Yield to maturity = [ $80 + ( 1000 - 1100 ) / 13 ] / [ (1,000 + 1100 ) / 2 ]

Yield to maturity = [ $80 - 7.7 ] / 1100 = $72.3 /1100 = 0.066 = 6.6%

5 0
4 years ago
Listed below are certain costs (or discounts) incurred in the purchase or construction of new plant assets. Indicate whether the
Ann [662]

Answer:

a. Capitalized : Equipment

b. Expensed

c. Capitalized : Building

d. Expensed

e. Capitalized : Equipment

f.  Capitalized : Building

g. Capitalized : Building

h. Capitalized : Equipment

Explanation:

The Cost of Property, Plant and Equipment item according to IAS 16 includes, the Purchase Cost and any cost directly incurred in putting the assets in location and condition intended for use by management.

The costs exclude amounts collected in tax on behalf of third parties

Also not Capital expenditures increase the earning ability of the asset whilst  revenue expenditure is the maintenance of such asset.

6 0
3 years ago
Fancy Furniture produced a batch of 2,000 coffee tables at a cost of $355,000. It was discovered that the entire batch was finis
Law Incorporation [45]

Answer:

b) The $355,000 manufacturing cost of the tables already incurred.

Explanation:

The Business has already incurred this expense in making the coffee tables, this can not be done. Therefore, it does not make sense to consider this when considering whether to complete the

Tables, or sell them as they now are

All other points contribute either directly or indirectly to the decision that the company is about to take in this regard.

So, the correct answer is b

7 0
3 years ago
How will the general ledger accounts in the trial balance most likely differ if the company were a retail store rather than a wh
ExtremeBDS [4]

How will the general ledger accounts in the trial balance most likely differ if the company were a retail store rather than a wholesale company?

A general ledger account is used to record transactions that a company has. A trial balance has all of the general ledger accounts listed shows all of the debits and credits that a company has faced. A retail store will have smaller product transactions over a wholesale store due to the wholesale store selling in bulk. There will likely be more credits and debits for a retail store whereas a wholesale store may have more debits as they are less likely to have returns.

How will they differ for a hospital or a government unit?

A hospital or government unit will have vastly different general ledger reports due to the type of agency they are. These transactions will deal more with insurance or big dollar companies rather than individuals on a smaller scale. A trial balance is not a financial statement but it used to show balances that an organization has.

7 0
3 years ago
An investor that owns between ___ and ___ percent of the voting stock of an investee is assumed to have significant influence ov
Alexeev081 [22]

An investor is considered to have substantial influence over an investee if they possess between 20% and 50% of the voting shares.

Equity accounting is used to record and account for equity investments made by a firm when it holds 20% or less of the voting shares of another company.

According to the number of shares it owns in the investee company, the investor records the investee's earnings in its accounts.

In other words, the initial investment grows in proportion to the earnings earned.

The investee is a subsidiary of the investor since it has the power to control influence if it holds more than 50% of the voting shares.

Find out more about voting stock

brainly.com/question/14821403

#SPJ4

4 0
2 years ago
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