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Veronika [31]
3 years ago
5

Federal antitrust statutes are complex, but the basic goal is straightforward: to prevent a major industry from being so dominat

ed by a small group of corporations that they destroy competition and injure consumers. Does Major League Baseball violate the antitrust laws? Many observers say that it does. A small group of owners not only dominate the industry but actually own it, controlling the entry of new owners into the game. This issue went to the United States Supreme Court in 1922. Justice Holmes ruled, perhaps surprisingly, that baseball is exempt from the antitrust laws, holding that baseball is not "trade or commerce." Suppose that a congressman dislikes this ruling and dislikes the current condition of baseball. What could he/she do?
Business
1 answer:
kicyunya [14]3 years ago
6 0

Answer:

Since it is the supreme Court that has given this decision, there is nothing much an individual congressman can do alone or even a president.

However, since anti trust laws do not cover those which are not trade or Commerce in nature, a congressman can propose to inact new laws that cover Sports related economic activities. Or they can pass a new law to include the sports related financials in the anti trust laws. But this could change the structure and the purpose of anti trust laws.

Explanation:

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Speculative investments are high-risk investments with the possibility of high returns in a short period of time.
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Read 2 more answers
Farmer's Fine Furnishings manufactures upscale custom furniture. Farmer's currently uses a plantwide overhead rate based on dire
alexdok [17]

Answer:

See below

Explanation:

1. Plant wide overhead rate

= Total manufacturing overhead / Estimated cost allocation base

= $1,100,000/27,500

= $40

2. Compute department overhead rates

= Total department overhead / Estimated cost allocation base

Machining department

= $740,000/14,800

= $50 per MH

Fishing department

= $360,000/18,000

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3 0
3 years ago
Monte inherited 1,000 shares of Corporation Zero stock from his father who died on March 4, 2020. His father paid $44 per share
Marina86 [1]

Answer:

$6,000 LTCG

Explanation:

Calculation to determine the amount and character of the gain or loss that Monte recognizes

Using this formula

Recognized gain or loss =Amount realized -Basis

Let plug in the formula

Recognized gain or loss=(1,000 Shares*$54 per share)-(1,000shares*$48 per share)

Recognized gain or loss=$54,000-$48,000

Recognized gain or loss=$6,000 LTCG

Therefore the amount and character of the gain or loss that Monte recognizes is $6,000 LTCG reason been the any gain Amount on the sales of property that was inherited are often tend to be LTCG

6 0
3 years ago
Which of the following is true about the self-employed health insurance deduction? a. Medical insurance is allowed as a deductio
Luden [163]

Answer:

b. Long-term care insurance is allowed as a deduction, subject to a dollar limitation.

Explanation:

Long-term care insurance is designed to provide daily benefit to the holder when he is in need of assistance do some activities related to daily living such dressing, eating, bathing, and among others.

It is possible for self employed to qualify to deduct 100% of the premium paid for long-term care insurance subject to the maximum of 2020 age-based eligible premium amounts as provided below:

Age 40 and below = $430

Age 41 - 50 = $810

Age 51-60 = $1630

Age 61-70 = $4350  

Age 71 and over = $5430

3 0
4 years ago
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