Answer:
The correct answer is: Yes, the bakeries violate the antitrust laws.
Explanation:
The U.S. Clayton Antitrust Act of 1914 is the legislation that regulates antitrust business practices that do not allow fair competition within a market. Three are the main unfair techniques forbidden by the Clayton Act: <em>anticompetitive mergers, tying arrangements, </em>and<em> exclusive agreements.</em>
In anticompetitive mergers firms offering similar products unite to settle the prices of the goods creating a form of monopoly. <em>Therefore the 50 bakeries of New York who gathered to raise the price of bread from $0.75 to $0.85 are breaking the Clayton Antitrust Act of 1914.</em>
Answer: b. Aggressive approach
Explanation:
The Aggressive approach refers to using short term finance to finance temporary working capital and some of permanent working capital.
When facing an upward sloping yield curve which means that interest rates are expected to.rise in future, it is better to use the current rates to bolster profit. By engaging in an Aggressive approach, the company can borrow now to fund their operations as the Aggressive approach involves using short term financing to cater for working capital. This will keep interest costs at a minimum because they will.not be calculated based on the impending increase in interest rates but rather on current short term rates.
Answer:
The correct answer is letter "A": One method requires writing off of uncollectible accounts and the other does not.
Explanation:
Both the allowance method and the direct write-off method are useful to adjust uncollectible accounts receivable on the Balance Sheet. The <em>allowance method of accountin</em>g records an estimate of bad debt expenses in a reserve account called the allowance account. Under this method, the net realizable value is reported on the balance sheet. Generally Accepted Accounting Principles rule the allowance method of accounting.
On the other hand, the <em>direct write-off method</em> charges an expense when there is enough reason to believe that an invoice will not be made.
Thus, <em>the least important difference between the two methods of accounting relies on the fact that there are no write-offs in the allowance method of accounting but there are on the direct write-off method.</em>
Financial loss. Say you don’t have insurance and your house burns down. You have no insurance to fix the damage.
Answer:
1. Cash will increase by $18,700 for the services to be rendered over the 12 months.
2. Cash will reduce by $64,000 for the legal service acquired.
3. No effect on cash as the transaction is on accounts.
4. Cash will decrease by $1,250 for the supplies purchased.
5. Cash will decrease by $6,000 for the dividends paid.
6. Cash will decrease by $20,000 due to operating expenses
7. no effect on cash
8. no effect on cash.
Explanation:
The business transactions recorded by Hart, Attorney at Law, These transactions have impact on the cash. The inflow and outflow of cash is recorded in the cash flow statement. Transaction no. 3, 7 and 8 will have no effects on cash balance of the company.
