Answer: a. subject to analysis under the rule of reason.
Explanation:
The Rule of Reason is used to interpret whether he Sherman Act which is an anti-trust law has been breached. This Rule was established so as not to unfairly close down all monopolies and Monopolies are not illegal, price fixing is.
If companies therefore come together as Fertile Acres Inc., Growers Farm Co-op, and Harvest Orchards have done, the Government under the Rule of Reason will check to see if the actions of these firms was done in order for them to go against free trade practices. If it was not then the agreement might be allowed to stand.
Answer:
$1,700
Explanation:
Given that,
Purchase of raw materials inventory = $1,000
Assignment of raw materials inventory to Job 5 = $500
Payroll for 20 hours with $1,000 assigned to Job 5
Factory utility bills = $750
Overhead applied at the rate = $10 per hour
Cost assigned to Job 5 at the end of the week:
= Raw materials inventory to Job 5 + Labor cost + Manufacturing Overhead applied
= $500 + $1,000 + ($10 per hour × 20 hours)
= $500 + $1,000 + $200
= $1,700
Answer:
207,000
Explanation:
Data provided
Sold units = 218,000
Ending inventory = 13,000
Opening units = 24,000
The computation of units during September is shown below:-
Number of units manufactured during the year = Sold units + Ending inventory - Opening units
= 218,000 + 13,000 - 24,000
= 231,000 - 24,000
= 207,000
Therefore for computing the number of units manufactured during the year we simply applied the above formula.
Answer: AGREE
Explanation:
A Monopoly faces no competition and are the only sellers of the product they sell. If firms in an industry successfully engage in collusion, the resultant effect will definitely be not unlike a Monopoly because they will set prices as a single firm, control output as a single firm and essentially run the market as a single firm.
They will sell at a rate where the Marginal Revenue curve will be below the demand curve. This will mean a higher price than a competitive market which was probably the main incentive for collusion.
A recent example would be the collusion between BMW, Daimler and Volkswagen, to hinder technological progress in improving the quality of vehicle emissions in order to reduce the cost of production and maximize profits. Thankfully this was busted by the European Commission in 2019.
Answer:
inventory turnover = $15.879
Explanation:
given data
Net Revenue = $27,500
Cost of sales = $19,690
Inventory = $1,240
Total assets = $17,990
assets invested = 8%
to find out
Baker's inventory turnover
solution
we will apply here formula for inventory turnover that is express as
inventory turnover = 
..........................1
put here value we get
inventory turnover = 
inventory turnover = $15.879
