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STatiana [176]
4 years ago
11

Hines Cosmetic Co. sold beauty preparations nationally to beauty shops at a standard or fixed- price schedule. Some of the shops

were also supplied with a free demonstrator and free advertising materials. The shops that were not supplied with them claimed that giving the free services and materials constituted unlawful price discrimination. Hines replied that there was no price discrimination because it charged everyone the same. What it was giving free was merely a promotional campaign that was not intended to discriminate against those who were not given anything free. Was Hines guilty of unlawful price discrimination? Explain.
Business
1 answer:
ZanzabumX [31]4 years ago
3 0

Answer:

No, Hines is not guilty of unlawful price descrimination

Explanation:

Hines actions has not meet the criteria for price discrimination which include giving different prices based on gender, race or religion and never prevented the resale of product and the product package for sale never indicated the inclusion of free demonstrator and free advertising material.

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Danielle Corporation received $2,000,000 from investors and issued them shares of its stock. Danielle's journal entry to record
rjkz [21]

Danielle's journal entry to record this transaction would include a:credit to common stock.

<h3 /><h3>What is Journal entry?</h3>

Journal entry is simply the book of original entry.

Assuming the company received the amount of  $2,000,000 from investors and issued them shares of its stock the appropriate  journal entry to record this transaction would include a credit to common stock,

<h3>Journal entry</h3>

Debit Cash $2,000,000

Credit Common stock $2,000,000

Inconclusion Danielle's journal entry to record this transaction would include a:credit to common stock.

<h3 />

Learn more about journal entry here:brainly.com/question/14279491

4 0
3 years ago
The Woods Co. and the Spieth Co. have both announced IPOs at $49 per share. One of these is undervalued by $14, and the other is
ehidna [41]

Answer:

The profit that would result from both shares is $13,500

Explanation:

Loss would emanate from overvaluation while profit would result from undervaluation,that is the key to solving the question.

Loss from overvaluation=1,500*$5=$7,500

Profit from undervaluation=1,500*$14=$21,000

Profit from the investment =Profit from undervaluation-loss from overvaluation=$21,000-$7,500=$13,500

8 0
3 years ago
Knoll Company started Year 2 with a $500 balance in its Cash account, a $500 balance in its Supplies account and a $1,000 balanc
Law Incorporation [45]

Answer:Please refer to the explanation section

Explanation:

The questions is incomplete, the events that were experienced by the company during the two year are missing in the question. we will assume these events took place in order to illustrate through journal entries how transactions and events  affect the account balances mentioned in the question.

1. Knoll Company issued 100 shares at a price of $5 per share.

2. Knoll Company purchased supplies costing $250  cash

3 Knoll Company Purchased inventory costing $ 600 cash

journal entries

Dr Bank   500

Cr       Shareholders equity 500

Dr Supplies  250

Cr        Bank      250

Dr Inventory 300

Cr         Bank      300

Balances at the end of year 2

Cash Account = 500 + 500 - 250 - 300 = $450

Supplies  = 500 + 250 = $750

Equity = 1000 + 500 = $1500

5 0
3 years ago
Distributing Cash Dividends to Preferred and Common Shareholders Dechow Company has outstanding 20,000 shares of $50 par value,
Anna11 [10]

Answer:

Preferred Stock = $60,000 and $3.00

Common Stock = $100,000 and $1.25

Explanation:

Dividends

Preferred Stock has preference when it comes to dividends payments. The remaining dividends are then paid to Common Stockholders.

Preferred Stock dividend = 20,000 x $50 x 6% = $60,000

Common Stock dividend = $160,000 - $60,000 = $100,000

Dividends per share

Preferred Stock dividend =  $60,000 ÷ 20,000 shares = $3.00

Common Stock dividend =  $100,000 ÷ 80,000 shares = $1.25

8 0
3 years ago
Some people believe that all good leadership is spiritual in nature. others think spiritual values have no place at work. discus
iris [78.8K]

Spiritual leadership is influencing self and others through the desired behavior, attitudes, values, etc. In this leadership, the leaders communicate with the employees about the purpose of the work and shared a vision. The culture developed by the spiritual

leadership helps to eliminate the destructive emotions at work. This type of leadership is mainly useful in developing an ethical and sustained culture and also to boost the motivation levels of the employees. There are discussions over this leadership and whether it has any value in the context of the organization.

The following points describe how spiritual characteristics create value at work:

• There is a need for the organizations to stay committed to their goals and culture. Spiritual leadership helps in maintaining integrity at work

• It is the responsibility of the leaders to influence the people and drive their efforts towards the goals

• When the leaders motivate and inspire the people to enhance their potential, there would be trust among the leaders and employees.

The leaders can develop clarity on the vision and goals and also help to implement the actions which can accomplish the tasks in an effective way

• Leaders must be determined and able to take risks. Spiritual leadership will help in the development of courage to take risks and handle situations

In fact passion, support, care, and love for one's subordinates are a better representation of a spiritual leader. Even though sometimes spiritual characteristics are excluded from some processes, they will have their presence at the core of the organization's functions.

Learn more about leadership here: brainly.com/question/1232764

#SPJ4

3 0
2 years ago
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