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NISA [10]
3 years ago
11

What is the stated cause of action in the 2005 complaint filed by the U.S. Justice Department against the Zeon Chemical company

for antitrust violations
Business
1 answer:
Svetradugi [14.3K]3 years ago
4 0

Answer:

Zeon was charged with violating Section 1 of the Sherman Act, which states that, "Every contract, combination in the form of trust or otherwise, or conspiracy, in restraint of trade or commerce among the several States, or with foreign nations, is declared to be illegal".

The Department charged that Zeon and unnamed co-conspirators carried out the conspiracy by:

  • Participating in conversations and meetings to discuss prices of NBR to be sold in the United States and elsewhere;
  • Agreeing, during those conversations and meetings, to raise and maintain prices of NBR to be sold in the United States and elsewhere; and
  • Issuing price announcements and price quotations in accordance with the agreements reached.

The offence carries a maximum fine of $10 million for corporations and a maximum penalty of three years imprisonment and a fine of $350,000 for individuals for violations occurring before June 22, 2004. The maximum statutory fine may be increased to twice the gain the conspirators derived from the crime or twice the loss suffered by the victims of the crime, if either of those amounts is greater than the statutory maximum fine.

Explanation:

A cause of action is a legal term which connotes a series of facts that are enough to warrant a legal action against a defendant. It begins with the major premise which is a statement of the law violated, followed by supporting  facts to justify the claim and then the consequences of such an action. In the 2005 complaint filed against Zeon Chemical company by the United States Justice Department, the said company was believed to be perpetrating price-fixing which is a violation of the antitrust laws, in this case, the Sherman antitrust laws.

The company was found to be fixing prices of synthetic rubber with some accomplices. They agreed to increase the price of this commodity and leave it at that level. This is an attempt to monopolize the market and limit competitors. This act is illegal. They pleaded guilty to the act and paid a fine of $10.5 million dollars.

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if barbara falcon invests $16,751.84 now and she will receive $30,000 at the end of 10 years, what annual rate of interest will
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9% of annual rate of interest will she be earning on her investment .The price of borrowing money is reflected in the interest rate on a credit card.

<h3>What is annual  rate interest ?</h3>

The price of borrowing money is reflected in the interest rate on a credit card. We utilize the annual percentage rate for this (APR). On the majority of credit cards, you can avoid paying interest on purchases if you pay your balance in full each month by the due date.

The term annual percentage rate of charge refers to the interest rate for an entire year rather than just a monthly fee or rate as applied on a loan, mortgage loan, credit card, etc. It can also be referred to as a nominal APR or an effective APR. It is an annual rate of a finance charge.

To learn more about annual rate of interest refer to:

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4 0
1 year ago
Within the labor movement, the demise of the Knights of Labor led to a shift away from the broadly reformist past to more limite
natita [175]

The given statement is TRUE.

Explanation:

The statements that describe the AFL :

Rather than facing business leaders head on, the AFL has committed itself to seeking fair working practices and higher wages for employers.

In the vocabulary of the corporate community of that period, the latest AFL policies were labeled "financial unionism."

6 0
3 years ago
Genesis Scents has two divisions: the Cologne Division and the Bottle Division. The Bottle Division produces containers that can
vova2212 [387]

Answer: $4

Explanation:

The Bottle division is said to be able to meet all excess demand outside as well as that of the Cologne Division.

When this is the case in a company, individual divisions are allowed to transfer to each other at a rate equal to their Variable Costs. This is the general rule.

The Variable Costs for the containers is $4 so that is the transfer price as well.

6 0
3 years ago
Economic cost of production differ from accounting costs in that A. accounting cost includes expenditures for hired resources wh
timama [110]

Answer:

D. economic cost adds the opportunity cost of a firm using its own resources while accounting cost does not.

Explanation:

Accounting cost is equal to total explicit Cost. It is the actual cost expended in carrying out a project.

Economic cost is explicit cost plus opportunity cost.

Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.

Economic cost is usually larger than accounting cost.

I hope my answer helps you

5 0
3 years ago
Marco Company shows the following costs for three jobs worked on in April.
jeyben [28]

The determination of the amount of the overhead applied to each job in April based on the predetermined overhead rate of 50% of direct labor cost for Marco Company is as follows:

                                              Job 306      Job 307       Job 308

Overhead applied in April $52,000       $77,500       $51,500

<h3>What is overhead allocation?</h3>

Overhead allocation is the process of assigning overhead costs to jobs or units of products.

Some companies use the predetermined overhead rate, which is a companywide (departmental) rate while others use the ABC overhead rates, which are based on the activity levels.

<h3>Data and Calculations:</h3>

Overhead allocation = 50% of direct labor cost

                                              Job 306      Job 307       Job 308

Direct labor used                $104,000     $155,000     $103,000

Overhead applied in April $52,000       $77,500      $51,500 ($103,000 x 50%)

Learn more about overhead allocation at brainly.com/question/26454135

4 0
2 years ago
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