1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
NISA [10]
2 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]2 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.

You might be interested in
Heartsong LLC is a designer and manufacturer of replacement heart valves based in Peoria, Illinois. While it is a relatively sma
zhannawk [14.2K]

Answer:

Explanation:

Competitive advantages are those factor that put a manufacturer in a better position over rivals in the market and gives her the benefit of higher pricing and brand loyalty.

In this scenario , the competitive advantage that Heartsong has in the industry is her world wide reputation as a provider of choice for high-quality leading -edge artificial heart valves.

However, she has fund limitation to enhance research and development , larger production and maintain additional inventory as demanded by the market . The sales on account pattern as vendors are not paid immediately and short lead time for ordering due to the nature of the heart valve was not helping the situation.

The outsourcing arrangement to Edfex will ease the stress on delivery as it has hightech warehouses in most major population centers around the country. The focus will now be on research and development and increased production capacity.

4 0
3 years ago
​Josiah, Inc. provides the following information for​ 2017:Net income​$350,000Market price per share of common stock​$50 per sha
AURORKA [14]

Answer:

Earnings per share for 2017 = $1.707

Explanation:

Earnings per share relates to the specific period, that how much on each individual share the earnings has been during the period.

Therefore, if there is change in number of equity shares average is taken, for that.

Equity on 1 Jan 2017 = 160,000 shares

Equity on 31 December 2017 = 250,000 shares

Average = \frac{160,000 + 250,000}{2} = 205,000

Earnings per share for 2017 = \frac{Net\ Income}{Average\ number\ of\ shares}

= \frac{350,000}{205,000} = 1.707

Earnings per share = $1.71 (Rounded off)

7 0
3 years ago
What is a secured loan
Anon25 [30]
" A secured loan is, a loan in which borrower pledges some asset as calateral for the loan, which them becomes a secured dept owned to the creditor who gives the loan."
8 0
3 years ago
Read 2 more answers
The Fortunato Corp.'s inventory at Dec 31, 2018, was $325,000 based on a physical count priced at cost, and before any necessary
AleksandrR [38]

Answer:

$405,000

Explanation:

The computation of the ending inventory reported is shown below:

Inventory on December 31,2018 $325,000

Add: Goods purchased from a vendor i.e shipping point $30,000

Add: Goods sold FOB destination to customer $38,000

Add: consignment by Brecht Inc $12,000

Ending inventory reported $405,000

In the above cases, the added items indicates the ownership is transferred to buyer , received by buyer and remains with the buyer

4 0
3 years ago
The high-low method calculates the total fixed cost as the: Group of answer choices
MaRussiya [10]

Answer:

c. difference between total variable costs and total costs at a particular activity level

Explanation:

The high low method consists of calculating costs on the basis of highest & lowest activity & comparing their corresponding total costs.

Variable cost per unit is found by : change in cost divided by the change in activity level for two points

Variable Cost per unit = <u>Highest activity cost - Lowest activity cost </u>

                                      Highest activity units - lowest activity units

Fixed Cost is thereafter calculated by subtracting Total Variable Costs from Total Cost

Fixed Cost = Highest Activity Total Cost - [ (Variable cost per unit) x (highest activity units)

Fixed Cost = Lowest Activity Cost - [ (Variable cost per unit) x (lowest activity units)]

4 0
3 years ago
Other questions:
  • The Duffy Design Group demonstrated the effectiveness of graphic design in its label for ________ , which helped increase sales
    8·1 answer
  • An organization that does not monitor feedback from its environment and make appropriate adjustments will fail due to
    14·1 answer
  • what is a process of interaction and integration among people, businesses, and governments of different cultures?
    13·1 answer
  • What is urban economics
    14·1 answer
  • The major consideration of whether something can serve as money is that it must be
    11·1 answer
  • If it is known that the income elasticity of demand for the same good is 2.5, estimate the percentage change in demand if consum
    5·1 answer
  • Among the members of the Federal Open Market Committee is the Chair of the Senate Banking Committee. are the seven members of th
    11·1 answer
  • Suppose that you are a U.S. producer of a commodity good competing with foreign producers. Your inputs of production are priced
    11·1 answer
  • Can someone please help me answer these questions?
    11·1 answer
  • In the current year, Pringle Company reported Sales of $ 1,420,000 , Interest Expense of $ 12,000 , Income Tax Expense of $ 13,0
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!