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serg [7]
3 years ago
8

The most famous restrictive practices case of the last several decades involved a series of lawsuits by:

Business
1 answer:
Anastaziya [24]3 years ago
8 0

Answer: some of microsofts competitors

Explanation:

The antitrust laws is a law that is intent is to prevent companies from playing dirty to make and boost their profits. In recent years, the most famous restrictive practices case of the last several decades involved a series of lawsuits by some of microsofts competitors.

The antitrust laws ensures that a compan is not the only one that control the market, and also does not inflate prices. In 1998, Microsoft was accused that the company wanted dot create a monopoly by giving its browser software for free and was sued.

Also recently, few days before the introduction of Windows Vista by Microsoft to European consumers, there was a group of competitors that said that the European antitrust law was violated by the Windows Vista because it will lead to the decrease in demand for their own applications that are less popular. Some of the competitors involvee in this were International Business Machines Corp., Adobe Inc., RealNetworks Inc., Nokia Corp., and Sun Microsystems, Inc.

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The cash account for American Medical Co. at April 30 indicated a balance of $334,985. The bank statement indicated a balance of
Bas_tet [7]

Answer:

1. Cash balance according to bank statement $370,000

Cash balance according to company’s records $370,000

2. a. April 30

Dr Cash $42,000

Cr Notes Receivable $40,000

Cr Interest Income / Interest Revenue $2,000

b. April 30

Dr Accounts Payable - Targhee Supply Co $6,840

Dr Miscellaneous Expenses [Bank service charge] $145

Cr Cash $6,985

3. $370,000

Explanation:

1. Preparation of a bank reconciliation

AMERICAN MEDICAL COMPANY

Bank Reconciliation

April 30

Cash balance according to bank statement $388,600

Add: Deposit of April 30, Not recorded by bank $42,500

Add: Bank Error in Charging check as $420 instead of $240 [$420 - $240] $180

Deduct: Outstanding Checks $61,280

Adjusted balance $370,000

Cash balance according to company’s records $334,985

Add: Note and Interest Collected by bank $42,000

Deduct: Error in Recording Check [$7,600 - $760] $6,840

Deduct: Bank Service Charges $145

Adjusted balance $370,000

2. Preparation of Journal entries.

Journal entries

a. April 30

Dr Cash $42,000

Cr Notes Receivable $40,000

Cr Interest Income / Interest Revenue $2,000

b. April 30

Dr Accounts Payable - Targhee Supply Co [$7,600 - $760] $6,840

Dr Miscellaneous Expenses [Bank service charge] $145

Cr Cash $6,985

($6,840+$145)

3. Based on the information given If a balance sheet is prepared for American Medical Co. on April 30, the amount that should be reported as cash will be $370,000

8 0
2 years ago
How many ink cartridges can you buy with 165 dollars if one cartridge costs 11 dollars
laiz [17]

Answer:

15

Explanation:

165 divided by 11 is 15. For any number over 10 that you divide by 11, you can ignore the middle number and take the digit in the hundreds place and the digit in the ones place.

7 0
3 years ago
Okay this is starting to get annoying. I ask an actual question and I just have bots reply with a link to a virus download and t
Yuri [45]
It’s definitely is a huge problem. I would suggest just ignoring them and reporting them.
4 0
2 years ago
Read 2 more answers
A(n) _________ is a yearly published statement of the financial condition, progress and expectations of an organization.
Anika [276]

Answer: Annual Report

Explanation:

Completing the question with right answer:

An annual report is a yearly published statement of the financial condition, progress and expectations of an organization.

The financial report is normally targeted at the stakeholders and other individuals who have interest in the organization.

4 0
3 years ago
Which of the following is true of manufacturing?
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D
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6 0
2 years ago
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