When a state acts in its sovereign capacity, it is immune from federal antitrust scrutiny.
<h3><u>
What is Federal Antitrust Law?</u></h3>
- Antitrust laws, also known as competition laws, are regulations created by the American government to defend consumers from unfair commercial practices.
- In an open-market economy, they make sure there is fair competition.
- Along with the market, these rules have developed, vigilantly preventing potential monopolies and interference with the healthy flow of competition.
- Market allocation, bid rigging, price fixing, and monopolies are just a few of the commercial practices that are subject to antitrust legislation. We look at the behaviors that these laws forbid below.
- Without these restrictions, customers would not benefit from a variety of options or market competition.
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Answer:
Which of the following statements is false?
a. Actual overhead costs always enter the Work-in-Process account.
Explanation:
a. Actual overhead costs always enter the Work-in-Process account.
A normal job-order costing system is a system that uses: Actual costs for direct materials and direct labor and estimated costs for overhead. Actual overhead costs are not assigned directly to jobs
b. The use of normal costing means that overhead is applied to each job using a predetermined rate.
The cost of a job includes direct materials, direct labor, and applied overhead. The use of normal costing means that overhead is applied to each job using a predetermined rate.
c. Indirect labor is assigned as a part of overhead.
Since direct materials and direct labor are usually considered to be the only costs that directly apply to a unit of production, manufacturing overhead is (by default) all of the indirect costs of a factory. Manufacturing overhead does not include any of the selling or administrative functions of a business
Answer and Explanation:
The computation of receivables turnover ratio and average collection period for Sun Health and Select Medical is shown below:-
For Sun health
Accounts Receivables Turnover Ratio = Net Sales ÷ Average Accounts Receivables
= Net Sales ÷ ((Accounts Receivables at the beginning + Accounts Receivables at the end) ÷ 2)
= $3,630 ÷ (($300 + $287) ÷ 2)
= $3,630 ÷ 293.5
= 12.4 times
Average Collection Period = Number of days in a year ÷ Accounts Receivables Turnover Ratio
= 365 ÷ 12.37 times
= 29.5 days
For Sun medical
Accounts Receivables Turnover Ratio = Net Sales ÷ Average Accounts Receivables
= Net Sales ÷ ((Accounts Receivables at the beginning + Accounts Receivables at the end) ÷ 2)
= $3,940 ÷ (($499 + $438) ÷ 2)
= $3,940 ÷ 468.5
= 8.4 times
Average Collection Period = Number of days in a year ÷ Accounts Receivables Turnover Ratio
= 365 ÷ 8.41 times
= 43.4 days
Answer:
d) Put the hottest hot sauce in a container with a fire-breathing dragon on the lid
Explanation:
This is a good Mistake-Proof process for the hottest sauce because, the fire-breathing dragon helps to crate the image of the content of the container being very hot. <em>At the same time, the children will like the dragon drawing thereby creating a fun atmosphere for them while eating.</em>
Answer:
-$32,200 favorable
Explanation:
budgeted machine hours per lamp = 0.4
standard overhead rate = $1.80 per machine hour
total output = 23,000 units
total machine hours = 161,000
actual overhead = $257,600
Overhead rate variance = (actual variable overhead rate - standard overhead rate) x actual hours worked
- actual variable overhead rate = $257,600 / 161,000 machine hours = $1.60 per machine hour
- standard overhead rate = $1.80
- actual machine hours = 161,000 hours
Overhead rate variance = ($1.60 - $1.80) x 161,000 machine hours = -$32,200 favorable