Here is the correct answer of the given question above. The early efforts that were made to control the new corporate industrial giants, and how effective these efforts were is the Anti-Trust Sherman Act. This kept big businesses from grouping together and acquiring a monopoly in whatever they are doing. Hope this answer helps.
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Answer:
- Credit (decrease) cash account (112): $12,207
- Debit (decrease) loan account (341): $12,000
- Debit (increase) interest expenses (635): $207
Explanation:
The interest occurred = $12000*7%/365*90=$207
The note to be paid = $12,000
Total paid out: $12,207
If Uniform Supply use cash to pay off the note then the entries include:
- Credit (decrease) cash (112): $12,207
- Debit (decrease) loan account (341): $12,000
- Debit (increase) interest expenses (635): $207
The right thing to do when a conflict of interest arises among business partners is to find a compromise.
<h3>What is a Conflict of Interest? </h3>
This refers to the situation where an individual's personal interests are in conflict with his judgments and actions in a workspace.
Hence, we can see that although your question is incomplete, I can infer that there is a conflict of interest among business partners and it would help to retain the autonomy of the partners if a compromise is reached.
Read more about conflict of interest here:
brainly.com/question/21648646
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