Answer and Explanation:
The computation of the account payable balance is given below:
Account Payable balance on month end is
= 13,000 + 400 + 7500 + 200 - 7500 - 12000
= $1,600
Hence, the account payable balance is $1,600
The same is to be reflected on the debit side of account payable T account
The same is to be considered
Answer:
B) issue a complaint stating that the business is in violation of the law.
Explanation:
The Robinson-Patman Act prohibits seller from practicing price discrimination, that means that they sell their products to different buyers at different prices. This law applies only to the sale of goods, and the goods sold to the different buyers must be similar and the buyers must also be in similar conditions. E.g. it is not illegal to sell at different prices if one buyer is located next to the factory while the other is located 3,000 miles away, in this case the cost of transportation accounts for the difference in price.
Also, price discrimination must result in injury to the buyer, which means that there business is being harmed because their direct competitors receive the product at a lower price. E.g. if a seller charges Walmart a lower price than it charges Target, Target will be forced to sell at a higher price which may result in lower sales.
Finally, since this is a federal law, it generally applies to interstate commerce. Domestic commerce is covered by state laws and state entities.
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Answer:
For detailed tables of balance sheet refer to the attached files
Explanation:
