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3 years ago

The Sherman Antitrust Act (1890)

1 answer:

4 0

The Sherman Antitrust Act of 1890 was the first measure passed by the U.S. Congress to prohibit trusts. It was named for Senator John Sherman of Ohio, who was a chairman of the Senate finance committee and the Secretary of the Treasury under President Hayes. Several states had passed similar laws, but they were limited to intrastate businesses. The Sherman Antitrust Act was based on the constitutional power of Congress to regulate interstate commerce.

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Prepare the issuer's journal entry for each of the following separate transactions. On March 1, Atlantic Co. issues 44,500 share

steposvetlana [31]

Answer and Explanation:

The journal entries are shown below;

On March 1

Cash A/c $303,500

To Common Stock $3 Par value (44,500 × $3) $133,500

To Paid in capital in excess of par value $170,000

(Being the common stock issued is recorded)

On April 1

Cash $74,000

To Common Stock, no par value $74,000

(Being the common stock issued is recorded)

On April 6

Inventory $43,000

Machinery $155,000

To Common Stock (2,400 ×$20) $48,000

To Notes payable $93,000

To Paid in capital in excess of par value $57,000

(Being the shares are issued)

3 0

3 years ago

Project 1 requires an original investment of $125,000. The project will yield cash flows of $50,000 per year for 10 years. Proje

mario62 [17]

Answer: $126,613

Explanation:

Net Present value of Project A is:

= Present value of $50,000 annuity + Present value of residual value - Initial investment

Present value of $50,000 annuity:

= 50,000 * ( 1 - ( 1 + rate)^-number of periods) / rate

= 50,000 * ( 1 - ( 1 + 12%) ⁻⁸) / 12%

= $248,382

Present value of residual value:

= 8,000 / ( 1 + 12%)⁸

= $3,231

Net present value

= 248,382 + 3,231 - 125,000

= $126,613

6 0

3 years ago

Assume that the Charleston Inc. uses the indirect method to depict cash flows. Indicate where, if at all, an inventory increase

Marianna [84]

Answer:

Operating activities

Explanation:

Basically there are three types of activities:

1. Operating activities: It includes those transactions which affect the working capital, and it records transactions of cash receipts and cash payments.

2. Investing activities: It records those activities which include purchase and sale of the fixed assets

3. Financing activities: It records those activities which affect the long term liability and shareholder equity balance.

So, it would be classified in the operating section of the cash flow statement

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3 years ago

Waterway Industries reported the following information for 2016: October November December Budgeted sales $950000 $890000 $11000

MakcuM [25]

Answer:

At November 30, 2016, budgeted Accounts Receivable is $445,000

Explanation:

In October, Sales: $950,000

Customer amounts on account are collected: 50% x $950,000= $475,000

At 31 October, Accounts Receivable = 50% x $950,000= $475,000

In November, Sales: $890,000

Customer amounts on account are collected = $475,000 + 50% x $890,000 = $920,000

At November 30, 2016 budgeted Accounts Receivable = 50% x $890,000 = $445,000

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3 years ago

An emerging market is?

aivan3 [116]

Answer:

a market located in an economy with low to middle per capita income.

<h3>PLEASE MARK ME BRAINLIEST.</h3>

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3 years ago