Answer:
B. State regulation of labour practises violated firms property right.
Explanation:
Lochner vs. New York was an important labour law case. In this case the Supreme Court ruled that the New York law that set ten hour limit on the working hours of bakers was unconstitutional.
Five judges rules in the favour while four were dissented. The decision was written by Justice Rufus Peckham, he declared the act to be unconstitutional and ordered conviction of Lochner to be reversed.
The court considered the New York law to be violating fourteenth amendment. Lochner was owner of a bakery. He was charged with vilolating the Bakeshop Act in 1899 as he compelled them to work for more than sixty hours per week. He had to fine 25 dollars for this. He was again convicted in 1901 but challenged his conviction in supreme court
Answer:
Global competitors are interested in establishing a presence.
Explanation:
A greenfield venture may be too slow to establish a sizable presence when global competitors are interested in establishing a presence.
As a global brand they would have gained more market experience and penetration, thus making greenfield a weaker competitor.
Answer:That relationship suggests that money is a normal good: as income increases, people demand more money at each interest rate, and as income falls, they demand less.
Explanation:
Answer:
Sales revenue for $500
Explanation:
The journal entry is shown below:
Account receivable Dr $490
Credit card expense Dr $10
To Sales revenue $500
(Being the sale transaction is recorded)
The account receivable is computed below:
= Sales revenue - sales revenue × fee percentage given
= $500 - $500 × 2%
= $500 - $10
= $490
And, the credit card expense is
= Sales revenue × fee percentage given
= $500 × 2%
= $10
Answer:
The answer is C.
Explanation:
In financial market, it is the money that customers save that is available for loans. So customers supply money for loan into the financial market, and the demand for this money makes loan.
The financial markets help to save money for the future and to borrow money for current use.