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svetoff [14.1K]
4 years ago
14

What did congress do to protect consumers from monopolies, false advertising, and dishonest labeling? it established the america

n federation of labor. it created the federal reserve board. it established a graduated income tax. it created the federal trade commission?
Business
2 answers:
alexandr1967 [171]4 years ago
4 0
<span>In order to protect consumers from unfair business practices such as false advertising, dishonest labeling and monopolies, the federal government created the Federal Trade Commission to establish and enforce regulations protecting consumers from unfair and dishonest sales practices.</span>
Romashka [77]4 years ago
3 0

Congress created the federal trade commission. In 1914 congress created federal trade which to this day it monitors business practices and guards against monopolies, false advertising, and dishonest labeling.

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On August 8th the​ three-month risk-free rate of interest in the United States was 3.75 percent and it was 3.00 percent in Japan
weeeeeb [17]

Answer:

The answer is 0.01082

Explanation:

The formula for forward exchange rate is:

F = S x 1+rd/1+rf

where F is the forward exchange rate

S is the spot exchange rate(0.010798)

rd is the foreign currency interest rate(3% or 0.03)

rf is the domestic interest rate(3.75% or 0.0375

Month is 3 months(90days) and total number of days in a year is 360days.

Find find the attached file for calculation

6 0
3 years ago
Breakin Away Company has three employees-a consultant, a computer programmer, and an administrator. The following payroll inform
Travka [436]

Answer:

Gross pay:

  • consultant $2,310
  • computer programmer $2,100
  • administrator $2,760

Net pay:

  • consultant $1,694.73
  • computer programmer $1,539.68
  • administrator $1,945.78

Explanation:

                                           regular earnings     overtime    withholding  

                                                                                               allowances

Consultant                          $2,310 per week       N/A                3

Computer programmer          $30 per hour        1.5                  2

Administrator                          $46 per hour          2                   1

computer programmer worked 60 hours = ($30 x 40) + ($30 x 20 x 1.5) = $2,100

administrator worked 50 hours = ($46 x 40) + ($46 x 10 x 2) = $2,760

Social security taxes:

  • Consultant = 6% x $2,310 = $138.60                        
  • Computer programmer = 6% x $2,100 = $126        
  • Administrator = 6% x $2,760 = $165.60

Medicare taxes:

  • Consultant = 1.5% x $2,310 = $34.65                        
  • Computer programmer = 1.5% x $2,100 = $31.5        
  • Administrator = 1.5% x $2,760 = $41.40

Federal income taxes:

  • Consultant: amount subject to withholding = $2,310 - (3 x $70) = $2,100. Federal income taxes = $356.90 + [28% x ($2,100 - $1,796) = $442.02                        
  • Computer programmer = amount subject to withholding = $2,100 - (2 x $70) = $1,960. Federal income taxes = $356.90 + [28% x ($1,960 - $1,796) = $402.82            
  • Administrator = amount subject to withholding = $2,760 - $70 = $2,690. Federal income taxes = $356.90 + [28% x ($2,690 - $1,796) = $607.22  

Gross pay:

  • consultant $2,310
  • computer programmer $2,100
  • administrator $2,760

Net pay:

  • consultant $2,310 - ($138.60 + $34.65 + $442.02) = $1,694.73
  • computer programmer $2,100 - ($126 + $31.50 + $402.82) = $1,539.68
  • administrator $2,760 - ($165.60 + $41.40 + $607.22) = $1,945.78
8 0
3 years ago
Wilson, Bart, and Susan Fields decide to set up a corporation together called Fields, Inc. They follow the correct procedures fo
LUCKY_DIMON [66]

Answer:c. pierce the corporate veil due to the failure to hold required corporation meetings.

Explanation:Corporation is a form of business operation that declares the business as a separate, legal entity guided by a group of officers known as the board of directors. A corporate structure is perhaps the most advantageous way to start a business because the corporation exists as a separate entity.

8 0
3 years ago
The 10% bonds payable of Yano Company had a net carrying amount of $950,000 on December 31, 2020. The bonds, which had a face va
soldi70 [24.7K]

Answer: 63,000

Explanation: First, take the carrying value of the bonds at the market interest rate (bond interest expense) and subtract bond interest paid to find the amortized amount: carrying amount is $950,000 with an effective interest rate of 12%.

However, interest is paid semiannually, so all interest rates should be adjusted for semiannual payments: the bond interest expense is $950,000 X 12% x 1/2 = $57,000.

The bond interest paid is the face value x stated interest rate x time period or ($1,000,000 x 10% x 1/2) or $50,000.

The amortized amount is $7,000 ($57,000 – $50,000). The new carrying amount is then $950,000 + $7,000 = $957,000.

Then find the repurchase price $1,000,000 X 1.02 = $1,020,000.

Finally, subtract the purchase price from the carrying amount: $1,020,000 - $957,000 = $63,000 loss on retirement of bonds.

5 0
2 years ago
On March​ 18, James Smith purchased $7,000.00 of furniture from Home Furnishings on account. The cost of the goods was $4,200.00
Tema [17]

Answer:

B.

Refunds Payable 1,000

Accounts Receivable 1,000

Explanation:

Refunds payable is an account on the income statement that is called as a contra revenue account, that is, it movement is in contrary to the direction as revenue. Account is used by businesses when customers return merchandise or goods due to a defective product or any other reason.

Account receivable. This is an account on the balance sheet. The account shows the number of sales the business has been doing base on credit, as opposed to cash sales.

4 0
3 years ago
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