Answer: D. the untrue statements were not material
Explanation: In the registration statement Space Trips inc filed to SEC before public offering , the registration was containing false and immaterial statement of which the public are not aware of . So it best defense will be " the untrue statements were not material", since Space Trips inc have been charge with violating the Securities Act of 1933.
Answer:
The ending balance of Allowance for Bad Debts account is $800
Explanation:
The computation of the ending balance of allowance for bad debt is shown below:
= Credit sales × uncollectible rate
= $40,000 × 2%
= $800
The estimated amount would be considered as an allowance for bad debts i.e $800, So no other amount would be come while computing the ending balance of Allowance for Bad Debts account.
However, the other information which is given in the question is not relevant. Hence, ignored it
Answer:
Net realizable value less a normal profit margin.
Explanation:
Lower of cost or market rule of inventory states that cost of inventory recorded must be that at which cost is lower, and the original cost is the current market price.
This occurs when the inventory has become obsolete, market price has declined, or inventory has deteriorated
Net realisable value is defined as selling price minus estimated cost of completion.
So the market value should not be less than net realizable value less a normal profit margin.
Answer:
c. $65.
Explanation:
The computation of the per hour opportunity cost is as follows:
= Per hour revenue - per hour variable cost
= $140 - $75
= $65
The fixed cost would not be considered as it is a sunk cost
Therefore the per hour opportunity cost is $65
We simply applied the above formula so that the correct value could come
And, the same is to be considered
Answer:
The correct answer is the following: "was used by the federal government against labor unions and was indifferently enforced and weakened by the Courts".
Explanation:
The Sherman Antitrust Act, published on July 2, 1890, was the first measure of the US federal government to limit monopolies. The act declared the trust illegal, considering them restrictive for international trade. It was created by US Ohio Senator John Sherman, and approved by President Benjamin Harrison.
This law prohibits certain business activities that the federal government declares as acts of anti-competition and requires investigation to pursue large companies with power in the market.
It aims to prevent the artificial increase in prices by restricting the exchange or the material. The innocent monopoly is perfectly legal but acts by a monopolist to artificially preserve that status or vile contracts to create a monopoly, they are not. The purpose of the Sherman Act is not to protect competitors from damage by legitimacy.
