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Nonamiya [84]
3 years ago
8

The U.S. Lacey Act prohibits U.S. businesses from importing products from other countries when those products are illegal in tha

t country. For example, when it was originally passed, U.S. hat manufacturers were importing feathers from countries where the harvesting of those resources was illegal. Based on an investigation, the U.S. federal government believed that Gibson Guitar has imported ebony wood from Madagascar, and the harvesting of ebony wood is prohibited in Madagascar.
Business
1 answer:
dolphi86 [110]3 years ago
3 0

Answer:

The correct answer is "Required to allow entry or can demand a search warrant and then must allow entry".

Explanation:

I had to look for the problem to know what is being asked and what the options are.

"The U.S. Fish & Wildlife Service arrived at Gibson Guitar headquarters and requested access to all of its records.

​Under federal law, Gibson is:"

Gibson can rely on federal law and apply for a search warrant from U.S. Fish and Wildlife Service officials so they can legally enter and inspect their facilities and records. The other option you have is to allow the officers to enter and hand over all permits and records in your domain.

Have a nice day!

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For a business, profit can be defined as
liq [111]

Answer:

C

Explanation:

The total revenues from buyers and stock holders.

3 0
4 years ago
Sampson Co. sold merchandise to Batson Co. on account, $46,000, terms 2/15, net 45. The cost of the merchandise sold is $38,500.
Wewaii [24]

Answer:

Sampson Company

Dr Accounts Receivable -Batson Co.45,080

Cr Sales 45,080

Dr Cost of Merchandise Sold38,500

Cr Merchandise Inventory38,500

Dr Cash 45,080

Cr Accounts Receivable-Batson Co.45,080

Batson Company

Dr Merchandise Inventory45,080

Cr Accounts Payable - Sampson Co.45,080

Dr Accounts Payable -Sampson Co.45,080

Cr Cash45,080

Explanation:

Preparation of the Journal entries for both Sampson and Batson Companies would record

Based on the information given we were told that Sampson Company sold merchandise to Batson Company At the amount of $46,000 with 2/15 term while the merchandise was sold at the amount of $38,500 and since we are Assuming that both of them uses a perpetual inventory system this means the transaction will be recorded as:

Journal Entries for Sampson Company

Dr Accounts Receivable -Batson Co.45,080

Cr Sales 45,080

(2%*46,000=920)

(45,000-920=45,080)

Dr Cost of Merchandise Sold38,500

Cr Merchandise Inventory38,500

Dr Cash 45,080

Cr Accounts Receivable-Batson Co.45,080

Journal Entries for Batson Company

Dr Merchandise Inventory45,080

Cr Accounts Payable - Sampson Co.45,080

(2%*46,000=920)

(45,000-920=45,080)

Dr Accounts Payable -Sampson Co.45,080

Cr Cash45,080

(2%*46,000=920)

(45,000-920=45,080)

6 0
3 years ago
Bill's employer offers a new health insurance benefit that covers preventive and cosmetic dental services, including orthodontic
Artyom0805 [142]

The given statement is FALSE.

Explanation:

This is an example of adverse selection.

Adverse selection applies to a case in which the purchasers and distributors of the insurance policy don't have the same details at their fingertips. A typical definition of health insurance is where a person wants to learn if he is ill and in need of health coverage before paying for a health insurance package.

Examples of adverse selection in life insurance involve cases when a person with a high-risk career, such as a racing car driver or someone dealing with weapons, obtains a life insurance policy without the need for an insurance provider realizing that they have a risky position.

3 0
4 years ago
Stones Corporation uses a predetermined overhead rate based on machine-hours to apply overhead to the manufacturing process. Las
likoan [24]

Answer: $5 per machine hour

Explanation:

Given the following :

Estimated manufacturing overhead cost = $550,000

Expected machine-hour to be incurred = 110,000

Actual manufacturing overhead = $575,000

Actual machine hour incurred = 120,000

The manufacturing overhead application rate:

Expected manufacturing overhead cost / Expected machine hour to be incurred

= $550,000 / 110,000 machine hour

= $5 per machine hour

8 0
3 years ago
Which of the following sections of a business plan comes first but should be written last?
8090 [49]

Answer:

B. Executive Summary

Explanation:

Executive Summary is a business plan which comes first and should be written last

3 0
3 years ago
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