To develop a network of dealers, Hummer vehicles are sold only at one dealership per city. Other dealers want the vehicles to sell, but are refused. The existing dealers earn high profit margins due to the lack of local competition. Under antitrust law, this arrangement is likely to be found:
a. legal because producers are free to sell their products any way they wish
b. legal because this will let Hummer, which has a small market share, become a better competitor
c. illegal because producers must make their products available at the same price to whoever wants to buy d. illegal because producers may not exploit profit margins
e. illegal as a boycott of willing dealers
b
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Indicate whether the statement is true or false
Silken Corp reported net income of $420,000 for 2014 . Changes occurred in several balance sheet accounts as follows: Equipment ................................. $35,000 increase Accumulated depreciation .................. 56,000 increase Note payable .............................. 42,000 increase Additional information: · During 2014, Silken sold equipment costing $35,000, with accumulated
depreciation of $16,800, for a gain of $7,000. · In December 2014, Silken purchased equipment costing $70,000 with $28,000 cash and a 12% note payable of $42,000. · Depreciation expense for the year was $72,800. In Silken's 2014 statement of cash flows, net cash used in investing activities should be a. $30,800. b. $16,800. c. $2,800. d. $49,000.
Answer the following statement(s) true (T) or false (F)
1. The employee’s name is an example of an object. 2. MS Access would be appropriate for an organization that had a small database and limited knowledge of database programming. 3. The advent of the Internet and a standardized communication protocol have contributed to easier database programming. 4. The database design process begins with determining what the users want.
A life insurance company based in Canada was licensed to operate in Massachusetts. When operating in Massachusetts, the Canadian insurer would be considered a(n)
A) domestic insurer. B) captive insurer. C) foreign insurer. D) alien insurer.