If Penn Hills Mfg. Corp. gives the Johnstown Distributing Co. the exclusive right to distribute Penn Hills' products in Ohio, with the understanding that Johnstown can't sell Penn Hills' products outside Ohio or to other wholesalers in Ohio, the arrangement
A. might or might not be considered legal. The courts would weigh the possible good effects of this vertical arrangement against possible restrictions on competition.
B. would be legal, because the courts have ruled that all vertical arrangements between producers and intermediaries are legal.
C. would be legal, because the courts have ruled that all horizontal arrangements between competitors are legal.
D. would be illegal, because the courts have ruled that all horizontal arrangements between competitors are illegal.
E. would be illegal, because the courts have ruled that all vertical arrangements between producers and intermediaries are illegal.
Answer: A
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Which of the following is used in the sales journal to indicate that summary totals have been posted to the general ledger?
a. a check mark; b. an account number; c. SJ; d. X; e. GJ.
From the lessee's viewpoint, which of the following is not an advantage of leasing?
A) If a lease is recorded as a capital lease, the calculated rate of return on the total assets ratio and the current ratio will be improved. B) A lease agreement may reduce the risk of obsolescence for a lessee. C) In many cases, an asset may be leased without requiring the lessee to make a substantial down payment. D) The lessee may be able to claim larger tax deductions through leasing the asset than if the asset were purchased.
In 2014, Lindsay's at-risk amount was $50,000 at the beginning of the year. Lindsay's shares of income and losses from the activity were as follows (ignore passive loss rules):YearGain (Loss)2014 $(60,000) 2015 $(40,000) 2016 $(20,000) 2017 $40,000 2018 $40,000 In 2018, what amount of income or loss will Lindsay report from this activity?
What will be an ideal response?
Hybrid layouts ______.
A. are also known as combination layouts B. combine the advantages of make-to-order and engineer-to-order C. are inexpensive compared to process layouts D. combine the advantages of product and straight-line layouts