Merger guidelines were created by the Department of Justice and the FTC to:
a. help businesses evade antitrust laws
b. help the courts determine what an unfair business practice is
c. help the courts decided what penalties to impose for unfair business practices d. help the courts break up monopolies evenly
e. none of the other choices are correct
e
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Adam Inc uses a perpetual inventory system. Jan. 1 On hand, 10 units at $2 each $ 20 4 Sold 8 units for $10 each 80 22 Purchased 50 units at $4 each 200 26 Sold 48 units for $10 each 480 If Adam uses the FIFO method, how much is ending inventory on January 31?
a. $ 8 b. $ 12 c. $ 16 d. $ 40
If a business records revenue when cash is received, records the purchase of a building as an asset, and makes adjustments to allocate the cost of the building over many accounting periods, the business's accounting system is a(n)
a. accrual basis of accounting; b. adjustment basis of accounting; c. cash basis of accounting; d. modified cash basis of accounting; e. commercial basis of accounting
For a particular product in high demand, a company decreases the sales price and increases the sales commission. These changes will not increase
a. sales volume. b. total selling expenses for the product. c. the product contribution margin. d. the total variable cost per unit.
When an organization doesn't receive a reasonable level of support for its business and its products, it often faces community relations problems
Indicate whether the statement is true or false