In a typical situation in which the FTC discovers a potentially deceptive practice, the FTC:
A) obtains a cease and desist order immediately, before any more damage is done.
B) investigates, files a complaint, and has a hearing in front of an ALJ.
C) requests a court hearing in the local federal trial court.
D) investigates and, if warranted, brings the matter before the five-member commission for issuance of a mandatory safety standard.
B
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Moon Shoe Factory is an investment center and is responsible for all of their net income and the use of their assets. In 2010, the invested assets totaled $475,000 and net income was $115,000. What is to rate of return on assets?
A) 24.2% B) 25.0% C) 4.0% D) 413.0%
The European Union is the most successful regional market zone.
Answer the following statement true (T) or false (F)
A(n) ________ is a charge of having committed a crime, usually a felony, based on the judgment of a grand jury
A) indictment B) information statement C) arraignment D) plea
Elaine Matuszek, the sole stockholder of Matuszek Consulting, started the business by investing $46,000 cash. Identify the general journal entry below that Matuszek Consulting will make to record the transaction.
A.
| Common Stock | 46,000? | |
| Cash | 46,000? |
B.
| Cash | 46,000? | |
| Common Stock | 46,000? |
C.
| Cash | 46,000? | |
| Increased Equity | 46,000? |
D.
| Investments | 46,000? | |
| Common Stock | 46,000? |
E.
| Investments | 46,000? | |
| Cash | 46,000? |