Texaco sold gas to some gas stations for less than it sold gas to Hasbrouck, who sued. You would expect that the Supreme Court held Texaco had:
a. not violated any antitrust law because it sold the product for less to large volume chains less, which met the cost justification defense
b. not violated any antitrust law because it sold the product for less in order to meet competition that offered the same price to the chains
c. violated the rule against resale price maintenance
d. boycotted Hasbrouck by making him pay a higher price e. engaged in illegal price discrimination against Hasbrouck
e
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Museum Corporation acquired a new manufacturing building by issuing 10,000 shares of its $50 par value preferred stock with a $75 per share market price. Similar buildings have recently cost $780,000 . What are the effects of this transaction on the accounting equation for Museum?
a. Building and Preferred Stock increase $780,000. b. Building and Preferred Stock increase $500,000. c. Building increases $780,000? Preferred Stock increases $500,000? Additional Paidin Capital—Preferred increases $280,000. d. Building increases $750,000? Preferred Stock increases $500,000? Additional Paidin Capital—Preferred increases $250,000.
Journalize the following sales transactions for Bryson Printing Equipment using the periodic inventory system. Explanations are not required.
March 2: Bryson sold $45,800 of printing equipment on account, credit terms n/30. March 5: Bryson received a $2,500 sales return of damaged goods from the customer. March 11: Bryson received payment from the customer of the amount due.
Which of the following is an example of self-service technologies?
A) calling for a pizza delivery B) buying a service contract for a computer C) printing tickets from a home computer D) visiting a parts-and-service department E) offering secondary service features
The payroll department of a manufacturing company is most likely to be a(n) ________.
A) cost center B) revenue center C) investment center D) profit center