The ________ is a court-adopted rule that allows a reviewing court to consider the overall impact of a particular agreement on competition within its relevant market
A. choice of law rule
B. rule of reason
C. rule of origin
D. ultra vires rule
B
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Equipment with an original cost of $75,000 and accumulated depreciation of $40,000 is sold for $28,000 . The entry to record the sale includes a
a. debit to Accumulated Depreciation, $28,000; b. credit to Gain on Sale of Equipment, $7,000; c. debit to Cash, $40,000; d. all of these; e. none of these.
Felton Quality Productions uses a predetermined overhead allocation rate based on machine hours
It has provided the following information for the year: Actual manufacturing overhead costs incurred $100,000 Manufacturing overhead costs allocated to production $56,000 Actual direct materials cost $220,000 Actual direct labor cost $40,000 Actual machine hours 32,000 hours Based on the above information, calculate the predetermined overhead allocation rate applied by Felton Quality. (Round your answer to the nearest cent.) A) $1.75 per machine hour B) $3.13 per machine hour C) $6.88 per machine hour D) $1.25 per machine hour
When economists study the national economy or global economy, they are using a(n) ____ approach.
A. macroeconomics B. microeconomics C. fiscal D. monetary E. intuitive
The main reason a manufacturer will prohibit intermediaries from selling its products outside designated sales territories is to
A. tighten its control over distribution of its products. B. discourage competition from other manufacturers. C. incorporate selective distribution. D. contain distribution costs. E. punish intermediaries for past behavior.