Ayau Distributors, which has stores in Ohio and Michigan, sells bedroom furniture for very low prices, but requires that buyers to also purchase a washing machine at a rather high price. This requirement probably is:
a. a tie-in sale that is illegal per se like all tie-in sales
b. a tie-in sale that is illegal under a rule of reason analysis because of the negative effect on competition
c. a tie-in sale that is legal under a rule of reason analysis because there is little market effect on the products d. a tie-in sale that is legal per se like all tie-in sales since the duPont case
e. an illegal exclusive dealing contract
c
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Under the net method of handling credit and debit card payments, the ________.
A) net amount of the sale is credited to the Sales Revenue account on the date of sale B) credit to the sales revenue is selling price less the transaction fee C) business writes a check to the third-party processor for the processing fee D) processing fee is debited to the Credit Card Expense account on the date of sale
DFDRR ______.
A. helps to reduce waste B. increases marketing costs C. reduces advertising costs D. ensures compliance with government regulations
Which of the following best describes the Norwalk agreement?
a. AICPA and IASC form a new set of principles. b. FASB and IASB commit to develop high quality compatible accounting standards. c. FASB defines the use of other comprehensive reports by international companies. d. FASB and SEC agree to create a new set of principles.
A durable power of attorney differs from a power of attorney in that the durable power of attorney:
a. is a formal written instrument, whereas the power of attorney may be informal and oral. b. must follow a standardized form set forth in the federal Uniform Durable Power of Attorney Act. c. becomes effective upon the principal's subsequent incapacity or the agent's authority is not affected by the principal's subsequent incapacity. d. is governed by Article 3 of the UCC.