The first antitrust statute enacted by Congress (in 1890) was:
a. the Federal Trade Commission Act b. the Interstate Commerce Act
c. the Sherman Act d. the Clayton Act
e. the Norris-LaGuardia Act
c
You might also like to view...
Blackberry (formerly known as Research in Motion), the smartphone marketer, is based in:
A) Mexico. B) Canada. C) Brazil. D) Argentina. E) The Netherlands.
Interest earned on the cash balance in the bank is recorded by the bank as:
A. An increase in the depositor's bank account. B. A decrease in the depositor's bank account. C. A decrease in the bank's asset account. D. An increase in the bank's expense account. E. An increase in the bank's asset account.
Gamble Company has contribution margin of $20 per unit and a break-even point of 10,000 units. If Gamble sells 9,999 units, what would be its net income or loss? Explain how you calculated your answer.
What will be an ideal response?
Following is a list of account balances of Morris Mowing Services as of December 31 of the first year of operations
Accounts Receivable $6,000 Accounts Payable 7,000 Salaries Expense 6,000 Repairs Expense 900 Truck 12,000 Equipment 9,000 Notes Payable 24,000 Cash 12,000 Supplies Expense 9,000 Service Revenue 24,000 Gasoline Expense 7,100 Salaries Payable 1,500 Calculate the net income. A) $1,000 B) $31,300 C) $2,800 D) $34,100