Why is it unconstitutional for a state government to ban products imported from a foreign country, despite that country engaging in activities not condonable by that state?

What will be an ideal response?


The Commerce Clause of the U.S. Constitution gives the federal government the exclusive power to regulate commerce with foreign nations. This is referred to as the Foreign Commerce Clause. Direct and indirect regulation of foreign commerce by state or local governments that unduly burdens foreign commerce violates the Commerce Clause and is therefore unconstitutional. The federal government could enact a law that forbids another country from doing business in the United States if that country engages in activities that are not condoned by the United States. A state, however, could not enact a law that forbids a foreign country from doing business in that state if that country engages in activities that are not condoned by that state.

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GAAP allows the use of either the direct or indirect method but prefers the direct method. Companies who use the indirect method must also include a separate schedule reconciling net income to net cash flow provided by operating activities

Indicate whether the statement is true or false

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Brinker accepts all major bank credit cards, including First Savings Bank's, which assesses a 2.5% charge on sales for using its card. On May 26, Brinker had $4,800 in First Savings Bank Card credit sales. What entry should Brinker make on May 26 to record the deposit?

A. Debit Accounts Receivable $4,800; credit Sales $4,800. B. Debit Cash $4,800; credit Sales $4,800. C. Debit Cash $4,680; debit Credit Card Expense $120; credit Sales $4,800. D. Debit Cash $4,920; credit Credit Card Expense $120; credit Sales $4,800. E. Debit Accounts Receivable $4,680; debit Credit Card Expense $120; credit Sales $4,800.

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A report that includes physical evidence, description, lab reports, and testimony is what type of report?

A) Investigative. B) Trip. C) Incident. D) Progress. E) Feasibility.

Business

The philosophy, "Anything worth doing in the area of quality is worth overdoing," is the management attitude of the ________.

A. Japanese B. Danish C. French D. Americans

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