Under the Sherman Antitrust Act, an example of a price fixing violation would be if a group of real estate firms agreed to:
A. only hold open houses on a particular day
B. offer minimum commissions
C. form a multiple listing service
D. hold a convention for all brokers in the area
Answer: B. offer minimum commissions
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The following is summary of information presented on the financial statements of a company on December 31, 2017 Account 2017 2016 Current Assets $68,000 $51,000 Accounts Receivable 83,000 78,000 Merchandise Inventory 52,000 45,000 Current Liabilities 77,000 53,000 Long-term Liabilities 34,000 51,000 Common Stock 51,000 42,000 Retained Earnings 41,000 28,000 Net Sales Revenue $526,000 $504,000 Cost of Goods Sold 400,000 398,000 Gross Profit $126,000 $106,000 Selling Expenses 50,000 51,000 Net Income Before Income Tax Expense $76,000 $55,000 Income Tax Expense 30,000 $16,900 Net Income $46,000 $38,100 With respect to current liabilities, a horizontal analysis reveals ________.
A) that current liabilities are 37.93% of total equity B) a 45.28% increase in current liabilities C) a current ratio of 0.88 D) a 31.17% increase in current liabilities
Explain why it is generally best to prepare the prefatory parts of your report after you've written the text
What will be an ideal response?