Which of the following is an example of a horizontal restraint of trade?
A) resale price maintenance
B) division of markets
C) unilateral refusal to deal
D) conscious parallelism
B
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The Allowance for Bad Debts account has a credit balance of $8,700 before the adjusting entry for bad debts expense
After analyzing the accounts in the accounts receivable subsidiary ledger using the aging-of-receivables method, the company's management estimates that uncollectible accounts will be $15,000. What will be the balance of the Allowance for Bad Debts reported on the balance sheet? A) $15,000 B) $6,300 C) $23,700 D) $13,500
Tom is a habitual shopper at garage sales. Last Saturday he stopped at one where there were several types of used building materials for sale
At the low prices being asked, Tom knew that he could resell the items in another town for a substantial gain. Four things stood in his way: he could only make one round trip to resell the goods; his pickup truck bed would hold only 1000 pounds; the pickup truck bed could hold at most 70 cubic feet of merchandise; and he had only $200 cash with him. He wants to load his truck with the mix of materials that will yield the greatest profit when he resells them. Item Cubic feet per unit Price per unit Weight per unit Can resell for 2 × 4 studs 1 $0.10 5 pounds $0.80 4 × 8 plywood 3 $0.50 20 pounds $3.00 Concrete blocks 0.5 $0.25 10 pounds $0.75 Formulate this problem as a linear program.