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A state law in California makes it illegal for businesses to charge men and women different prices for dry cleaning, laundry, tailoring, or hair grooming. The state legislator who introduced the law did so after a dry cleaner charged her more to have her shirts dry cleaned than to have her husband's shirts dry cleaned. According to a newspaper article, the owner of the dry cleaner told the legislator that his costs for cleaning women's shirts were higher because he had to iron them by hand rather than use an automatic press. The law proved difficult to enforce, with many dry cleaners continuing to ignore it years after it was passed.
a. Was the dry cleaner practicing price discrimination, as defined in this chapter? Briefly explain.
b. Do you support laws like this one? Briefly explain.
odaniel company had beginning inventory on may 1 of 12000. during the month the company made purchases of 40000 but
sales 800000 cost of goods sold 300000 accounts recievable 20000 bonds outstanding 160000 accounts payable 20000
What are the nine content areas located in the FASB Codification System? What types of items are located under each content area?
LBC Corporation makes and sells a product called Product WZ. Each unit of Product WZ requires 3.5 hours of direct labor at the rate of $14.50 per direct labor-hour. Management would like you to prepare a Direct Labor Budget for June.
Prepare the 20X5 statement of stockholders' equity reflecting the above described transactions. Prepare the stockholders' equity section of Dry Dock's balance sheet at December 31, 20X5
Capital investment process deficiencies
Calculate the company's current total contribution margin and the current average contribution margin ratio and calculate the companys current amount of operating income.
darrien parks and jaymes parks who are brothers are the ceo and controller respectively of their family-owned business
Jan.1 Paid $23,515 cash plus $1,785 in sales tax for a new delivery truck estimated to have a five-year life and a $2,300 salvage value. Delivery truck costs are recorded in the Trucks account.
western acquires used office machine seven-tear class asset on november 2 2011 for 75000. this is the only asset
lauren corporation acquired sarah inc. on january 1 2009 by issuing 13000 shares of common stock with a 10 per share
kerry corp purchased a used bottling machine from bobs bottling inc. on jan 1 2012 for 2100000. bob accounted for the
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