TRUE/FALSE. the clayton act is the only major antitrust act that includes criminal sanctions.

Answers

Answer 1

False. The Clayton Act is not the only major antitrust act that includes criminal sanctions.

The statement is false. While the Clayton Act, enacted in 1914, is indeed a major antitrust law in the United States, it is not the only one that includes criminal sanctions. Another significant antitrust act that incorporates criminal penalties is the Sherman Act of 1890. The Sherman Act is considered the primary federal law dealing with antitrust violations, and it addresses a wide range of anticompetitive behavior, such as price fixing, bid rigging, and market allocation.

Both the Clayton Act and the Sherman Act are essential components of the U.S. antitrust laws, but they have distinct focuses and provisions. The Clayton Act primarily focuses on mergers and acquisitions that may harm competition, while the Sherman Act targets a broader range of anticompetitive practices. Both acts provide for civil and criminal penalties, with criminal sanctions typically reserved for more egregious violations.

In summary, the Clayton Act is not the only major antitrust act that includes criminal sanctions. The Sherman Act is another critical antitrust law that also incorporates criminal penalties for anticompetitive behavior.

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Related Questions

Assume two countries, Home and Foreign, with two factors of production, capital and labour, used to produce two goods, rice and cloth. Technology is the same in two countries. Cloth production is labour intensive; Foreign is capital abundant. Suppose that Home is large, while Foreign is small. a. Suppose Home imposes a tariff on its imports, following an optimal tariff schedule, and Foreign counters by applying an export subsidy, so that in the end, relative prices in Foreign are unchanged. What happens to the terms of trade and the overall welfare of the two countries? Explain your answer, using a relative demand-relative supply curve graph to support your answer. b. Explain out of each country's producers, consumers, and the government, who win/lose from both the tariff and the subsidy from both countries. c. Given your answer in part (b), why does Foreign imposes the export subsidy? d. Instead of an export subsidy, what can Foreign do to counter Home's action and keep its overall welfare as close to the level before Home imposes the tariff as possible?

Answers

Imposing tariffs can lead to a decrease in imports and a decrease in overall welfare for the country imposing them. Foreign countries may respond with export subsidies to increase their welfare.

A. With the imposition of tariffs by Home, there will be a decrease in imports in Home, and due to this, the foreign countries will decrease their exports. The foreign country will impose an export subsidy to decrease the relative prices and hence increase the overall welfare.

The terms of trade will decrease for Home and increase for Foreign. When the terms of trade decrease, there is a decrease in real income, and the country becomes worse off. Home becomes worse off, and Foreign becomes better off due to a decrease in the prices.

The figure shows the increase in foreign exports due to an increase in the relative demand for exports of the foreign country. B. The following graph shows the loss in consumers, the gain in producers, and the gain of the government of Home due to the imposition of tariffs.

The following graph shows the gain of consumers, loss of producers, and loss of government due to the imposition of an export subsidy by the foreign country. C. Foreigners impose an export subsidy to decrease the prices of their exports, thereby increasing the overall welfare.

When they increase the subsidies, there will be an increase in the quantity demanded, and hence the producers will be able to sell more. D. Instead of imposing an export subsidy, Foreign can impose a countervailing duty. The countervailing duty will increase the prices of the imported goods and will nullify the effect of the Home's tariff.

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what are the social causes of the french revolution(in 200 words)​

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The French Revolution, which occurred from 1789 to 1799, was a complex event with various social causes, including social factors that contributed to widespread discontent among the French population. Here are some key social causes of the French Revolution:

Inequality and social hierarchy: French society was characterized by a rigid social structure, where the clergy and nobility held privileged positions, while the majority of the population, known as the Third Estate, faced economic hardships and social inequality. Economic crisis and poverty: France experienced a financial crisis, exacerbated by years of war, extravagant spending by the monarchy, and a regressive taxation system that burdened the lower classes. Enlightenment ideas: The Enlightenment, an intellectual movement that emphasized reason, individual rights, and liberty, greatly influenced French society.Influence of the American Revolution: The successful American Revolution against British rule served as a powerful example for the French people, demonstrating that it was possible to overthrow oppressive regimes and establish a democratic system. Influence of the bourgeoisie: The rise of the bourgeoisie, the middle class comprising merchants, professionals, and industrialists, played a significant role in the revolution.

These social causes, combined with political, economic, and intellectual factors, contributed to the outbreak of the French Revolution.

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How did the ability to plow vast tracts of land change the economic value of the land in the southern Plains?

Answers

Answer: overheating the ground

Explanation:

What usually occurs during this process is that the land is heated with this happening the land becomes super dry, Luke the texture of a Dust bowl. At this phase, it's not easy to plow a large mass of land

when do penalties and interest begin accruing for employers who have not remitted deferred social security taxes?

Answers

Answer:

Again, you have until December 31, 2021 to withhold the deferred tax without penalties. Interest, penalties, and other additions begin accruing on any unpaid deferred tax if you miss the deposit deadline of January 3, 2022.

This tax was deferred by your employer. Check the amounts in boxes 3 and 4 of your W-2 form. Box 4 should account for 6.2% of Box 3. Examine IRS Notice 2020-65 for more information on this subject.

How to pay deferred Social Security taxes?

EFTPS or another IRS payment method can be used to make payments. Employers' deferred Social Security payments cannot be scheduled by Wave. When depositing reimbursement, make sure to follow the IRS's particular procedures. Include your reimbursement in a separate deposit from your 2021 taxes.

This penalty is 10% of the total deferred amount, which increases to 15% if the IRS files a payment demand and payment is not made within 10 days. For example, if an employer postponed $50,000 in Social Security tax payments in 2020, he or she must pay $25,000 on each installment due date.

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3.2. What impact does corruption and fraud have on the Community​

Answers

Explanation:

The impact of corruption goes beyond the corrupt individuals, the innocent colleagues who are implicated, or the reputation of the organisations they work for. Ultimately, Victorians are the ones who lose out.

Corruption erodes the trust we have in the public sector to act in our best interests. It also wastes our taxes or rates that have been earmarked for important community projects – meaning we have to put up with poor quality services or infrastructure, or we miss out altogether.

It is in everyone’s interest to report corruption and misconduct.

Organisational impacts of corruption

financial loss

damage to employee morale

damage to organisation's reputation

organisational focus and resources diverted away from delivering core business and services to the community

increased scrutiny, oversight and regulation.

Individual impacts of corruption

disciplinary action

termination of employment

criminal charges

may affect relationships with family, friends and colleagues.

Community impacts of corruption

wasted taxpayer funds

loss of goods and services

lower community confidence in public authorities

disadvantage to honest business that miss out on government contracts.

consumer decision are described by which of the following?

A. levels

B. stages

C. effort exerted

D. all of the above

E. none of the above

Answers

Consumer decisions are described by all of the above i.e. levels, stages, and effort exerted. So option d. is correct.

The consumer decision-making process involves the consumers to identify their needs, gather information, evaluate alternatives and then make their buying decision. The consumer behavior may be determined by economic and psychological factors and is influenced by environmental factors like social and cultural values. Consumer decision-making behavior is a complex procedure and involves everything starting from problem recognition to post-purchase activities.

The decision can be complex, comparing, evaluating, selecting as well as purchasing from a variety of products depending upon the opinion of a consumer over a particular product.

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Apply: Choose 5 major events and create a timeline.

Title-Age of Jackson

Apply: Choose 5 major events and create a timeline. Title-Age of Jackson

Answers

A timeline of the 5 major events in the Age of Jackson is given below:

The Timeline

1824: John Quincy Adams becomes president after a controversial election, defeating Andrew Jackson.

1828: Andrew Jackson wins the presidential election by a landslide, becoming the 7th president of the United States.

1830: The Indian Removal Act is signed into law, leading to the forced relocation of Native American tribes from their ancestral lands.

1832: The Nullification Crisis occurs as South Carolina declares federal tariffs null and void, leading to a threat of secession and a confrontation with Jackson.

1837: Martin Van Buren becomes president after Jackson's two terms, marking the end of the Age of Jackson and the beginning of a new era in American politics.

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Elaboration or analysis sentence starters can be ...

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Elaboration or analysis sentence starters can be  "useful tools for developing and expanding ideas."

Elaboration or analysis sentence starters serve as useful tools for writers to enhance their ideas and provide deeper insights into a topic. They help in expanding upon key points, offering additional details, and providing a more comprehensive understanding of the subject matter. These sentence starters act as prompts or cues that guide the writer in developing their thoughts and arguments in a structured and coherent manner.

By using elaboration or analysis sentence starters, writers can effectively communicate their ideas, engage the readers, and present a more thorough and well-supported perspective on the topic at hand. These sentence starters serve as valuable resources for writers to enhance the quality and depth of their writing.

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What things come under freedom of expression​

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Article 10 of the Human Rights Act: Freedom of expression

Everyone has the right to freedom of expression. This right shall include freedom to hold opinions and to receive and impart information and ideas without interference by public authority and regardless of frontiers.

What is your opinion about the domestic investment in the project? Project your logics

Answers

Answer:

In projects if domestic investment is made then what we have will always be here….that means if we make domestic investments in projects then our money won't go to other countries and neither our resources will be deploited .Therefore, domestic investment should be made in order to stop the flow of our money to other counther countries and stop corruption somehow.

Answer:

If domestic investment is made what we have will always be there no matter what. Our money and or resources won't go to the other countries.

The decision support system's (DSS) component that provides an interface that is necessary for the user to interact with the data and model components Data management Model management Communicative system Research management

Answers

The Decision Support System (DSS) component that provides an interface that is necessary for the user to interact with the data and model components is the communicative system.

Decision Support System (DSS) is an interactive information system that assists decision-makers in solving semi-structured or unstructured problems by using data and analytical models. The decision-making process in DSS combines human intelligence with analytical models and database processing to support decision-making processes.

A DSS utilizes a variety of technologies, including Artificial Intelligence (AI), expert systems, Machine Learning, predictive modeling, and more, to provide decision-makers with the information and analysis they need to make effective choices. A DSS typically includes a user interface, a database, and modeling tools that allow the user to perform what-if analyses, perform statistical analyses, and create visual representations of data.

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How are elements and atoms of different elements similar and different from one another

Answers

Answer:Atoms of different elements are similar. Because they all are made of electrons, protons, and neutrons. Only difference is There numbers are different.

Explanation:

The Elements and Atoms are similar and yet different.

First of all, we will talk about how it is similar:

A particular atom will have the same number of protons and electrons and most atoms have at least as many neutrons as protons. An element is a substance that is made entirely from one type of atom. The atoms of all elements consist of electrons, protons, and neutrons.

Difference Between Element and Atom:

Atom consist of  subatomic particles which includes:  neutrons - with no charge,  protons - positively charged , electrons - negatively charged. The protons and neutrons are in the atomic nucleus of the atom, while the electrons orbit the atomic nucleus.

While Elements  are all the different types of atoms we know exist on Earth. They are arranged by their atomic number on the Periodic Table of Elements.

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Match each description to the correct physical feature

Answers

The picture isn't attached

Answer:

I can help.

Black Land-fertile land on the banks of the Nile

Red Land-Desert Lands

Cataract-A Large Waterfall

Explanation:

Which of the following is NOT a reason it was difficult for the Pilgrims to survive the winter?
Responses

A. The weather was freezing.

B. The food supplies were low.

C. Half of the colonists died of sickness.

D. They fought with the Native Americans/Indigenous people.

Answers

Answer:

d. They with the native American/indigenous people

What do these photos reveal about the amount of damage done to the property in Greenwood during the Tulsa race massacre??

What do these photos reveal about the amount of damage done to the property in Greenwood during the Tulsa

Answers

Answer:

The photos reveal about the amount of damage done

is that they is nothing left: no homes, no food . not many people left to live.

Alex shows up for work on time each day and is accountable and responsible. This best exemplifies someone who measures high for which Big Five trait?conscientiousnessopenness to experienceagreeablenessextraversion

Answers

Alex's behavior exemplifies someone who measures high for the Big Five trait of conscientiousness.

Conscientious individuals tend to be dependable, organized, and responsible. They prioritize meeting deadlines and fulfilling obligations, and are motivated to achieve their goals.

In this case, Alex consistently showing up for work on time and being accountable and responsible demonstrates their conscientiousness. They prioritize their job responsibilities and are committed to fulfilling them to the best of their abilities.

Overall, conscientiousness is a highly valued trait in the workplace as it is associated with greater productivity, efficiency, and overall success.

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Social science that deals with the behavior and thinking individual is ?

Answers

Answer:

Psychology

Explanation:

Psychology is the scientific study that concerns the human mind, and behaviour. There are several branches of psychology, including social and forensic.

The so-called "new" theories, unlike the grand theories, are multidisciplinary. Evolutionary theory, for example, draws on the work of. Group of answer choices

archeologists

computer scientists

engineers

educators

Answers

The so-called "new" theories, unlike the grand theories, are multidisciplinary. Evolutionary theory, for example, draws on the work of archeologists

What is new theory?

New growth theory is a concept of economies it's studied that the desire of human continually increase and this will also lead to continuous production processes to meet the demand.

This demand has led to the off shoot of many companies and firms.

Therefore, The so-called "new" theories, unlike the grand theories, are multidisciplinary. Evolutionary theory, for example, draws on the work of archeologists.

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Which of these scenarios is the best example of intermittent reinforcement?
A. Igor never corrects his 2-year-old daughter's language errors when she speaks.
B.Madeleine learns that every time she turns on the light switch, the light turns on.
C.Angela yells at her dog every time he barks.
D.When 3-year-old Yang bangs his metal spoon on the table, his mother sometimes tells him to stop.

Answers

The scenario which is the best example of intermittent reinforcement is when 3-year-old Yang bangs his metal spoon on the table, his mother sometimes tells him to stop (option D).

Intermittent reinforcement is a behavior training strategy where reinforcement is given after some occurrences or sometimes not given at all. Intermittent reinforcement has two forms: fixed and variable. Fixed reinforcement is given every time the behavior occurs, while variable reinforcement is given randomly.

The latter is more efficient in reinforcing a behavior.Based on the given scenarios, among them the best example of intermittent reinforcement is when 3-year-old Yang bangs his metal spoon on the table, his mother sometimes tells him to stop because the mother's response is not consistent.

Therefore, it is the best example of a variable interval schedule of reinforcement, which means that the reward is given at random times. Option D is the correct answer.

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where is the indus valley civilization located

A.China

B.Brazil

C.Pakistan and parts of India

Answers

Answer C
Explanation: The Harappan civilization was located in the Indus River valley. Its two large cities, Harappa and Mohenjo-daro, were located in present-day Pakistan's Punjab and Sindh provinces, respectively. Its extent reached as far south as the Gulf of Khambhat and as far east as the Yamuna (Jumna) River.
C. Pakistan and parts of India

an emerging third party is struggling to get congressional candidates elected to office. which of the following is a feature of the american political system that would explain why the party is struggling to achieve its goal? responses the free-rider problem the free-rider problem candidate-centered campaigns candidate-centered campaigns voter identification laws voter identification laws single-member districts

Answers

The feature of the American political system that could explain why an emerging third party is struggling to get congressional candidates elected to office could be single-member districts.

In single-member districts, only one representative is elected to represent a particular geographic area. This means that for a third party to win, they need to win the majority of votes in a particular district. However, since third parties typically have less funding and support than the two major parties, they often struggle to compete and gain recognition in these districts. This can lead to a situation where voters do not consider third-party candidates as viable options and choose to vote for either the Republican or Democratic candidate.

As a result, third parties may struggle to win elections and may not be able to effectively represent their supporters' interests. This can also lead to the free-rider problem, where voters choose not to support third parties because they do not believe they will win, resulting in a lack of support and resources for these parties. Overall, the American political system's focus on single-member districts can pose challenges for emerging third parties trying to get candidates elected to office.

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Describe challenges the west faces and what the region is doing to meet them DONT BE ANNOYING
Thc

Answers

Answer:

When they left, pioneers confronted various difficulties: bulls kicking the bucket of thirst, over-burden carts, and loose bowels, among others. Trails were ineffectively checked and difficult to follow, and explorers frequently lost their direction. Manuals endeavored to prompt voyagers, however, they were regularly untrustworthy.

Explanation:

Don't go to the links, they're most likely websites that track your information and steal it - or they're just viruses.

the main reason abraham baldwin formed the university of ga because he

Answers

Answer:

He thought educated people were more likely to improve Georgia.

Explanation:

Answer:

He thought educated people were more likely to improve Georgia.

Explanation:

Humanistic therapy attempts to help people __________. A. Understand the link between their hormones and behavior B. Discover their unresolved traumas and conflicts C. Develop their individuality and realize their full potential D. Realize what unconscious motives influence their behavior Please select the best answer from the choices provided A B C D.

Answers

Answer:

Understand the link between their hormones and behavior B. Discover their unresolved traumas and conflicts

Answer:

c

Explanation:

cause I said so

Confused please help thanks

Confused please help thanks

Answers

Answer:

Im pretty sure it's Continential Army

Explanation:

sorry if im wrong tho! Hope this helps! maybe mark me brainliest?

Activity
scientists use various techniques to measure the biodiversity of an area. these techniques include netting, canopy fogging, quadrat sampling, and transect sampling. collect information on these techniques by referring to credible websites. then
answer the questions.
part a
summarize your results in the table. list the method, pros, and cons for each monitoring technique.

Answers

Answer:

Explanation:

canopy fogging-

Insecticides are sprayed on the tops of the trees. The dead insects that fall from the trees are collected on a large screen and then counted.  

It’s effective for sampling organisms in areas not easily accessible. It allows for dissection of the whole organism.

It’s limited to insects and kills the organisms.

Quadrat Sampling-

Organisms are counted in an area marked using a premade plastic square.

It’s effective for slow-moving species or species that don’t travel long distances.

It’s ineffective for animals that move rapidly or across long distances.

Transect Sampling-

A line made from a rope or measuring tape is put up in a habitat at fixed intervals. Organisms under the line are recorded.

It can be used to monitor a change in an area over time.

It’s often not representative of all the organisms in the habitat.

Netting-

Organisms are captured using nets. They are then identified and released back into the wild.

It allows for a sampling organisms’ DNA for genetic analysis.

Nets may cause unintentional harm to the organisms. It’s beneficial only for animals that can be captured in nets, such as birds and bats.

This is the exact answer so maybe switch it up a bit.

Which factor contributed most to the cultural diversity in Canada and the United States?

Which factor contributed most to the cultural diversity in Canada and the United States?

Answers

Answer:

The correct answer choice is Immigration

Explanation:

Immigration is definitely the factor that has contributed the most to the cultural diversity in both Canada and the U.S.

The United States has recieved, throughout its history, a very large amount of immigrants, from almost every part of the world: Italy, Germany, Ireland, Poland, Russia, Ukraine, the Middle East, Africa, Mexico, Cuba, Dominican Republic, and even Canada. This has created a very diverse culture, from Italian American culture, to Mexican American culture, to Jewish American culture.

A similar event occurrs in Canada, albeit a smaller extent until recent times. Canada in particular, received a large immigration from Ukraine in the past, and in recent decades, a large Chinese and South Asian immigration.

The first step in determining a source is to?

A.uncover objective ideas

B. Examine motive

C. Identify the subject

D. Determine bias

Answers

Answer:

identify the subject

Explanation:

answer on e2020

The first step in determining a source is to Identify the subject. Thus the correct potion is C.

What is the Source?

A source is referred to as a platform from where the information is collected. This source defines the credibility and authenticity of the information being used in any work.

Finding out more about the author of a source is one of the first steps in analyzing it, and doing so can assist determine the source's accuracy and viability for use in research.

A first informational platform can occasionally be found by just typing the author's name into a search engine. You can tell if a writer has experience by looking up the author's educational background and areas of specialization.

Therefore, option C Identifies the subject is appropriate.

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Examine current events relating to the Covid -19
pandemic. Summarise the issues and arguments.

Answers

Here are some of the issues and arguments related to the current events relating to the Covid-19 pandemic: The most significant issue related to the COVID-19 pandemic is the spread of the virus itself, which has caused millions of deaths worldwide. Governments have imposed measures such as lockdowns, social distancing, and mask mandates to slow the spread of the virus.

However, these measures have also caused significant disruptions to businesses and economies, leading to job losses and financial hardship. Another issue related to the COVID-19 pandemic is the development and distribution of vaccines. There are arguments over who should get the vaccine first, and whether vaccines should be distributed based on need or wealth. There is also a debate about the effectiveness of different vaccines and the potential side effects of taking them. The COVID-19 pandemic has also brought up concerns about healthcare systems and their capacity to handle such a crisis. The pandemic has highlighted disparities in healthcare and resources between countries and regions. There have also been debates about the impact of the pandemic on education. Schools and universities have had to adapt to remote learning, which has been a challenge for both students and teachers.

There are concerns about the long-term effects of remote learning and the potential for widening educational disparities. Finally, the pandemic has led to debates about individual rights and government power. Some people argue that the government should have the power to impose measures to control the spread of the virus, while others believe that these measures infringe on their rights and freedoms.

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What civilization was located on the Anatolian Peninsula and known for their abilities as charioteers and skilled military conquests?

Answers

The Ancient Rome's civilization was the civilization that was located on the Anatolian Peninsula and known for their abilities as charioteers and skilled military conquests.

What was the Ancient Rome's civilization?

The Ancient civilization began in 9th century B.C. and grew from a small town on central Italy's Tiber River into an empire that at its peak encompassed most of continental Europe, Britain, much of western Asia, northern Africa and the Mediterranean islands.

They were known for their military, political, and social institutions as they also conquered vast amounts of land in Europe and northern Africa, built roads and aqueducts, and spread Latin, their language, far and wide.

In conclusion, the Ancient Rome's civilization was the civilization that was located on the Anatolian Peninsula and known for their abilities as charioteers and skilled military conquests.

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metal-semiconductor junction can also form built-in potential and can act as diode, true or false? which section of the declaration of independence is a brief explanation of why the declaration was written. Chef Gomez created a tasty ___ gumbo recipe with an unusual mix of ingredients. It was a new and different way to cook the spicy stew A box contains 1 3/4 pounds of pancake mix. Jada used 7/8 pound for a recipe. What fraction of the pancake mix in the box did she use? Explain or show your reasoning. Victor knows who killed his brother, but remains silent in chapters 5-8 of Frankenstein. Why?A. He doesn't want to be executed.B. He fears people will think he's insane if he tells the truth.C. He is afraid Elizabeth will hate him.D. He is afraid of being expelled from school. Who was Michelangelo di Lodovico Buonarroti Simoni, (known simply as Michelangelo). the major components of this model include agent, host, and environment. What are the Similarities and Differences for the following central banks; National Bank of Ukraine, Bank of Canada, South African Reserve Bank, Central Bank of Liberia, US Federal reserve and European Central Bank in terms of:1) Monetary Policy process and decisions2) Domestics Financial Market Operations3) bank Independence in operating4)Transparency in its activities5) Communication6) Dealing with Moral Hazards7)Financial indicators (GDP, CPI, interest rate etc. In which reaction are the atoms of elements rearranged? A. a neutron fuses with plutonium-239 to form plutonium-240.B. two isotopes of hydrogen fuse to form helium.C. sodium combines with chlorine to form sodium chloride.D. uranium-235 breaks apart into krypton, barium, and three neutrons. Give your opinion on the importance of Genetics in human development For the function y=F(x), when x = 4, its y-value is 18.Choose all true statements.A. The functions value is 4 at 18B. The point (4,18) is on the graph of the function C. The functions value is 18 at 4D. F(4)=18E. The point (18,4) is on the graph of the functionF. F(18)=4 Which of the following molecules or ions exhibit resonance? Select all that apply.a. SF6b. H2Oc. NO2d. N3e. NH3 Im lostBelongings can be organized by:O A.O B.O C.O D.Related groupsFrequency of useUsing bins, shelves, and cabinetsAll of the above Simplify (3^2)^8 ??? Need help please. 1. Which of the following is an example of an intermediary?A. Auto manufacturerB. Auto parts manufacturerC. New car dealershipD. Auto repair shop What caused the moderate Republicans and Radical Republicans to join forces? Explain which linking institution (voting, parties, interest groups or media) I has the most influence over the government and why he believes this. In a control system, an accelerometer consists of a 4.63-g object sliding on a calibrated horizontal rail. A low-mass spring attaches the object to a flange at one end of the rail. Grease on the rail makes static friction negligible, but rapidly damps out vibrations of the sliding object. When subject to a steady acceleration of 0.832g, the object should be at a location 0.450 cm away from its equilibrium position. Required:Find the force constant of the spring required for the calibration to be correct. In a make-or-buy decision, a potential supplier comes to you offering to make your product for you for you to resell to your customers. Your cost structure per unit looks like this: DM $11 DL $13 VOH $7 FOH $10 Your capacity is 100,000 units and you always sell all 100,000 units you make. You also have $500,000 of administrative fixed costs which you cannot avoid. If you accept the supplier's offer, you will be able to avoid 70% of the Fixed Overhead. Ignoring other factors such as losing full control of the quality of your product, at what price would your net income be the same whether the supplier makes your product or you continue to make it ? Slinky established a petty cash fund for $400. Slinky purchased 50 units of inventory from a supplier on credit. The goods cost $40 each and the credit terms were 5/10, n/30. The shipping costs, paid in cash by Slinky, were $100 under the terms FOB Shipping. Slinky received the inventory on July 3rd. Slinky returned 5 units of inventory from the July 3rd transaction to the supplier. Slinky sold 15 of the units purchased on July 3rd for $55 each to customers for cash. Slinky accepted a return of one unit of inventory from a July 6th customer for a cash refund. Slinky paid the supplier for one-half of the inventory purchased on July 3rd. Be sure to account for any returns and/or purchase discounts. Slinky used $40 out of petty cash to pay for coffee meeting (coffee expense). Slinky purchased 10 units of inventory from a supplier on credit. The goods cost $25 each and no credit terms were granted. The shipping costs were $50 under the terms FOB destination and Slinky received the inventory on November 2nd Slinky paid the remaining balance owed to the supplier from the July 3rd transaction. Slinky replenished petty cash.Required:Prepare Journal Entries for July