Case summary: The person LC is working as a professor at the University of Massachusetts’s department of plant, soil and insect sciences. The professor applied in the Drug Enforcement Administration (DEA) for permission to register for the production of marijuana for clinical research. He stated that the Food and Drug Administration (FDA) approved the usage of marijuana in medical and adequate quality supply. However, an administrative law judge suggested that the application can be granted but the DEA rejected the application. The DEA stated that the professor has to prove that effective control for unapproved purposes of marijuana will be taken and that the competition to supply it is inadequate. The administration noticed that the professor did not prove the above concerns. The professor appealed to the U.S. Court to review the order.
To find: The reasons for which the court should wait until the agency completes its procedural process.

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Chapter 23 Solutions
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- For which of the following would year-end accrual of a current liability be optional? a. Current portion of a long-term lease obligation that comes due next year b. A declared property dividend c. Sick pay benefits that accumulate but do not vest d. Short-term debt that is being refinanced on a long-term basisarrow_forwardQuick answer of this accounting questionsarrow_forwardThe City Commission of Nashville has decided to build a botanical garden and picnic area in the heart of the city for the recreation of its citizens. The precedence table for all the activities required to construct this area successfully is as follows: A Time B- Code Description (hrs) Immediate Predecessor(s) A Find location; determine resource requirements 20 None B Requisition of lumber and sand 65 A C Dig and grade 100 A D Saw lumber into appropriate sizes 30 B E Position lumber in correct locations 25 D, C F Nail lumber together E G Put sand in and under the equipment 25 F H H Put dirt around the equipment 10 F Put grass all over the garden, landscape, paint 35 G, H Refer to the legend for the activity that corresponds to each code. Using the line drawing tool, draw a Gantt chart for activities E through I of the project. 0 20 40 60 80 100 120 140 160 180 200 220 Clear allarrow_forward
- Yan Yan Corp. has a $2,000 par value bond outstanding with a coupon rate of 4.7 percent paid semiannually and 13 years to maturity. The yield to maturity of the bond is 5.05 percent. What is the dollar price of the bond?arrow_forwardWhat is the purpose of primary and secondary data in researcharrow_forwardSwifty Supply Co. has the following transactions related to notes receivable during the last 2 months of 2027. The company does not make entries to accrue interest except at December 31. Nov. 1 Loaned $30,000 cash to Manny Lopez on a 12 month, 10% note. Dec. 11 Sold goods to Ralph Kremer, Inc., receiving a $85,500, 90-day, 8% note. 16 Received a $87,840, 180 day. 10% note to settle an open account from Joe Fernetti. 31 Accrued interest revenue on all notes receivable. (a) Journalize the transactions for Swifty Supply Co. (Ignore entries for cost of goods sold.) (Credit account titles are automatically indented when amount is entered. Do not indent manually. Use 360 days for cal in the order presented in the problem. List all debit entries before credit entries.) Date Account Titles and Explanation Debit Creditarrow_forward
- Hi expert please give me answer general accounting questionarrow_forwardHoward James started a business in 2011 in Jamaica and has been operating in the wholesale/retail industries, where he buys and sells household items to the local market. In 2012, he expanded his business operations and opened two other businesses in Trinidad and Tobago and Antigua and Barbuda, respectively. The annual sales of the respective businesses in 2015 are: Jamaica: J$3,000.00 Trinidad and Tobago: TT$251,000.00 Antigua and Barbuda: $299.00 Mr. James failed to register his business for VAT/GCT as specified by the respective Sales Tax Acts and Regulations. He stated that there is no need for his businesses to be registered because their sales are under the VAT thresholds and thus not required to be registered. a) You are to advise Mr. James if his decision not to register his businesses is justifiable. b) Search the respective VAT Acts for the 3 countries and advise Mr. James of the benefits of being a registered taxpayer; also the penalties for not registering for VAT/GCT.arrow_forwardGet correct answer general accounting questionarrow_forward
- Purchasing and Supply Chain ManagementOperations ManagementISBN:9781285869681Author:Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. PattersonPublisher:Cengage Learning
