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Discussions of affirmative action and its offshoot of reverse discrimination generally raise more heat than light. As a starting point, please read the case of Taxman v. Board of Education (see link below) that no matter what your personal views presents intelligent arguments on both sides of the affirmative action debate. Taxman v. Board of Education When is it appropriate for a Court to seek race or gender based solutions to past discrimination problems? What impact has affirmative action had on employment practices in this country?
Geller Florist Inc. had the following transactions during 2015: Purchased a $200,000 warehouse with $50,000 cash and a $150,000 mortgage from a bank. Raised $100,000 from selling new shares of stock to investors. The cash was used to buy land to grow..
1.Stewart receives a $20,000 payment three years in advance of a scheduled appearance as a graduation speaker at a major state university. A four percent interest rate applies.
The following information relates to the Cliff Division of Mountain Enterprises: If the company has an imputed interest rate of 6%, Cliff's residual income would be:
The estimated bad debts expense under the percentage of sales basis is $4,1000. The total estimated uncollectibles under the percentage of receivable basis is $5,800. Create the adjusting entry under each basis.
The standard cost of Chocolate Attack Brownies manufactured by Jordan and Taylor includes 8 ounces of cocoa powder at $12.00 per pound. During June, 27,000 pounds of cocoa powder are purchased at a cost of $11.80 per pound and used to produce 53,500 ..
Which of the following describes the environment in internal control?
Which of the following statements is most correct concerning the relationship between a company's cash budget and its income statement
Why are control account balances reported in external financial statements while subsidiary account balances are not? Are subsidiary account balances useful to anyone? Who?
Company produces precision components. Company has 11 customers, one accounts for 60 percent of th esales, with the remaining ten accounting for th rest of the sales. What are the total costs assigned to the large customer and to the ten small custom..
Your current year figures are as follows: Revenues, $150,000; Expenses, $41,000; Depreciation Expense, oops-you still have to figure that out. An investment is expected to generate $2,000,000 each year for five years. If the firm's cost of funds is 5..
The confirmation of a cash balance provides primary evidence regarding which management assertion?
An investor currently has all of his wealth in Treasury bills. He is considering investing 80% of his funds in General Electric, whose beta is 4.50, with the remainder left in Treasury bills. GE has an expected return of 25% and Treasury bills have a..
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