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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?
From the standpoint of the Audio Division, what is the lowest acceptable transfer price for speakers sold to the Hi-Fi Division?
Janice has interest income of $5,000 on certificates of deposit at Second Bank. Janice makes estimated tax payments of $17,000 for 2011.
A company owns a building with a net asset value of $120,000 at December 31, 2011. The building had a five-year remaining life at December 31, 2011. The company also has a revaluation surplus balance of $50,000 in OCI related to this building at Dece..
Nadal Inc. has two temporary differences at the end of 2006. The first difference stems from installment sales, and the second one results from the accrual of a loss contingency. Nadal's accounting department has developed a schedule of future taxabl..
The balance sheet caption for common stock is:
Fogel Co. has $3,000,000 of 8% convertible bonds outstanding. Each $1,000 bond is convertible into 30 shares of $30 par value common stock. The bonds pay interest on January 31 and July 31. On July 31, 2014, the holders of $960,000 bonds exercised th..
For financial reporting, Clinton Poultry Farms has used the declining-balance method of depreciation for conveyor equipment acquired at the beginning of 2010 for $2,560,000. Its useful life was estimated to be six years with a $160,000 residual value..
Litchfield Corporation is a U.S.-based manufacturer of fashion accessories that produces umbrellas in its plant in Roanoke, Virginia, and sells directly to retailers in the United States. As chief financial officer, you are responsible for all ..
What is the new breakeven point if the variable cost increases to $25 per customer per month? c. If 20,000 subscribers will drop their service because of the monthly fee increase in Part (b), will the company still be profitable?
1-determine the missing amounts for each independent case below. assume the amounts given are at the end of the
Both entities charge depreciation at a rate of 10% p.a. on cost in relation to these items. On 31 December 2013, Claire Ltd sold this asset to Anna Ltd for $20,000.
a review of the prior years financial statements the present years budget and januarys source documents produced the
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