What was the Hays Production Code? Why was it enacted?

What will be an ideal response?


This Code, also known as the Hays Code, was established in 1934 (named after Postmaster General Will H. Hays), as a voluntary measure to control violence, sex and criminal conduct on film. Somewhat controversial in that it was a form of censorship, the Hays Production Code evolved ultimately into the MPAA's voluntary movie rating system in 1968 which focused on disclosure rather than censorship.

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The Craig-Doran Partnership owns inventory that was purchased for $85,000, has a current replacement cost of $54,500, and is priced to sell for $98,000 . At what amount should the inventory be recorded in the accounts of the new partnership if Alexis is to be admitted?

a. $98,000 b. $54,500 c. $85,000 d. $79,167

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How is the attitude toward work life among the Millennial generation (born 1981 to 1999) different from the Traditionalists (born 1925 to 1945), Baby Boomers (born 1946 to 1964), and Generation X-ers (born 1965 to 1980)?

What will be an ideal response?

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Information from a manufacturing company's current year income statement follows. Calculate the company's (a) profit margin ratio, (b) gross margin ratio, and (c) times interest earned.Sales$850,000Cost of goods sold455,000Gross profit$395,000Operating expenses260,000Operating income$ 135,000Interest expense32,000Income before taxes$103,000Income taxes expense12,400Net income$ 90,600

What will be an ideal response?

Business

Although the goals of high employment and economic growth are closely related, policies can be specifically aimed at encouraging economic growth by

A) encouraging firms to invest. B) encouraging people to save. C) both A and B of the above. D) neither A nor B of the above.

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