Although the different articles under the declaration were designed to fit together harmoniously, there is potential tension between the articles that assure freedom of cultural and religious expression and those that assure equality, particularly as they apply to the workplace. Which item below is an example of the potential tension between multiculturalism and human rights.
a. debate over standards of living adequate for health and well-being
b. debate over equal pay for equal work
c. debate over the ban on wearing religious attire in schools and in the workplace
d. debate over personnel laws requiring employment tests
c. debate over the ban on wearing religious attire in schools and in the workplace
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The cost of abnormal continuous losses is
a. considered a product cost. b. absorbed by all units in ending inventory and transferred out on an equivalent unit basis. c. written off as a loss on an equivalent unit basis. d. absorbed by all units past the inspection point.
Aaliyah Turner opened Turner Apple Photography on January 1 of the current year. During January, the following transactions occurred and were recorded in the company's books:1. Aaliyah invested $14,500 cash in the business in exchange for common stock. 2. Aaliyah contributed $30,000 of photography equipment to the business in exchange for common stock. 3. The company paid $3100 cash for an insurance policy covering the next 24 months. 4. The company received $6700 cash for services provided during January. 5. The company purchased $7200 of office equipment on credit. 6. The company provided $3750 of services to customers on account. 7. The company paid cash of $2500 for monthly rent. 8. The company paid $4100 on the office equipment purchased in transaction #5 above. 9. Paid $375
cash for January utilities. Based on this information, the amount of total stockholders' equity reported on the Balance Sheet at the end of the month would be: A. $45,400. B. $40,775. C. $51,200. D. $43,150. E. $52,075.
Which one of the following statements is TRUE?
A. When lenders protect themselves from the risk of asset switching, the firm's WACC can increase. B. An example of an agency cost is when the board of directors pays a dividend to shareholders. C. An example of an agency cost is when an attorney hires an expert witness for a trial. D. An example of asset switching is an option to exchange one piece of real estate for another. E. Lenders can't legally prevent a firm from engaging in asset switching.
Denny Corporation is considering replacing a technologically obsolete machine with a new state-of-the-art numerically controlled machine. The new machine would cost $450,000 and would have a ten-year useful life. Unfortunately, the new machine would have no salvage value. The new machine would cost $20,000 per year to operate and maintain, but would save $100,000 per year in labor and other costs. The old machine can be sold now for scrap for $50,000. The simple rate of return on the new machine is closest to (Ignore income taxes.):
A. 22.22% B. 20.00% C. 7.78% D. 8.75%