What are two major schools of thought about the breakdown of government (according to Ehrenhalt)?
What will be an ideal response?
One argues that breakdown in government performance is an “incompetent people” problem, and the other argues that it is an “evil system” problem.
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Plush Corporation holds 80 percent of Scratch Company's voting common shares, acquired at book values, but none of its preferred shares. At the date of acquisition, the fair value of the noncontrolling interest was equal to 20 percent of the book value of Scratch Company. Summary balance sheets for the companies on December 31, 20X8, are as follows: PlushCorporationScratchCompanyCash and Receivables $75,000 $60,000 Inventory 40,000 30,000 Buildings and Equipment (net) 160,000 110,000 Investment in Scratch Company 80,000 0 Total Assets $355,000 $200,000 Accounts Payable 50,000 $25,000 Preferred Stock 50,000 75,000 Common Stock ($5 par value) 100,000 50,000 Retained
Earnings 155,000 50,000 Total Liabilities and Owners' Equity $355,000 $200,000 Neither of the preferred issues is convertible. Plush's preferred pays a 8 percent annual dividend, and Scratch's preferred pays a 12 percent dividend. Scratch reported net income of $30,000 and paid a total of $10,000 of dividends in 20X8. Plush reported income from its separate operations of $70,000 and paid total dividends of $25,000 in 20X8.Based on the preceding information, what is the consolidated earnings per share for 20X8? A. $4.55 B. $4.35 C. $4.14 D. $4.46
Henderson Corporation is a supplier of alloy ball bearings to auto manufacturers in Detroit. Because of the specialized manufacturing process employed, considerable work-in-process and raw material inventories are created
The average inventory levels are $1,152,000 and $2,725,000, respectively. In addition, finished goods inventory is $3,225,000, and sales (at cost) for the current year are expected to be about $24 million. The inventory turnover that Henderson Corporation is currently expecting is: A) less than 2.0. B) greater than 2.0 but less than 2.5. C) greater than 2.5 but less than 3.0. D) greater than 3.0.
Customers are serviced at a rate of four customers per hour according to an exponential distribution. What is the probability that customer service will require fewer than 30 minutes?
A) less than or equal to 0.50 B) greater than 0.50 but less than or equal to 0.60 C) greater than 0.60 but less than or equal to 0.70 D) greater than 0.70
A message written in indirect order
a. begins with supporting details b. is appropriate for delivering bad news c. is appropriate for delivering good news d. both a and b