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nlexa [21]
3 years ago
14

Heilbroner describes the Civil War as an immense occasion for theft, fraud, and other criminal activity. Abraham Lincoln himself

admitted that he violated the Constitution, as it was then interpreted, by taking most of the capital of the South through his 1862 Emancipation Proclamation. Is it appropriate to characterize all this as "crime"?a No, because the government of the United States had the Constitutional authority to prevent the greatest theft of all -- the theft, which was protected by State governments in the South, of all labor value, wages, capital, and of course personal freedom from the enslaved.b Yes, Lincoln was indeed a thief who stole all the economic power of the South and transported it to the North.c No, Lincoln was not a thief per se, but the criminal invasion of the South by the North was an unprecedented violation of the property rights of white slaveowners who were deprived of the value and of the income of their property.d Yes, a taking is a taking, whether done by an individual or by a government.
Business
1 answer:
Tems11 [23]3 years ago
6 0

Answer:

Lincoln was not a thief, but the criminal invasion of the South by the North was an unprecedented violation of the property rights of white slave owners who were deprived of the value and of the income of their property.

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The firm negotiates a new agreement with its workers for lower wages. The ATC curve should be __________ and the AFC curve shoul
WINSTONCH [101]

Lower; unchanged

  • Average total cost (ATC) in economics is calculated as total fixed and variable costs divided by the number of units produced. The normal shape of the average total cost curve is a U, meaning it drops, bottoms out, and then rises. The total cost of an organization is the sum of its fixed and variable costs.
  • The vertical summation of AFC and AVC must be obtained in order to graph average total costs (ATC). Plot the points as shown on the left after adding the two at each output level. Because it is the result of adding the AFC and AVC curves, the ATC curve is higher than the other two. You can see that it is U-shaped, just like the AVC curve, on the left.

Thus this is the answer.

To learn more about curve, refer: brainly.com/question/25109150

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4 0
2 years ago
The adjusted trial balance for Chiara Company as of December 31 follows.
faust18 [17]

Answer and Explanation:

The preparations are presented below:

a. For income statement

<u>                                          Chiara Company</u>

<u>                                           Income statement</u>

<u>                                      For the year ended Dec 31</u>

Revenues

Fees earned                  $544,000

Interest earned              $30,000

Total revenues                                                              $574,000

Less: expenses

Depreciation expense - Automobiles   $26,000

Depreciation expense- Equipment       $20,000

Salaries expense                                    $187,000

Wages expense                                      $43,000

Interest expense                                    $32,200

Office supplies expense                        $34,200

Advertising expense                              $63,000

Repairs expense - Automobiles           $25,200

Total expenses                                                         ($430,600)

Net income                                                                $143,400

b. For a statement of retained earnings

<u>                                          Chiara Company</u>

<u>                                          Statement of retained earnings</u>

<u>                                            For the year ended Dec 31</u>

Beginning balance of retained earnings $257,220

Add: Net income                                        $143,400

Less: Dividend                                            -$45,000

Ending retained earnings balance              $355,620

c. For balance sheet

<u>                                          Chiara Company</u>

<u>                                        Balance sheet </u>

<u>                                        For the year ended Dec 31</u>

<u>Liabilities & equity            Amount                         Assets          Amount </u>

Liabilities & equity                                              Cash               $132,400

Accounts payable            $98,000          Accounts receivable $50,500

Interest payable               $20,000          Interest receivable $20,800

Salaries payable               $22,000         90 days notes receivable $171,000

Unearned fees                  $28,000         Office supplies              $16,500

Long-term notes payable $144,000       Automobiles 169,000

Common stock                  $26,580        Less:

Retained earnings             $355,620   Accumulated depreciation  

                                                               Automobiles $ 80,000         $89,000

Total liabilities & equity    $694,200  Equipment 140,000

                                                               Less:                                      

                                                               Accumulated depreciation

                                                                Equipment 23,000             $117,000

                                                                Land                                    $79,000

                                                                Total assets                        $694,200

3 0
3 years ago
The following transactions occur for Cardinal Music Academy during the month of October: Provide music lessons to students for $
givi [52]

Answer:

See explanation section

Explanation:

1. Debit     Cash                   $17,000

Credit            Service revenue (music)       $17,000

<em>Note: The academy receives cash by providing music services to the students.</em>

2. Debit     Prepaid Insurance          $4,200

Credit                    Cash                                 $4,200

<em>Note: The academy paid cash in advance to purchase insurance policy.</em>

3. Debit    Musical Equipment           $20,000

Credit                     Cash                                    $20,000

<em>Note: The academy paid cash for acquiring musical equipment.</em>

4. Debit     Cash                              $30,000

Credit             Notes payable                           $30,000

<em>Note: The academy borrowed cash by signing a notes from the bank.</em>

8 0
3 years ago
An investment offers a total return of 11 percent over the coming year. Alex Hamilton thinks the total real return on this inves
Ahat [919]

Answer:

2.87%.

Explanation:

The total return, also refer to as Nominal return or Money return, is based on the nominal interest rate. For example, let's say that you deposited $100 into a bank account and the bank offers you an annual return of 11%. This 11% is the stated interest rate, it is known as nominal interest rate, and it is rate before taking into account the effect of inflation. When we deduct the effect of inflation from nominal rate, it gives us the real rate. Real rate reflects the Purchasing Power. The Fisher equation will be used to determine the expected inflation rate. The Fisher equation is as follows:

                                            (1 + i ) = (1 + r) * (1 + h)

where

i = Nominal (Money) rate

r = Real rate

h = Inflation rate

Simply adjust the equation to calculate the inflation rate;

⇒ h = [(1 + i) / (1 + r)] - 1

OR h = [(1 + .11) / (1 + .079)] - 1 = 2.87%.

8 0
3 years ago
Carmen is in the process of buying a car. She knows she needs a car loan, but she is unsure about which financial institution sh
lakkis [162]
She should take out a loan with a loan of 5 years period. In the cost and benefit term, it would better to take out the shorter loan period because automobile price tends to decrease in the following year after it has been bought. However, Carmen will not be able to fulfill the 4-year loan payment for each month, because the average auto loan interest rate for a person with 620 credit score is 9.48%. Carmen able to pay 7.72% ((48 x 150)-(8,500-3,000))/(8,500-3,000) interest on 4-year loan and 12.72% ((60 x $150)-($8,500-$3,000))/($8,500-$3,000) on 5-year loan<span>. It would be a safe decision to choose the 5-year loan because Carmen still able to pay the loan interest. </span>
3 0
3 years ago
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