Both Carnegie and Rockefeller
were the biggest businessmen and the riches in the 20th century. After
all their great amount of profits garnered, both had individually decided to embark
in a journey of charities. Carnegie had charity contributions that were made
into school such as the Carnegie Institution, Tuskegee Instituion, and a lot
more. He was dubbed as the patron saints of libraries and decided to set up
more charitable foundations. Rockefeller on the other had a lot of charities
and activities that gave away his excess money into charitable causes. He too
had built schools by starting to build University of Chicago.
But with all their
charitable and business contributions, I would say I like Carnegie more because
it gave away of a lot of technologies we know of today and he is working on a
principle he deeply believes in that after gaining your wealth you should contribute
this wealth for the general welfare. However, Rockefeller too was great and
focused his contributions on public service.
The entry to record this event would include a LOSS OF $40,000.
The equipment original cost = $420,000
Accumulated depreciation = $200,000
Selling price = $180,000
Loss = 180,000 - [420,000 - 200,000]
= 180,000 - 220 = - 40,000
Thus, a loss of $40,000 was experienced in the sale of the equipment.
Answer:
C) The federal budget deficit is the year-to-year short fall in tax revenues relative to government spending (T < G + TR), financed through government bonds. The federal government debt is the accumulation of all past deficits.
Explanation:
Budget Deficit by definition is the shortfall in the budget as spending exceeds the budgeted tax revenues for the governments. They are indeed funded by government borrowing by issuing of bonds and borrowing money from the federal reserve.
The federal government debt or also called the national debt is the net accumulation of all the borrowed amount that is used by the government to deficit finance the budget in the current year and the previous years.
In return if a budget in a year turns surplus, that is the spending is less than revenue, it can help lower the national debt if the government policies allow.
Hope that helps.
A law that makes illegal an act that was legal when committed, hope this helps.
Answer:
Indirect labor
Explanation:
The indirect labor is the labor that supports the process of the production but it is directly not inlvolved in the conversion of products i.e. from raw material to the finished goods
So as per the given situation some particular workers assigned the unpacking the production material task that collected from suppliers so this represent the indirect labor
hence, the same is to be considered
