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3 years ago

Affirmative action is a policy of giving preference to those who _____.

Business

2 answers:

telo118 [61]3 years ago

6 0

Answer:

Who have suffered discrimination in the past

Explanation:

Affirmative action is a policy taken/adopted by an authority usually a government backed authority which takes into consideration the color,race,sex and background of a certain group of people who have been unrepresented or discriminated in certain areas of the economy like with jobs, education and politics.

And provide them with more opportunities in a bid to relieve the effects of discrimination on the group of people who have suffered heavy discrimination in the past and even in the present.

GrogVix [38]3 years ago

3 0

Answer:

Those who have historically been discriminated against.

Explanation:

Affirmative action seeks to make up for past inequities by providing more opportunities to those who were passed over before.

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Elway Company purchases land for $85,000 cash. Elway assumes $2,500 in property taxes due on the land. The title and attorney fe

defon

Answer:

c. $90,700

Explanation:

The computation of the cost of the land is shown below:

= Purchase cost of land + property taxes + attorney fees + land graded cost

= $85,000 + $2,500 + $1,000 + $2,200

= $90,700

We added the property taxes, attorney fees, and the land graded cost to the purchase cost of the land. We do not include the parking lot expenses

3 0

3 years ago

question content area for the year ended december 31, orion, inc. mistakenly omitted adjusting entries for $1,500 of supplies th

Oduvanchick [21]

Errors will have a $2,300 overstatement of net income on revenues, costs, and net income.

The amount earned by an individual or business after costs, allowances, and taxes is referred to as net income. Net income in the company is the amount that remains after all costs, such as salaries and wages, the cost of goods or raw materials, and taxes, have been paid.

Net income = Total revenue - total expenses

where,

Total revenue = Unearned revenue = $4,200

Total Expense = Supplies expense + insurance expense = $1,500 + $5,000 = $6,500

Net Income = Total revenue - Total Expenses = $4,200 - $6,500

Net Income = -$2,300

Therefore, there's an overstatement of $2300 in Net Income.

To know more about Net Income, refer to this link:

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6 0

1 year ago

On January 1, 2021, Algerian Delivery had 100,000 shares of common stock outstanding. The following transactions occurred during

defon

Answer:

Algerian Delivery's basic earnings per share for the year ended December 31, 2021 is $3.01

Explanation:

In order to calculate Algerian Delivery's basic earnings per share for the year ended December 31, 2021 we would have to make first the following calculations:

Net Income = $298,750

Calculation of Weighted Average of Number of Equity Shares:

Outstanding on Jan 1 = 100,000*12/12 = 100,000

Less: Treasury Stock 3,100*10/12 = (2,583)

Sold Treasury Shares 3,100*3/12 = 775

New Shares Sold 12100*1/12 = 1,008

Therefore, Weighted Average of Equity Shares during the year = 100,000 - 2,583 + 775 + 1,008 =99,200

Therefore, Basic Earnings per Share = Net Income/Weighted Average of Equity Shares outstanding during the year

= $298,750/99,200 = $3.01

Algerian Delivery's basic earnings per share for the year ended December 31, 2021 is $3.01

6 0

3 years ago

Generally when do glaciers advance downward, causing further erosional landforms? throughout the entire year during colder seaso

melamori03 [73]

Generally, it is during the colder seasons that glaciers tend to advance downward, causing further erosional landforms. Items below are facts regarding Glaciers according from the National Oceanic and Atmospheric Administration (NOAA) who studies the skies and the oceans:

1. Approximately 10 percent of Earth's land is covered with glaciers.

2. Glaciers covered 32 percent of land during the last Ice Age.

3. Glaciers store about 75 percent of the world's fresh water.

4. Antarctic ice is more than 2.6 miles approximately 4,200 meters thick in some areas.

5. If all land ice melted, sea level would rise approximately 230 feet (70 meters) worldwide.

4 0

3 years ago

Family Corporation, a corporation controlled by Buddy's family, redeems all of Buddy's stock. For the redemption to be treate

WINSTONCH [101]

Answer:

C. Buddy cannot be a creditor of the corporation after the redemption.

Explanation:

"A stock redemption that terminates a shareholder’s entire stock ownership in a corporation will qualify for sale or exchange treatment under § 302(b)(3). The attribution rules generally apply in determining whether the shareholder’s stock ownership has been completely terminated. However, the family attribution rules do not apply to a complete termination redemption if the following conditions are met:

The former shareholder has no interest, other than that of a creditor, in the corporation for at least 10 years after the redemption (including an interest as an officer, director, or employee).

The former shareholder files an agreement to notify the IRS of any prohibited interest acquired within the 10-year period and to retain all necessary records pertaining to the redemption during this time period."

Reference: South-Western, Thomson. “Chapter 5.” To Qualify for Sale or Exchange Treatment, a Stock Redemption Generally Must Result in a Substantial Reduction in a Shareholde, 2005,

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4 years ago