Significant influence over Lennon was achieved by this acquisition. Lennon distributed a dividend of $2.50 per share during 2008 and reported net income of $670,000. What was the balance in the Investment in Lennon Co. account found in the financial records of Pacer as of December 31, 2008? A. $2,040,500 B.
In the United States, social welfare is described as programs that are run by the government, both federal and local, to promote the well-being of the citizens. These programs includes Medicare/Medicaid, Social Security, TANF, ADC, AFDC, etc., which 1Q provide support to individuals whose incomes are not sufficient to maintain an acceptable standard of living. This paper will examine the progression of social welfare system in the United States between 1930s when the Great Depression occurred, up to the present with the signing of the Affordable Care Act into law which makes it easier for uninsured Americans to get coverage. The article also address when social welfare began, why social welfare began and the people and programs that influence or contribute to the existence of social welfare in the United States. Within this article the following will be addressed: 1) important findings, 2) implications of the study, 3) limitations, and 4 recommendations for future research.
ASX & Media Release Thursday 12 September 2013 Myer Full Year Results ending 27 July 2013 Full year total sales up 0.8 percent to $3,145 million Operating gross profit up 1.8 percent to $1,312 million Operating gross margin up 40 basis points to 41.7 percent Net profit after tax down 8.7 percent to $127 million Full year dividend of 18 cents, fully franked FY2013 Financial Highlights Sales Total sales up 0.8% to $3,145 million, up 0.4% on a comparable store sales basis Myer Exclusive Brands sales up $40 million to 20.0% of sales, Concessions up $18 million to 15.4% of sales Operating gross profit Operating gross profit up 1.8% to $1,312 million Operating gross profit margin up 40 basis points (bps) to 41.7% Earnings Cost of doing
Barber argues that society is not serious about American education (The McGraw-Hill Reader, 153-162). In his essay, Barber points out that lawyers get paid about seventy-thousand dollars a year to eighty-thousand a year, and that kindergarten teachers don’t get that same amount, which isn’t fair. Kindergarten teachers are as important as lawyers because after all, they are one of the first people to start children off in the education road. If society really cared about education, then teachers would also be getting paid the same amount as
According to the data from the Ministry of Finance, the highest budget deficit is in the year 2010 (ranging from year 1999 to 2011); 7% of GDP equivalent to USD 13.3 billion. This is due to the continuing effort of Malaysian Government to boost the economy after the financial crisis in late 2008. Figure 1.0 shows the Malaysia Government Budget for the period of 1999 until 2011. The figure shows
Most people have a preconceived notion on how and what Social Security was supposed to do for all citizens. We must take control of our own retirement. Even though people do not save their money any more and rely on the government for more handouts to get by on, most citizens worked and saved their money until they passed on, they made sacrifices to enhance their future, and passed on an easier path for their children. We should not rely on living comfortably on social security because it was set up to give the people in the depression something to look forward to, and it was a supplement to the money a person saved for when he/she could no longer work. Most people have a preconceived notion on how and what Social Security
Discretionary spending is at the discretion of the Congress, where the money can be divided up into however they want. Mandatory spending constitutes 70% of the federal budget while discretionary constitutes the remaining 30%. In comparison to Japan’s budget deficit and government debt the United States is still higher; however, Japan is right under the United States with the second highest government debt in the whole entire world. In comparison, the United States debt is roughly 100% its GDP, the market value of all final goods and services produced within a country each year. Surprisingly, Japans debt is 200% of its total GDP.
income inequality. Sixty-one percent in this ABC News/Washington Post poll think the wealthgap is larger than it’s been historically. And despite longstanding public concerns about activist government, six in 10 also say the federal government should seek to reduce that differential. The public’s concern is buttressed by a recent Congressional Budget Office estimate that the wealthiest 1 percent of Americans have nearly tripled their incomes since 1979, while the bottom 80 percent of earners have seen their share of the nation’s total income slightly decline. This poll, produced for ABC by Langer Research Associates, finds that 37 percent perceive the wealth gap as “much larger” than it’s been; just 5 percent think it’s smaller.
According to the CA Magazine article “Inequality and growth”, it states that the richest of the upper class represent one percent of our population and control over one fifth of our countries earnings, making more than the forty percent of the lower classes earnings combined. According to Ryscavage, this is the largest gap in income between classes since just before the Great Depression in the early 1920’s. (pg.50-54) Marcel Cote, a strategic adviser from Montreal says, “compensation increases awarded to business executives, and salaries paid to top athletes and pop stars, have contributed to inequality at the top end of the income scale.” According to a Pew study released in 2012 listed in the article by Marcel Cote, “wealth inequality has become America’s worst source of tension, causing more distress than race, immigration, age or other social problems.” Some causes of economic inequality are individual behavior within education, technological change/advancements and the pressing issue taxes /welfare. The main question is how does Economic Inequality affect social class? The single most important factor when determining which social class a person will end up in is the amount and quality of education that a person receives; the schools and universities which these people attend.
Teachers Salaries in America Are teachers in America unpaid and underappreciated? I dove deep into this subject and found some shocking responses. I know for a fact that the area I came from (Northwest Indiana) teachers are very much so underpaid. I was raised and educated through the catholic school system, which gets little or no federal funding. Therefore, it is hard for the catholic diocese to pay out big bucks to teachers.