Other Expenses and Losses | | | | Interest expense | | | 18,000 | | | | | Income before income tax | | | 323,525 | Income tax | | | 102,000 | Net income | | | $221,525 | Earnings per common share [($221,525 – $9,000) ÷ 80,000] | | | $2.66* | *Rounded TWAIN CORPORATION | Retained Earnings Statement | For the Year Ended June 30, 2014 | Retained earnings, July 1, 2013, as reported | | | $337,000 | Correction of depreciation understatement, net of tax | | | (17,700) | Retained earnings, July 1, 2013, as adjusted | | | 319,300 | Add: Net income | | | 221,525 | | | | 540,825 | Less: | | | | Dividends declared on preferred stock | | $ 9,000 | | Dividends declared on common stock | | 37,000 | 46,000 | Retained earnings, June 30, 2014 | | | $494,825 | PROBLEM 4-4 (Continued) (b) TWAIN CORPORATION | Income Statement | For the Year Ended June 30, 2014 | Revenues | | | Net sales | | $1,485,050 | Dividend revenue | | 38,000 | Total revenues | | 1,523,050 | Expenses | |
Thus, families that had to turn over much of their produce to landlords relied on these girls to send money home. This document comes from an outside source, a Buddhist priest, though, which could affect its truthfulness. In Document nine, Indian workers are described as peasants and farmers who earned low wages and lived in small huts. The speaker of this document was from the British Commission of Labor in India, so it was probably very accurate, coming from a government source. In document five, it is explained that wages are low from the factories because the factory workers are unattached parts of their family and only need to earn enough money to support a single person, not a whole family.
Businesses also suffer when massive layoffs occur. When spending by households decreases, incomes decrease for the businesses. Governments are not immune from the effects of massive layoffs of employees either. When households spend less, and businesses are selling less, there is less sales tax to be collected by the government. Also, when employees are laid off there is less income tax to be collected and to make things even worse, former employees can collect unemployment benefits from the government.
January 2, 2013 http://www.shrm.org/hrdisciplines/benefits/Articles/Pages/Fiscal-Cliff-HR-Provisions.aspx Summers, Nick. The New (Old) Payroll Tax Is Starting to Hit Hard. Business Week 2013. http://web.ebscohost.com.proxy.devry.edu/bsi/detail?vid=12&sid=000cef5f-3625-4328-94bc-31ab7c84f1de%40sessionmgr10&hid=10&bdata=JnNpdGU9YnNpLWxpdmU%3d#db=bth&AN=84844526 Schoen, John. Taxes Are Rising But It Could Have Been More Painful. EconomyWatch.
The unequal distribution of domestic responsibilities has held women back for generations; it still today continues to hinder women’s progression in the work-place. It seems like everyone thinks mum will stay at home and do the dishes, her little boy will grow up to become a big, strong man but not her daughter, of course, she is far too busy washing her own children’s dishes. But it is not just women who suffer sexism, men do also. For example: Shelia’s Wheels sell cheaper car insurance to women only, and they say it's because statistics show women to be safer drivers. Would it would be fair for a bank to offer men better rates on loans if stats showed that men were better at paying back loans than women were, utterly ludicrous.
The minimum wage was far lower than the livable wage, however, welfare reform was expecting people to become independent through these unlivable minimum wages. True independence with minimum wage was never a possibility and the lives of the impoverished only became more dire. Due to the low minimum wage, Ehrenreich was forced to find a second job, even with the advantage of starting with an ample sum of money. Also, like others she met that lacked welfare support, these jobs were in terrible settings. Descriptions of these settings, including no breaks, slippery floors, abundant second-hand smoke, and more, reminds one that the factories of the Industrial Revolution have returned.
((111-106)/106)*111 111-106=5 5/106= 0.0471 0.0471*111= 5% 2. ((234-217)/217)*234 17/217= 0.0783 0.0783* 234= 18.32% Unemployment Rate 1. 2,500 unemployed / 30,000 civilian labor force 2500/30000= 12% 2. 500 unemployed / 30,000 civilian labor force 500/30000= 60% Yield Curve 1. The difference in rates among these bonds is caused by Maturity risk premiums 2.
They’d spend every cent on themselves if I’d only let them. But Bessie spends nothing on herself.” Pg 46 While Mashah is worried about her, buying her own towel and toothbrush, while everyone else has to share. In this day parents are big into their children’s marriages. Reb does not want to let Bessie ho without something in return since he will be loosing all the income. “It’s not enough to take my Bessie without a dowry.
Brandi Cory IDS 101 Masculinity and Femininity Final Essay Question #1 I chose the article by Ann Crittenden titled, “Sixty Cents to a Man’s Dollar,” because I can relate to this article on a personal level. As a woman that grew up in a two parent household and now as a single mother, I witnessed the injustice to women in the workplace. As a small child I watched as my mother and father worked at the same place, doing the same job, yet my mother made less money than my father did. At that time no one really talked about it, it was just “normal” and not many people thought twice about it. Was it because she was a woman or because she was a mother, I am not quite sure, or if it was the combination of the two.
I say this because when her husband told her to pick any one thing in the house to take with her. Out of all the things in the house she took him. It shows me that she isn’t about the materialistic things; she is all about the things that are priceless in her life which was her husband. This story gives me confidence to take matters in my own hands and succeed like Manka did. On the other hand when I finished reading “The Story of an Hour” I was shocked and confused.