51. On January 2, 2010, Pfizer Co. purchased 22% of Wiley Company’s voting stock for $150,000. During 2010, Wiley recorded income of $102,000 and paid total dividends of $27,000. Pfizer uses the equity method to account for this investment. What is Pfizer’s income from the Wiley investment? $27,000 $28,380 $22,440 $33,000 52.On January 2, 2010, Pfizer Co. purchased 22% […]
81. The following data relates to Lead Company’s estimated amounts for next year. Estimated: Department 1 Department 2 Manufacturing overhead costs $1,200,000 $3,400,000 Direct labor hours 560,000 DLH 780,000 DLH Machine hours 91,000 MH 23,000 MH What is the company’s plantwide overhead rate if direct labor hours are the allocation base?(Round to two decimal places)A. $3.43 per direct labor hour.B. $2.14 per direct […]
31. During Year 3, Carrington Company made the following expenditures relating to plant machinery and equipment: · Continuing, frequent, and low cost repairs $46,000 · Special long-term protection devices were attached to ten machines 11,000 · A broken gear on a machine was replaced 5,000 How much should be charged to repairs and maintenance in Year 3? A. $46,000 B. $51,000 C. $57,000 […]
111. King Products CorporationKing Products CorporationStatement of Financial Position(in thousands) Cash $ 60 $ 50 Marketable securities (at market) 40 30 Accounts receivable (net) 90 60 Inventories (at lower of cost or market) 120 100 Prepaid items Total current assets Long-term investments (at cost) 50 40 Land (at cost) 150 150 Building (net) 160 180 Equipment (net) […]
41. Which organization is most specifically involved in the enforcement of equal employment laws? A. EEOC B. DOL C. OSHA D. DOD An independent federal agency, the EEOC is responsible for enforcing most of the EEO laws, such as Title VII, the Equal Pay Act, and the Americans with Disabilities Act. 42. An individual who feels that he/she has been discriminated against is required to file a […]
31. Strategy formulation involves all but one of the following. Name the exception. A. Defining the firm’s mission and goals B. Assessing the firm’s external opportunities and threats C. Defining the firm’s organizational structure D. Generating various strategic alternatives The task of defining the firm’s organizational structure is an aspect of strategy implementation process. 32. The process that involves allocating resources, developing structures, hiring skilled employees, and […]
151. The balance in Premium on Bonds Payable A. should be reported on the balance sheet as a deduction from the related bonds payableB. should be allocated to the remaining periods for the life of the bonds by the straight-line method, if the results obtained by that method materially differ from the results that would be obtained by the interest methodC. would be added to the related bonds payable […]
112. The proper journal entry to record the purchase of $25,000 of raw materials on account would be: A. Jan 2 Raw Material Inventory 25,000 Accounts Receivable 25,000 B. Jan 2 Raw Material Inventory 25,000 Accounts Payable 25,000 C. Jan 2 Inventory 25,000 Accounts Receivable 25,000 D. Jan 2 Inventory 25,000 Cash 25,000 113. Select the proper journal entry to record the movement of […]
188. The balances for the accounts of Lance’s Consulting Firm, Inc. for the year ended December 31 are shown below. Each account shown had a normal balance. Accounts payable$ 6,400Wages expense$35,000 Accounts receivable 7,000Rent expense 5,000 Cash 10,000Retained earnings 68,700 Office supplies 1,000Land 53,000 Building 99,000Unearned revenue 7,000 Supplies expense 15,000Dividends 20,000 Consulting revenue 150,000Common stock 12,900 Calculate net income. […]
11) Which of the following is NOT a part of financing activities? A) Paying dividends B) Issuing stock C) Paying off loans D) Buying land 12) Operating cash flows affect: A) current assets and current liabilities. B) long-term asset accounts. C) equity accounts. D) long-term liability accounts. 13) Investing cash flows affect: A) current assets and current liabilities. B) long-term asset accounts. C) equity […]
The protection of personal and confidential information is tremendously important to U.S. citizens and organizations. The security of a private citizen's information and personal effects is specifically addressed in the Constitution and in the Bill of Rights. In modern times, the Internet has provided a venue where information about individual users is gathered, stored, analyzed, and reported. This information is sometimes used by organizations to make better tactical and strategic business decisions. Considering the large amounts of data collected by the government and private industries, there are huge gaps in existing protection laws.
Review the article "Is Privacy Possible in 2020?" or select another case and provide the link to it in your writing and on the reference page.
Write a 3–5 page paper based on the information from the above link with supporting research activities. You may also use the information in the text (without plagiarizing), or other resources. Complete the following:
1. Identify and briefly describe 2–3 laws enacted to protect citizens' privacy and intellectual property rights.
2. Identify the organizations responsible for enforcement or monitoring compliance with those laws.
3. Discuss 2–3 systems that gather data that citizens fear is being misused.
4. The European Union (EU) designed the General Data Protection Regulation (GDPR) to strengthen the protection of citizens' data. Discuss the pros and cons of its use in comparison to the protections present in U.S. law or regulations.
5. Provide suggestions or recommendations of mitigations that citizens can use to protect themselves from possible loss or misuse of personal or intellectual information.
6. Use at least three quality resources in this assignment. Note: Wikipedia and similar websites do not qualify as quality resources. The Strayer University Library has many excellent resources.
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