ARTS 1 Quiz: ARTS1 Quiz

Junkyard Arts, Inc., had earnings of $316,000 for 2016. Thecompany had 40,000 shares of common stock outstanding during theyear. In addition, the company issued 15,000 shares of $50 parvalue preferred stock on January 9, 2016. The preferred stock has adividend of $1.60 per share. There were no transactions in eithercommon or preferred stock during 2016. Determine the basic earningsper share for Junkyard Arts.

Examine the U.S. Government's support during the Great Depression for programs, such as the Federal Arts Project, the Federal Writers' Project, and other such efforts. Determine whether or not such projects were good government investments during those hard times, and provide two (2) examples that support your viewpoint. Determine in what ways the U.S. government currently tries to support the arts.

How do economists measure the output of cultural industries? What special challenges are posed by the product being the arts?