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WRD 104 Lecture Notes - Lecture 5: Gale (Publisher), Puerto Ricans, Tom Pendergast

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coppertoad742
28 Jan 2019
School
DePaul University
Department
Writing Rhetoric and Discourse
Course
WRD 104
Professor
Benjamin Lobpries

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Document Summary

As american citizens, we exercise so many rights and privileges that most of us take for granted. For example, as americans when we turn 18 we are eligible to have a say by voting but some of us take advantage of this privilege. Yet, this is not the case for millions of people who live in puerto rico because despite them being legal citizens of the. United states they do not have the luxury to vote. 50 states are eligible to vote in our elections and unfortunately, puerto rico doesn"t make the cut. Puerto ricans deserve to be recognized as a state, instead of just a territory, and have the same benefits/rights that every american is given; citizenship is not enough. On august 21, 1959, hawaii was admitted as the filthiest state of the united. Before hawaii was granted statehood it was only a territory of the u. s. just like puerto rico is to this today since 1898.

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Related Questions

Martin Corporation sells component parts for the electronics industry. Martin Corporation currently sells 160,000 units per year at a price of $6.50 per unit; its variable cost is $4.00 per unit; and fixed costs are $350,000 for the year. Martin is considering expanding into two additional states, which would increase its fixed costs to $570,000 and would increase its variable unit cost to an average of$4.24 per unit. If Martin expands, it expects to sell 250,000 units at $7.10 per unit.

1. How much operating profit (EBIT) is Martin Corporation currently realizing, with a sales volume of 160,000

units per year?

a. What is Martin Corporation

Just prior to a major operation, Cody gives his son, Martin, stock in Robin Corporation (fair market value of $1,581,000 and basis of $2,213,400). At the time of the gift, Cody held some unused capital losses. The surgery is unsuccessful, and after Cody’s death, Martin sells the stock for $2,434,740.

a. What is the income tax result for Martin?

b. What if the gift had not been made and the stock passed to Martin as a bequest from Cody?

Hewlett and Martin are partners. Hewlett's capital balance inthe partnership is $57,500, and Martin's capital balance $54,500.Hewlett and Martin have agreed to share equally in income or loss.Hewlett and Martin agree to accept Black with a 30% interest. Blackwill invest $28,500 in the partnership. The bonus that is grantedto Black equals:

$8,430.

$13,650.

$4,215.

$0, because Black must actually grant a bonus to Hewlett andMartin.

$6,825.