1. The three fifth compromise

1. Declared that the state would pay three-fifths of the Revolutionary War debt and the federal government would pay the rest.
2. Determined that three out if every fiver slaver would be counted for purposes of representation and taxation.
3. Determine the ratio between free states and slave states.
4. Determined that all American citizens would pay three-fifths of their incomes to the federal government in taxes every year

Consumers in Washington pay twice as much for avocado as they do for cherries. However, in California, avocados and cherries are the same price.

10. What are consumers’ budget lines in these two states? Note: avocados are on the x-axis, cherries are on the y-axis

11. If consumers in both states maximize utility, what will be true about the MRS of cherries for avocados?

+ MRS will be greater in Washington

+ MRS will be greater in California

+ MRS will be the same in Washington and California

Discussion Board 2 Prompt: Chap 18&19 How did the strong, centralized states of the second half of the seventeenth century differ from their fifteenth- and sixteenth-century counterparts? What new powers and responsibilities did seventeenth-century states take on? How might the state-building efforts of European powers in the seventeenth century have contributed to the acceleration of globalization that characterized the eighteenth and nineteenth centuries?

P14.12 (LO 5) (Debtor/Creditor Entries for Continuation of Troubled Debt) Daniel Perkins is the sole shareholder of Perkins Inc., which is currently under protection of the U.S. bankruptcy court. As a “debtor in possession,” he has negotiated the following revised loan agreement with United Bank. Perkins Inc.'s $600,000, 12%, 10-year note was refinanced with a $600,000, 5%, 10-year note.

Instructions

1.     What is the accounting nature of this transaction?
2.     Prepare the journal entry to record this refinancing:

1.    On the books of Perkins Inc.
2.    On the books of United Bank.

3.     Discuss whether generally accepted accounting principles provide the proper information useful to managers and investors in this situation.

Please show how the amount to multiply $600,000 is determined.

Psychologists have discovered that human beings experience several different states of consciousness during the course of a day. For example, people have times when they are especially alert and times when they are awake but not alert, often called "daydreaming." Also, while people are asleep, they experience different stages of sleep, each characterized by different patterns of brain and bodily activity.

In a multi-paragraph essay, discuss the different states of consciousness that you have experienced in the past 24 hours, including any periods when you were asleep, alert, or "daydreaming." Be sure to describe both the brain and bodily activity you experienced during each state of consciousness. Include information from class materials, readings, and research on states of consciousness to support your discussion.

Delicious Dave’s Maple Syrup, a Vermont corporation, has property in the following states: Property State Beginning Ending Maine $ 979,746 $ 1,052,867 Massachusetts $ 143,813 $ 259,053 New Hampshire $ 426,867 $ 326,967 Vermont $ 930,532 $ 964,776 Total $ 2,480,958 $ 2,603,663 What are the property apportionment factors for Maine, Massachusetts, New Hampshire, and Vermont in each of the following alternative scenarios? (Round intermediate calculations and final answers to 2 decimal places.) a. Delicious Dave’s has income tax nexus in each of the states.b. Delicious Dave’s has income tax nexus in each of the states, but the Maine total includes $470,000 of investment property that Delicious rents out (unrelated to its business). c. Delicious Dave’s has income tax nexus in each of the states, but it also pays $57,000 to rent property in Massachusetts.