-first big action was to sign the Civil Rigts Act of 1964 (for which JFK had fought)
- pushed for war on poverty (especialy in Appalacia)
- domestic program called "Great Society" (like New Dealish economic & wlfare measures)
-won the 1964 election against Repub. Senator Barry Goldwater of Arizona
Also doubled (to 290,000) the number of immigrants allowed to enter annually, while for the first time setting limits on immigrants from the Western Hemisphere (120,000).
Also provided for the admission of close relatives of US citizens, outside those numerical limits. ("Family unification" provisions)
-had effect of immigration shifting heavily from Europe to Latin America & Asia, dramatically changing the racial & ethnic composition of the American population.
Other sets by this creator
Crescent Pharmaceuticals manufactures an over-the-counter allergy medication. The company sells both large commercial containers of 1,000 capsules to health care facilities and travel packs of 20 capsules to shops in airports, train stations, and hotels. The following information has been developed to determine if an activity-based costing system would be beneficial:
Actual production information includes the following:
- Compute the predetermined overhead allocation rate for each activity.
- Use the predetermined overhead allocation rates to compute the activity-based costs per unit of the commercial containers and the travel packs. Round to two decimal places. (Hint-. First compute the total activity-based costs allocated to each product line, and then compute the cost per unit.)
- Crescent's original single plantwide overhead allocation rate costing system allocated indirect costs to products at $153.00 per machine hour. Compute the total indirect costs allocated to the commercial containers and to the travel packs under the original system. Then compute the indirect cost per unit for each product. Round to two decimal places.
- Compare the indirect activity-based costs per unit to the indirect costs per unit from the traditional system. How have the unit costs changed? Explain why the costs changed.
Expansion versus replacement cash flows Edison Systems has estimated the cash flows over the 5 -year lives for two projects, A and B. These cash flows are summarized in the table below.
|Project A||Project B|
|Initial investment||$40,000||$12,000 ^(a)|
|Year||Operating cash inflows|
"After-tax cash inflow expected from liquidation. a. If project A were actually a replacement for project B and the $12,000 initial investment shown for project B were the after-tax cash inflow expected from liquidating it, what would be the relevant cash flows for this replacement decision?
For each of the following entries, enter the letter of the explanation that most closely describes it in the space beside the entry.
H. To record an accrued revenue.
|Unearned Professional Fees||9,000|
|_____11.||Unearned Professional Fees||6,000|
|Professional Fees Earned||6,000|