What is the Uniform Athlete Agents Act and what was the impetus behind its enactment?
What will be an ideal response?
The National Conference of Commissioners on Uniform State Laws (NCCUSL) drafted a model law to provide uniform regulation of agents. This was the result of unscrupulous agent activity with regard to student-athletes with remaining eligibility. Working with representatives from the NCAA and professional players associations, the NCCUSL completed the Uniform Athlete Agent Act (UAAA) in 2000 . Over thirty states have adopted the UAAA as of 2005 .
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Clowns-R-Us reported the following in the statement of comprehensive income for the year ended December 31:
Income from continuing operations before tax 850,000 Income tax expense (340,000) Net income 510,000 Other comprehensive income 130,000 Comprehensive income 640,000 During the year, the company paid $105,000 in dividends and purchased treasury stock with a par value of $20,000 at a cost of $95,000. If the balance of Retained Earnings at the beginning of the year was $4,400,000, what is the balance of Retained Earnings at the end of the year? A) $5,145,000 B) $5,050,000 C) $4,805,000 D) $4,710,000
Yolanda owns a flower shop. On the third day after flowers are delivered, she marks down the price 60%. If a bunch of roses originally sold for $26, what is the sale price?
A) $17.40 B) $15.60 C) $12.60 D) $10.40