Harkin Company purchased a building on a tract of land and allocated the entire cost of the purchase to building. Normally it depreciates buildings over 20 years using the straight-line method with zero residual value and does not depreciate land. Because of its accounting treatment of the purchase, Harkin's income before taxes for the next 20 years will be

Webster Industries has a unionized workforce. Fredrick's job of operating a stamping machine has been eliminated by technological advances, but the union is requiring Webster to pay Fredrick for the work he would have performed had the machine still been in operation. This requirement is a violation of:

a. the Norris-LaGuardia Act. b. the Labor-Management Relations Act. c. the National Labor Relations Act. d. no labor law; it is just a result of lawful, effective union negotiation.

A company decides to launch a new credit program. Before offering credit to customers, monthly sales were $63,000. With the new program, sales increased 10 percent. The monthly cost of managing the program is $7,000. The company is unable to collect 2 percent of total monthly sales due to poor customer credit

Calculate the monthly profit or loss resulting from implementing the credit program.