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question 2

Essay

Use the information for the question(s)below.
Kinston Industries is considering investing in a machine that will cost $125,000 and will last for three years.The machine will generate revenues of $120,000 each year and the cost of goods sold will be 50% of sales.At the end of year three the machine will be sold for $15,000.The appropriate cost of capital is 10% and Kinston is in the 21% tax bracket.
-Assume that Kinston's new machine will be depreciated straight line to a salvage value of $5000 at the end of year three.What is the after-tax salvage value of this project?

Analyze the impact of welfare reform on the welfare rolls and poverty rates.

Examine the effect of economic policies and conditions on poverty.

Understand the factors contributing to income disparity.

Recognize the historical trends in income distribution and poverty rates.

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Definitions:

Roe v. Wade

The landmark 1973 Supreme Court decision that established a woman's legal right to an abortion in the United States.

G-77

A coalition of developing countries established to promote their collective economic interests at the United Nations.

Dependency Theory

Dependency theory is a socioeconomic theory suggesting that resources flow from a "periphery" of poor and underdeveloped states to a "core" of wealthy states, enriching the latter at the expense of the former.

Developed Nations

Countries that have a high level of economic development, industrialization, and standard of living, often characterized by a high Human Development Index (HDI).