The following information pertains to maynard corporation’s income statement for the 12 months just ended. the company has an effective income tax rate of 40%.
discontinued operations $(70,000)
extraordinary loss due to earthquake (90,000)
income from continuing operations (net of tax) 72,000
cumulative effect of change in accounting principle 60,000
maynard’s net income for the year is

a. $8,000
b. $(24,000)
c. $12,000
d. $36,000

You own a nonunion company with 93 nonexempt employees. all of these employ- ees pack books into boxes for shipment to customers throughout the united states. because of wide differences in performance, you have decided to try performance appraisal, something never done before. until now, you have given every worker the same size increase. now you want to measure performance and reward the best performers with bigger increases. without any further information, which of the five types of appraisal formats do you think would be most appropriate? justify your answer. do you anticipate any complaints, or other comments, from employees after you implement your new system?