What is her gross income for tax purposes
Olga, a cash basis taxpayer, sold a corporate bond with accrued interest of $300 for $10,000. Olga's cost of the bond was $10,000. What is her gross income for tax purposes?
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The Orange Top Cab company has a taxi waiting at each of the four cubstands in Evanston, Illinois. Find the optimal assignment of taxis to customers so as to minimize total driving distances to the customers.
Bleeker Company has the following merchandise account balances: Sales $223,570, Sales Discounts $4,450, Cost of Goods Sold $136,650, and Merchandise Inventory $52,980. Prepare the entries to record the closing of these items to Income Summary.
Currency appreciation Suppose that 1 Danish krone could be purchased in the foreign exchange market for 14 U.S. cents today. If the krone appreciated 10 percent tomorrow against the dollar, how many krones would a dollar buy tomorrow?
The balance in Accounts Receivable was $200,000 at 1/1 and $240,000 at 12/31. At 12/31/10, Smithson estimates that 5% of accounts receivable will prove to be uncollectible. What is Bad Debt Expense for 2010?
Purchasing power parity In the spot market 7.8 Mexican pesos can be exchanged for 1 U.S. dollar. A compact disc cost $15 in the United States. If purchasing power parity (PPP) holds, what should be the price of the same disc in Mexico?
Shortly after 8:00 a.m. (when the workday begins) each morning, Claudia receives a stack of 20 prospective client profiles to review. One of the appropriate response ratios is?
What is the annual inventory turnover? What other techniques does your book suggest (in this and earlier chapters) that might be used to increase inventory turns?
Factory overhead is applied to jobs on the basis of a predetermined overhead rate of $25 per direct labor hour. The direct labor rate is $30 per hour.
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