When calculating the total amount needed to buy a business venture, which of the following would not be included?
a. new inventory
b. three months' operating expenses
c. professional services
d. employee retention
ANSWER: d
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At the beginning of the year, Calvin paid $5,000 for 60 shares of Eddington stock. In June, he received a $300 cash distribution with respect to the stock. His Form 1099-DIV reported that $170 was an ordinary dividend and $130 was nontaxable. Compute Calvin's tax basis in his 60 shares at year-end.
A. $4,870 B. $4,830 C. $5,000 D. $4,700
Answer the following statements true (T) or false (F)
1. The fundamental purpose of German co-determination is to provide national stability and consistency in labor contracts. 2. Codetermination includes employee representation on corporate supervisory boards and workplace level committees appointed by management. 3. Strikes during the life of a contract are illegal in Germany. 4. The German labor relations system has responded to the competitive pressures of globalization by increasing its standardization of contracts within and across industries. 5. For a German works council to be put in place, a labor union must have won representation rights of workers at a given company.
Which of the following ratios would be the poorest indicator of how rapidly the firm's credit
accounts are being collected? A) cash conversion cycle B) accounts receivable turnover ratio C) average collection period D) times interest earned
Procedural due process would require the government to establish a set of fair procedures in all but which of the following cases?
A) Where social security benefits are denied. B) Where a juvenile criminal is sent to a detention home. C) Where a professor is fired from his tenured position. D) Where a college student is denied a private scholarship.