Antonio owns land held for investment with a basis of $28,000. The city of Lafayette exercises the right of eminent domain and Antonio receives a payment of $48,000. What is Antonio's realized gain?
A. $0
B. $48,000
C. $20,000
D. $28,000
Answer: C
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You want to buy new kitchen appliances 2 years from now, and you plan to save $8,200 per year, beginning one year from today. You will deposit your savings in an account that pays 6.2% interest. How much will you have just after you make the 2nd deposit, 2 years from now?
A. $15,260 B. $16,063 C. $16,908 D. $17,754 E. $18,642
_____ is a private-sector financial accounting standard setter that promulgates accounting standards that are required or permitted to be used in over 100 countries, but has no enforcement powers
a. Financial Accounting Standards Board (FASB) b. International Accounting Standards Board (IASB) c. Public Company Accounting Oversight Board (PCAOB) d. U.S. Securities and Exchange Commission (SEC) e. Governmental Accountability Office (GAO)
Answer the following statements true (T) or false (F)
1. Research studies indicate managers who want to keep volunteers should provide them work deadlines. 2. A volunteer raised $100,000 for a nonprofit organization. The organization paid the volunteer a 10% commission as a reward for his efforts. Paying the volunteer a commission was a legal action. 3. Federal employment laws do not apply to nonprofit staff. 4. Nonprofit organizations may be held liable for discriminatory practices applied by outsourced suppliers. 5. Frederick Taylor’s theory emphasizes procedures with people operating as machines.
In the EOQ model, the order quantity is?
a. d/2 b. d c. Q/2 d. Q