In a single-server system, if ? = 24 and ? = 30, then L is equal to ________
Fill in the blank with correct word.
Answer: 4 customers
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Determine the amount of income that must be recognized by the taxpayer(s) in the current year for each of the following situations. Explain how you determined the amount that was taxable.
a.Tien sells a parcel of land she held as an investment for $50,000. Tien purchased the land 4 years ago for $28,000. She spent $2,000 grading the land and $6,000 putting in utility lines. Tien receives $16,000 upon closing the sale. The remaining $40,000 is to be received in four annual payments of $10,000 over the next 4 years, with interest at 8% on the outstanding balance. b.Randy receives a $10,000, 6%, bond from his grandfather, Kenneth, for his birthday on September 30. Annual interest is paid on December 31. Randy receives the $600 payment on December 31. c.David is an employee of Fern Leaf Company. David is robbed and knocked unconscious while coming out of a basketball game on December 29. His $550 paycheck is available to be picked up at Fern Leaf on December 30, but David does not regain consciousness until January 3. He picks up the check and deposits it on January 8. d.Angie was shopping at a "flea market" when she saw a painting with a frame that appeared to be quite old. Although the painting was uninteresting, she paid the $35 asking price just to get the frame. When she returned home, she took the old painting out of the frame, intending to throw it away. However, she noticed what appeared to be another painting behind the one she bought. Curious, she took the painting to a friend who is a local art expert. The friend thought the second painting was a lost "Monet" and could be worth millions. Angie sends the painting to a museum in Boston, which confirms that the painting is indeed a lost "Monet." Similar paintings have been selling for $650,000 to $800,000, although the art market is in a down cycle. Angie decides to wait until the art market picks up a bit to sell the painting. What will be an ideal response?
Craft Company's net income last year was $50,000. The company paid preferred dividends of $20,000 and its average common stockholders' equity was $480,000. The company's return on common stockholders' equity for the year was closest to
A) 10.4% B) 14.6% C) 6.3% D) 4.2%
List the financial institutions that serve business, both banking and nonbanking institutions, and discuss their features.
What will be an ideal response?
If the buyer breaches the contract before the goods are completed, the seller can:
A) Complete the goods and resell them. B) Recover damages from the buyer. C) Stop work on the goods and resell them as scrap. D) A, B, and C E) A and B only