An employee with an EB-1 visa can apply for U.S. citizenship, usually within ________
A) six months
B) 1 year
C) 4 years
D) 5 years
D
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Which of the following serves as the lender of last resort for credit unions??
A. ?The Federal Deposit Insurance Corporation B. ?The Federal Reserve C. ?National Credit Union Administration's Credit Liquidity Facility D. ?The National Credit Union Share Insurance Fund
Bill Sharpe, owner of Sharper Knives Inc, is closing his business at the end of the current fiscal year. His sole asset, the knife-sharpening machine, is three years old. A depreciation table for the asset is shown below
Bill has agreed to sell the machine at the end of the year for $100,000. What is the impact on taxes from the sale of the machine? (Assume that Sharper Knives claimed a regular depreciation expense in the calculation of income taxes.) The tax rate is 35%. Round your answers to the nearest dollar. Depreciation Table for Knife Sharpener Year Basis Rate Depreciation Expense Accumulated Depreciation 1 $250,000 14.29% $35,725 $35,725 2 $250,000 24.49% $61,225 $96,950 3 $250,000 17.49% $43,725 $140,675 4 $250,000 12.49% $31,225 $171,900 5 $250,000 8.93% $22,325 $194,225 A) $3,264 tax refund from IRS B) $3,264 additional taxes owing to IRS C) $14,236 tax refund from IRS D) $14,236 additional taxes owing to IRS E) $38,264 tax refund from IRS
In vertical integration, control is expanded to two or more successive links of production or distribution.
Answer the following statement true (T) or false (F)
Maruca Corporation has provided the following contribution format income statement. Assume that the following information is within the relevant range. Sales (9,000 units)$270,000Variable expenses 175,500Contribution margin 94,500Fixed expenses 86,100Net operating income$8,400 The margin of safety in dollars is closest to:
A. $86,100 B. $24,000 C. $94,500 D. $8,400