Using a single queue to feed multiple servers (“a snake line”) is an example of?
a. Keeping customers informed
b. Designing a fair waiting system
c. Keeping customers occupied
d. Grouping customers together
b. Designing a fair waiting system
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A company has 250,000 shares of common shares outstanding, total assets of $5,000,000, and total stockholders' equity $4,000,000 . The ratio of liabilities to stockholders' equity is
a. 0.0625 to 1; b. 0.20 to 1; c. 0.25 to 1; d. 1.25 to 1; e. cannot be determined from the information given.
The accuracy-related penalties typically relate to ____________________on the part of the taxpayer or other understatements of tax.
Fill in the blank(s) with the appropriate word(s).
Daniels, Inc has assets valued at $2 million and 50,000 outstanding shares. A 5-year zero-coupon bond exists, which pays $400,000 at maturity. The bond is convertible into 10,000 shares. Assume ? = 0.30, r = 0.055, and no dividend is paid
What is the value of the bond? A) $402,672 B) $452,172 C) $415,022 D) $385,172
Clark and Lois formed an equal partnership three years ago. Clark contributed cash of $160,000 while Lois contributed land with a $90,000 adjusted basis and a $160,000 FMV. Three years later the land is sold for $210,000. The tax results to Clark and Lois are
A) $25,000 of gain to both Clark and Lois. B) $60,000 of gain to both Clark and Lois. C) $25,000 of gain to Clark and $70,000 gain to Lois. D) $25,000 of gain to Clark and $95,000 gain to Lois.