_____ are conducted media that can be used for both data and voice transmissions
A) Terrestrial microwaves
B) Broadcast radios
C) Coaxial cables
D) Satellite dishes
C
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The building used in Tim's business was condemned by the city of Lafayette. Tim received a condemnation award of $125,000. He paid $1,200 in lawyer's fees and $800 for an appraisal of the property. Tim's adjusted basis in the building was $60,000. Tim reinvests in similar property costing $110,000, and Tim makes the proper election regarding the property. What is the amount of Tim's realized (not recognized) gain on the condemnation?
A. $65,000 B. $0 C. $50,000 D. $63,000
Adjudication investigates, declares, and enforces liabilities under laws supposed
already to exist. a. True b. False
Which of the following is a simple sentence?
A) If health insurance costs continue to rise, employee copays may increase. B) Having healthy employees decreases the cost of monthly premiums; therefore, we will be implementing a wellness program. C) HMO and PPO insurance plans offer additional cost savings. D) Because we will be reducing employee health insurance benefits, some employees may be unhappy; however, we must make sure that they understand the reason for the change.
An income statement for Sam's Bookstore for the first quarter of the year is presented below:Sam's BookstoreIncome StatementFor Quarter Ended March 31Sales $900,000Cost of goods sold 630,000Gross margin 270,000Selling and administrative expenses Selling$100,000 Administration 104,000 204,000Net operating income $66,000On average, a book sells for $50. Variable selling expenses are $5 per book with the remaining selling expenses being fixed. The variable administrative expenses are 4% of sales with the remainder being fixed.The net operating income using the contribution approach for the first quarter is:
A. $180,000 B. $66,000 C. $270,000 D. $144,000