Does it make a difference if the speed is measured in bits or bytes? Why?
What will be an ideal response?
Yes, a byte is equal to eight bits. Speed ratings of 10MB/sec and 10Mb/sec are not the same. Files are typically measured using bytes. Bandwidth, on the other hand, is measured using bits/second.
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Both parties benefit from a gratuitous bailment
Indicate whether the statement is true or false
With the contribution-margin approach to marketing cost analysis, all costs are allocated to products, customers, or other categories.
Answer the following statement true (T) or false (F)
When a person has performed services under an oral contract that cannot be enforced because of the statute of frauds, such person:
A) can recover the agreed payment for the services because a refusal to make payment would be a breach of the contract B) can recover the reasonable value of the services because there is a quasi-contractual duty to pay for the benefit received from such services. C) cannot recover the value of the services because they were rendered under a unilateral mistake of law. D) can have the party receiving the services arrested for obtaining property by false pretenses.
Kraze, Inc., a calendar year domestic corporation, owns 50 percent of the stock of Malik, a calendar year specified foreign corporation. Prior to 2018, Malik has accumulated deferred foreign earnings of $40 million and an aggregate foreign cash position of $5.1 million. Assume Malik paid zero foreign tax on its earnings.a. Calculate Kraze's mandatory inclusion amount for Malik's deferred foreign earnings and its pro rata share of Malik's foreign cash position. b. Calculate Kraze's incremental tax liability on its mandatory inclusion amount. c. Determine Kraze's installment payments of the tax liability on its mandatory inclusion amount. Assume such payments begin in 2017.
What will be an ideal response?