Which, if any, of the following provisions of the tax law cannot be justified as promoting administrative feasibility (simplifying the task of the IRS)?
a. Penalties are imposed for failure to file a return or pay a tax on time.
b. Prepaid income is taxed in the year received and not in the year earned.
c. Annual adjustments for indexation increases the amount of the standard deduction allowed.
d. Casualty losses must exceed 10% of AGI to be deductible.
e. A deduction is allowed for charitable contributions.
e
RATIONALE: Choices a. through d. aid the IRS in administering the tax laws. Choice e., particularly when trying to value property contributions, will add to the audit effort required by the IRS.
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The Mahan Corporation is considering an investment in a project that generates a profitability index of 1.3 . The present value of the cash inflows on the project is $44,000 . What is the net present value of this project?
a. $10,154 b. $13,200 c. $57,200 d. $33,846
Why would a package require two procedures or functions with the same name?
What will be an ideal response?
When fast food restaurant Tommy's Tacos had poor sales in Central City, marketing managers closed one outlet on the east side of town and opened two new locations on the south side of town. These moves represent
A. strategy policies in the Place area. B. operational decisions in the Place area. C. operational decisions in the Product decision area. D. strategy policies in the Promotion area. E. strategy policies in the Product area.
Amforted is a company that provides various multinational corporations with housekeeping staff on contract basis. Each relationship manager is allotted one client to work with until the contract period is over. In the context of customer relationship management, Amforted most likely establishes _____ with its customers.
A. limited relationships B. partial partnerships C. full partnerships D. distinct relationships