James is the sole proprietor of a ship building organization. As he reaches the end of his days and considers his
sizable legacy, his mind touches upon things that he wishes to pass on to his children after his death. In order to
attain the best tax advantage, what will his lawyer most likely advise him to do?
a. Sell the ship building concern and pass the money on as cash. He'll only lose about 60 percent of it in estatetaxes.
b. Sell the ship building concern to the government in order to get twice the market value for it and then pass onthe windfall.
c. Convert the sole proprietorship to a limited liability company and list it in his will as handed down to his heirs.
d. List the sole proprietorship in his will as passing to his heirs.
c
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A company purchased new furniture at a cost of $16,000 on September 30. The furniture is estimated to have a useful life of 5 years and a salvage value of $2200. The company uses the straight-line method of depreciation. How much depreciation expense will be recorded for the furniture for the first year ended December 31?
A. $3110 B. $910 C. $690 D. $230 E. $800
Chairman Cat Products produces cat trees that are sold by several large pet stores. They sold 190, 210, and 208 cat trees in January, February, and March, respectively. Assuming that the first forecast value (for January) is set to 190, what is the exponential smoothing forecast for March? Assume a smoothing constant value of 0.4.
a. 190 b. 198 c. 202 d. Cannot be determined from the information given
The skills needed to speak in ______ share much in common with the skills needed to speak before any audience.
Fill in the blank(s) with the appropriate word(s).
Which of the following companies was one of the early adopters of consumer ratings??
A. ?Facebook B. ?Yelp C. ?MySpace D. ?Amazon E. ?SocialLiving