On May 1, Melany contributed $7,000 and property, with an adjusted basis of $9,500 and a FMV of $11,500, for a 15% share of partnership Joseph's Jamboree. What is her beginning basis

Which of the following contributes to the lag in implementing fiscal policy? It takes time for Congress and the president to pass spending and tax changes. Current economic data takes time to collect and analyze.

A firm has a choice of raising or lowering its price. If the firm wishes to increase the revenues (the price times the quantity sold), what should it do? a. Raise price when demand is elastic, because the quantity demanded will increaseb.

Micron owns 35% of Martok. Martok pays a total of $47,000 in cash dividends for the period. Micron's entry to record the dividend transaction would include a: Credit to Long-Term Investments for $16,450. Debit to Long-Term Investments for $16,450.

Calvert city's police officers must successfully pass a test to be promoted. The test was job related and professionally developed and validated.

Which of the following is a difference between programmed decisions and nonprogrammed decisions? a. Unlike nonprogrammed decisions, programmed decisions are made in response to recurring organizational problems. b.

Caesar, a single taxpayer, has a wage income of $75,000. He also has a short-term capital loss of $5,000, a short-term capital gain of $2,000, and a long-term capital gain of $3,000. What is Caesar's AGI for 2019? a) $72,000. b) $75,000. c) $77,000.

Ben's Border Café is considering a project which will produce sales of $16,000 and increase cash expenses by $10,000. If the project is implemented, taxes will increase from $23,000 to $24,500 and depreciation will increase from $4,000 to $5,500.

Taco Hut purchased equipment on May 1, 2018, for $15,000. Residual value at the end of an estimated 8-year service life is expected to be $4,000.

Seed Packets, Inc., a garden seed company, requires its customers to pay by check. Taylor, a Seed Packets driver, tells customers that they can pay her with cash. When Seed Packets learns of Taylor's collections, it does not act to stop them.

A restaurateur visits two restaurants with themes similar to his and prices his menu to approximate the prices charged for similar dishes at the other restaurants. What type of menu pricing tactic is he using