In 1988, when Sherry was 55 years old with an additional life

In 1988, when Sherry was 55 years old with an additional life expectancy of 20 years, she,purchased a single life annuity for $200,000 that was to pay her $15,000 per year for life,starting in 1989. Sherry just received her $15,000 payment for 2011. How much of the,$15,000 must Sherry include in income?,a. 0,b. $5,000,c. $10,000,d. $15,000

Billy’s father owns a controlling interest in Big Top

Billy’s father owns a controlling interest in Big Top Corporation. Billy needed $20,000 to pay,a gambling debt and the corporation made a loan to Billy at no interest for the $20,000. This,transaction can be characterized as:,a. A gift loan to Billy,b. An employment-related loan,c. An arm’s length loan,d. A disguised dividend to the father

25) If a conflict of interest arises prior to entering into a

,25) If a conflict of interest arises prior to entering into a business contract, the parties should,, A. determine the type of conflict and if disclosure of the conflict of interest is sufficient to proceed with the contract, B. stop negotiations immediately and contact a mediator to negotiate the terms of the contract, C. cease and desist because all conflicts of interest are irreconcilable,, D. commence a cooling-off period until the conflict is removed,,

30) Which of the following is an approach to dealing with a

30) Which of the following is an approach to dealing with a bottleneck?,, A. Move things to a faster bottleneck , B. Keep a buffer inventory in front of it to insure that it always has something to work on, C. Use Johnson’s sequencing rules on bottleneck operations , D. Don’t worry about the bottleneck; it will take care of itself , E. Pay an incentive bonus to workers on the bottleneck operation ,

Tighe won a new automobile from his employer for being the top

Tighe won a new automobile from his employer for being the top salesperson in the entire,firm. The auto cost the employer only $34,000 because he purchased a fleet of cars from the,dealer; it had a retail price of $37,000. In addition, Tighe’s employer gave him $5,000 with,which to pay the taxes on the prize. How much must Tighe include in his gross income?,a. $42,000,b. $37,000,c. $35,000,d. $32,000