Acme inc. and beamer company exchanged like-kind production assets. acme’s asset had a $240,000 fmv and $117,300 adjusted tax basis, andbeamer’s asset had a $225,000 fmv and a $168,200 adjusted tax basis. beamer paid $15,000 cash to acme as part of the exchange. which of the following statements is true? a. acme’s realized gain is $122,700 and recognized gain is -0-.b. beamer’s realized gain is $56,800 and recognized gain is $15,000.c. acme’s basis in its newly acquired asset is $117,300.d. beamer’s basis in its newly acquired asset is $168,200

Why should managers invest any excess cash

Use the information below to answer the following question. the boxwood company sells blankets for $60 each. the following was taken from the inventory records during may. the company had no beginning inventory on may 1. date blankets units cost may 3 purchase 5 $20 10 sale 3 17 purchase 10 $24 20 sale 6 23 sale 3 30 purchase 10 $30 assuming that the company uses the perpetual inventory system, determine the gross profit for the month of may using the lifo cost method.

Areal estate agent is considering changing her cell phone plan. there are three plans to choose from, all of which involve a monthly service charge of $20. plan a has a cost of $.42 a minute for daytime calls and $.17 a minute for evening calls. plan b has a charge of $.52 a minute for daytime calls and $.15 a minute for evening calls. plan c has a flat rate of $80 with 275 minutes of calls allowed per month and a charge of $.38 per minute beyond that, day or evening.a. determine the total charge under each plan for this case: 150 minutes of day calls and 70 minutes of evening calls in a month. (do not round intermediate calculations. round your answer to 2 decimal places. omit the "$" sign in your response.)c. if the agent will use the service for daytime calls, over what range of call minutes will each plan be optimal? (round each answer to the nearest whole number.include the indifference point itself in each answer.)d. suppose that the agent expects both daytime and evening calls. at what point (i.e., percentage of total call minutes used for daytime calls) would she be indifferent between plans a and b?