Green, a calendar-year taxpayer, is preparing a personal statement of financial condition as of april 30, year 4. green’s year 3 income tax liability was paid in full on april 15, year 4. green’s tax on income earned between january and april year 4 is estimated at $20,000. in addition, $40,000 is estimated for income tax on the differences between the estimated current values and current amounts of green’s assets and liabilities and their tax bases at april 30, year 4. no withholdings or payments have been made towards the year 4 income tax liability. in green’s april 30, year 4, statement of financial condition, what amount should be reported for income taxes?
a $40,000
b $20,000
c $0
d $60,000

Which of the following statements is true? a. financial investment refers to the creation and expansion of business enterprisesb. economic investment refers to the creation and expansion of business enterprisesc. economic investment refers to the purchase of assets such as stocks, bonds, and real estated. both economic and financial investment refer to the purchase of assets such as stocks, bonds, and real estate

Neveready flashlights inc. needs $317,000 to take a cash discount of 3/15, net 70. a banker will loan the money for 55 days at an interest cost of $13,200. a. what is the effective rate on the bank loan? (use a 360-day year. do not round intermediate calculations. input your answer as a percent rounded to 2 decimal places.) b. how much would it cost (in percentage terms) if the firm did not take the cash discount but paid the bill in 70 days instead of 15 days? (use a 360-day year. do not round intermediate calculations. input your answer as a percent rounded to 2 decimal places.) c. should the firm borrow the money to take the discount? no yes d. if the banker requires a 20 percent compensating balance, how much must the firm borrow to end up with the $317,000? e-1. what would be the effective interest rate in part d if the interest charge for 55 days were $7,200?

(a) what was the opportunity cost of non-gm food for many buyers before 2008? (b) why did they prefer the alternative? (c) what was the opportunity cost in 2008? (d) why did it change?