Casey transfers property with a tax basis of $2,300 and a fair market value of $6,700 to a corporation in exchange for stock with a fair market value of $5,100 and $780 in cash in a transaction that qualifies for deferral under section 351. The corporation assumed a liability of $820 on the property transferred. Casey also incurred selling expenses of $598. What is the amount realized by Casey in the exchange

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The management of a supermarket wants to adopt a new promotional policy of giving a free gift to every customer who spends > a certain amount per visit at this supermarket. the expectation of the management is that after this promotional policy is advertised, the expenditures for all customers at this supermarket will be normally distributed with a mean of $95 and a standard deviation of $20. if the management wants to give free gifts to at most 10% of the customers, what should the amount be above which a customer would receive a free gift?

China's new 5 percent tax on disposable wooden chopsticks, reflecting concerns about deforestation, has been praised by environmentalists. the move is hitting hard at the japanese, who consume 25 billion set of wooden chopsticks annually. almost all of the chopsticks used in japan come from china. the reuirements for chinese manufacturers of wooden chopsticks to pay the 5 percent tax is a factor in their external environment.