Calculate WRM, Inc.'s DAYS PURCHASES IN ACCOUNTS PAYABLE in 20X4 given the following information for the years ended 12/31/20X3 and 12/31/20X4.Round to the nearest whole day. 12/31/20X3 12/31/20X4 Cash $ 24,528 $ 27,564 Accounts Receivable 54,777 70,923 Inventory 109,861 165,225 Accounts Payable 46,858 50,228 Sales Revenues 690,236 805,213 Cost of Goods Sold 403,284 500,385 42 days 90 days 32 days 35 days

What does the consumer price index measure? a. the change in prices of all goods and services over time b. the change in prices of specific goods and services over time c. the change in prices of final goods and services over time

You are chairman of the board of a successful technology firm. there is a nominal federal corporate tax rate of 35 percent, yet the effective tax rate of the typical corporation is about 12.6%. your firm has been clever with use of transfer pricing and keeping money abroad and has barely paid any taxes over the last 5 years; during this same time period, profits were $28 billion. one member of the board feels that it is un-american to use various accounting strategies in order to avoid paying taxes. others feel that these are legal loopholes and corporations have a fiduciary responsibility to minimize taxes. one board member quoted what the ceo of exxon once said: “i’m not a u.s. company and i don’t make decisions based on what’s good for the u.s.” what are the alternatives? what are your recommendations? why do you recommend this course of action?

Bernard made a gift of $500,000 to his brother in 2014. due to bernard’s prior taxable gifts he paid $200,000 of gift tax. when bernard died in 2019, the applicable gift tax credit had increased. at bernard’s death, what amount related to the $500,000 gift to his brother is included in his gross estate?