Although hank is retired, he is an excellent handyman and often works part-time on small projects for neighbors and friends. last week his neighbor, mike, offered to pay hank $500 for minor repairs to his house. hank completed the repairs in december of this year. hank uses the cash method of accounting and is a calendar-year taxpayer. mike gave hank tickets in december to the big game in january. the tickets have a face value of $50 but hank could sell them for $460. hank went to the game with his son. what is hank's gross income for this year?

Which of the following is not a consideration when determining your asset allocation

Parks corporation is considering an investment proposal in which a working capital investment of $10,000 would be required. the investment would provide cash inflows of $2,000 per year for six years. the working capital would be released for use elsewhere when the project is completed. if the company's discount rate is 10%, the investment's net present value is closest to (ignore income taxes) ?

Horace society is planning its annual western fair raceway gala. the gala committee has assembled the following expected costs for the event: dinner (per person) $10 gaming token and program (per person) $2 prize payouts $4,300 tickets and advertising $800 private box suite rental $1,700 lottery licenses $200 the committee members would like to charge $40 per person for the evening’s activities.required: 1. what is the break-even point for the dinner-dance (in terms of the number of persons who must attend)? 2. assume that last year only 200 persons attended the dinner-dance. if the same number attend this year, what price per ticket must be charged in order to break even? 3. refer to the original data ($40 ticket price per person). prepare a cvp graph for the dinner- dance from zero tickets up to 600 tickets sold.