Ketchem corp., a cash basis taxpayer, and catcham corp., an accrual basis taxpayer, are parent-subsidiary corporations. in january-november of year 1, ketchem sold $50,000 of supplies to catcham, which catcham paid for on a 1/20 net 30 basis, always paying on day 20. on december 27 of year 1, ketchem 's december sale of supplies to catcham, ketchem 's taxable income is $600,000 and catcham's is $120,000. how much taxable income should ketchem and catcham report on the year 1 consolidated tax return?

a. $720,000
b. $770,000
c. $74,000
d. $710,000

Auniversity spent $1.8 million to install solar panels atop a parking garage. these panels will have a capacity of 400 kilowatts (kw) and have a life expectancy of 20 years. suppose that the discount rate is 20%, that electricity can be purchased at $0.10 per kilowatt-hour (kwh), and that the marginal cost of electricity production using the solar panels is zero. hint: it may be easier to think of the present value of operating the solar panels for 1 hour per year first. approximately how many hours per year will the solar panels need to operate to enable this project to break even? a. a.3,696.48 b.14,785.92 c.9,241.20 if the solar panels can operate only for 8,317 hours a year at maximum, the project (would/would not)break even?

1. gar principles or "the principles"are intended to do what? a. foster an awareness of the hierarchical structure of the organization b. explain the best method of implementing biometric security techniques c. foster an awareness of the importance of good employee training d. foster an awareness of getting upper level management on board in understanding the need to implement an ig program e. foster an awareness of good record keeping principles

Suppose an economy consists of three sectors: energy (e), manufacturing (m), and agriculture (a). sector e sells 70% of its output to m and 30% to a. sector m sells 30% of its output to e, 50% to a, and retains the rest. sector a sells 15% of its output to e, 30% to m, and retains the rest.