Andy "nard dog" bernard graduated from cornell in may of 2018 with a ba in women's studies. as a graduation gift, nard dog's father, a widower, gave him an old toyota prius because, according to the father, "the ferarri is more your brother's style and the old prius reminds me of you." the prius was originally purchased 8 years ago for $33,000 and today it is worth $16,000.

1. how much of the gift is subject to the gift tax?

2. if andy's father sold the prius for $16,000 and then gave andy the proceeds from the sale, how much of the gift would be subject to federal gift taxes?

3. if andy's father sold the prius for $16,000 and then gave the proceeds from the sale to cornell to pay for andy's graduate school tuition, how much of the gift would be subject to federal gift taxes?

Data pertaining to the current position of forte company are as follows: cash $437,500 marketable securities 170,000 accounts and notes receivable (net) 320,000 inventories 700,000 prepaid expenses 42,000 accounts payable 240,000 notes payable (short-term) 250,000 accrued expenses 310,000 required: 1. compute (a) the working capital, (b) the current ratio, and (c) the quick ratio. round ratios to one decimal place. 2. compute the working capital, the current ratio, and the quick ratio after each of the following transactions, and record the results in the appropriate columns of the table provided. consider each transaction separately and assume that only that transaction affects the data given. round to one decimal place. a. sold marketable securities at no gain or loss, 75,000. b. paid accounts payable, 135,000. c. purchased goods on account, 100,000. d. paid notes payable, 105,000. e. declared a cash dividend, 125,000. f. declared a common stock dividend on common stock, 45,000. g. borrowed cash from bank on a long-term note, 205,000. h. received cash on account, 130,000. i. issued additional shares of stock for cash, 635,000. j. paid cash for prepaid expenses, 15,000.

Our uncle has $300,000 invested at 7.5%, and he now wants to retire. he wants to withdraw $35,000 at the end of each year, starting at the end of this year. he also wants to have $25,000 left to give you when he ceases to withdraw funds from the account. for how many years can he make the $35,000 withdrawals and still have $25,000 left in the end? a. 14.21b. 14.96c. 15.71d. 16.49e. 17.32

Why does the downward-sloping production possibilities curve imply that factors of production are scarce?