Operating income and tax rates for C. J. Company’s first three years of operations were as follows:

Income _ Enacted tax rate
2020 $400,000 25%
2021 ($1,000,000) 20%
2022 $1,680,000 30%

Assuming that C. J. Company opts to carryback its 2021 NOL, what is the amount of income taxes payable at December 31, 2022?

a. $204,000
b. $504,000
c. $384,000
d. $324,000

Boone brothers remodels homes and replaces windows. ace builders constructs new homes. if boone brothers considers expanding into new home construction, it should evaluate the expansion project using which one of the following as the required return for the project?

Helen tells her nephew, bernard, that she will pay him $100 if he will stop smoking for six months. helen was hopeful that if bernard stopped smoking for six months, he would stop altogether. bernard stops smoking for six months but then resumes his smoking. helen will not pay him. she says that the type of promise she made cannot constitute a binding contract and that, furthermore, it was at least implied that he would stop smoking for good. can bernard legally collect $100 from helen

Jessica thinks that everyone would be better off if financial institutions stopped issuing credit. which statement accurately supports her argument? people would pay less in interest fees. people would have greater protection in case of emergencies. people would need to save for many years to buy a home or open a business. people would support the economy through purchases of more goods and services.