On january 2, 20x1, blake co. sold a used machine to cooper, inc., for $900,000, resulting in a gain of $270,000. on that date, cooper paid $150,000 cash and signed a $750,000 note bearing interest at 10%. the note was payable in three annual installments of $250,000 beginning january 2, 20x2. blake appropriately accounted for the sale under the installment method. cooper made a timely payment of the first installment on january 2, 20x2, of $325,000 which included accrued interest of $75,000. what amount of deferred gross profit should blake report on december 31, 20x2? a. $150,000b. $172,500c. $180,000d. $225,000

In a macroeconomic context, what are implicit liabilities? money owed to people possessing government issued bonds. the amount of money that firms collectively owe to shareholders. money that the government has promised to pay in the future. payments that the federal government undertakes only during periods of recession. which of the choices is a significant implicit liability in the united states? military spending education spending national science foundation spending social security

Christopher kim, cfa, is a banker with batts brothers, an investment banking firm. kim follows the energy industry and has frequent contact with industry executives. kim is contacted by the ceo of a large oil and gas corporation who wants batts brothers to underwrite a secondary offering of the company's stock. the ceo offers kim the opportunity to fly on his private jet to his ranch in texas for an exotic game hunting expedition if kim's firm can complete the underwriting within 90 days. according to cfa institute standards of conduct, kim: a) may accept the offer as long as he discloses the offer to batts brothers.b) may not accept the offer because it is considered lavish entertainment.c) must obtain written consent from batts brothers before accepting the offer.

With signals from no-claim bonuses and deductibles, a. the marginal cost curve for careful drivers lies to the left of the marginal cost curve for aggressive drivers b. auto insurance companies insure more aggressive drivers than careful drivers because aggressive drivers have a greater need for the insurance c. the market for car insurance has a separating equilibrium, and the market is efficient d. most drivers pay higher premiums than if the market had no signals