Mark a calendar year taxpayer, purchased an annuity for $50,000 in 2012. the annuity was to pay him $3,000 on the first day of each year, beginning in 2012, for the remainder of his life. mark's life expectancy at the time he purchased the annuity was 20 years. in 2014 mark developed a deadly disease, and doctors estimated that he would live for no more than 24 months. a. if seth dies in 2015, a loss can be claimed on his final return for his unrecovered cost of the annuity. b. if seth dies in 2015, his returns for the two previous years can be amended to allocate the entire cost of the annuity to the years in which he received payments and reported gross income. c. if seth is still alive at the end of 2014, he is not required to recognize any gross income because of his terminal illness. d. if seth is still alive in 2034, his recovery of capital for that year is $500. e. none of these.

White company has two departments, cutting and finishing. the company uses a job-order costing system and computes a predetermined overhead rate in each department. the cutting department bases its rate on machine-hours, and the finishing department bases its rate on direct labor-hours. at the beginning of the year, the company made the following estimates: department cutting finishing direct labor-hours 6,000 30,000 machine-hours 48,000 5,000 total fixed manufacturing overhead cost $ 264,000 $ 366,000 variable manufacturing overhead per machine-hour $ 2.00 " variable manufacturing overhead per direct labor-hour " $ 4.00 required: 1. compute the predetermined overhead rate for each department. 2. the job cost sheet for job 203, which was started and completed during the year, showed the following: department cutting finishing direct labor-hours 6 20 machine-hours 80 4 direct materials $ 500 $ 310 direct labor cost $ 108 $ 360 using the predetermined overhead rates that you computed in requirement (1), compute the total manufacturing cost assigned to job 203. 3. would you expect substantially different amounts of overhead cost to be assigned to some jobs if the company used a plantwide predetermined overhead rate based on direct labor-hours, rather than using departmental rates?

Can you post a video on of the question that you need on

In a perfectly competitive market, the long-run market supply curve tends to be horizontal or nearly so. what is another way to state this fact? (a) market supply is much more elastic in the long run than the short run. (b) in the long run, average total cost is minimized. (c) in the long run, price equals marginal cost. (d) market supply is much less elastic in the long run than the short run.