Hiram is a computer engineer and, while unemployed, invents a switching device for computer networks. he patents the device, but does not reduce it to practice. hiram has a zero tax basis for the patent. in consideration of $800,000 plus a $1 royalty per device sold, hiram assigns the patent to a computer manufacturing company. hiram assigned all substantial rights in the patent. which of the following is correct? a. hiram automatically has long-term capital gain from the lump sum payment, but not from the royalty payments. b. hiram automatically has long-term capital gain from the royalty payments, but not from the lump sum payment. c. hiram automatically has long-term capital gain from both the lump sum payment and the royalty payments. d. hiram does not have automatic long-term capital gain from either the lump sum payment or the royalty payments.

ernst's electrical has a bond issue outstanding with ten years to maturity. these bonds have a $1,000 face value, a 5 percent coupon, and pay interest semiminusannually. the bonds are currently quoted at 96 percent of face value. what is ernst's pretax cost of debt?

Companies in the u.s. car rental market vary greatly in terms of the size of the fleet, the number of locations, and annual revenue. in 2011 hertz had 320,000 cars in service and annual revenue of approximately $4.2 billion. the following data show the number of cars in service (1000s) and the annual revenue ($ millions) for six smaller car rental companies (auto rental news website, august 7, 2012). excel file: data14-09.xls if required, enter negative values as negative numbers. a. select a scatter diagram with the number of cars in service as the independent variable. b. what does the scatter diagram developed in part (a) indicate about the relationship between the two variables? c. use the least squares method to develop the estimated regression equation (to 3 decimals). ŷ = + x d. for every additional car placed in service, estimate how much annual revenue will change. by $ e. fox rent a car has 11,000 cars in service. use the estimated regression equation developed in part (c) to predict annual revenue for fox rent a car. round your answer to nearest whole value. $ million hide feedback partially correct

Amap from a trade development commission or chamber of commerce can be more useful than google maps for identifying