Ketchem corp., a cash basis taxpayer, and catcham corp., an accrual basis taxpayer, are parent-subsidiary corporations. in january-november of year 1, ketchem sold $50,000 of supplies to catcham, which catcham paid for on a 1/20 net 30 basis, always paying on day 20. on december 27 of year 1, ketchem 's december sale of supplies to catcham, ketchem 's taxable income is $600,000 and catcham's is $120,000. how much taxable income should ketchem and catcham report on the year 1 consolidated tax return?

a. $720,000
b. $770,000
c. $74,000
d. $710,000

Suppose that kenji, an economist from an am talk radio program, and lucia, an economist from a school of industrial relations, are arguing over health insurance. the following dialogue shows an excerpt from their debate: lucia: a popular topic for debate among politicians as well as economists is the idea of providing government assistance for health benefits. kenji: i think it is oppressive for the government to tax people who take care of themselves in order to pay for health insurance for those who are obese. lucia: i disagree. i think government funding of health insurance is useful to ensure basic fairness. the disagreement between these economists is most likely due to . despite their differences, with which proposition are two economists chosen at random most likely to agree? lawyers make up an excessive percentage of elected officials. minimum wage laws do more to harm low-skilled workers than them. tariffs and import quotas generally reduce economic welfare.

Winners of the georgia lotto drawing are given the choice of receiving the winning amount divided equally over 2121 years or as a lump-sum cash option amount. the cash option amount is determined by discounting the annual winning payment at 88% over 2121 years. this week the lottery is worth $1616 million to a single winner. what would the cash option payout be?

Hilary works at klothes kloset. she quickly the customers, and her cash drawer is always correct at the end of her shift. however, she never tries to "upsell" the customers (for example, by asking if they would like to purchase earrings to go with the shirt they chose or by suggesting a purse that matches the shoes they are buying). give hilary some constructive feedback on her performance.