Victor is employed by Appliance Company. All full-time employees are allowed to purchase appliances at the company's cost plus 10%. The employees are also given, at no cost, a one-year service contact on all the goods purchased from the Company. Victor purchased a refrigerator for $500. The Company's normal selling price for the refrigerator is $800. Victor also received a service contract at no charge that had a value of $150. During the year, Victor was required to have his refrigerator serviced once. The cost of the call would have been $75 if he had not had the service contract. Is Victor required to recognize any income from the purchase of the refrigerator, the receipt of the service contract, and the service call

Georgia's gross pay was 35,600 this year she is to pay a federal income tax of 16% how much should georgia pay in federal income ax this year

Your grandmother told you a dollar doesn't go as far as it used to. she says the purchasing power of a dollar is much lesser than it used to be. explain what she means. try and use and explain terms like inflation and deflation in your answer.

You are working on a bid to build two city parks a year for the next three years. this project requires the purchase of $249,000 of equipment that will be depreciated using straight-line depreciation to a zero book value over the three-year project life. ignore bonus depreciation. the equipment can be sold at the end of the project for $115,000. you will also need $18.000 in net working capital for the duration of the project. the fixed costs will be $37000 a year and the variable costs will be $148,000 per park. your required rate of return is 14 percent and your tax rate is 21 percent. what is the minimal amount you should bid per park? (round your answer to the nearest $100) (a) $214,300 (b) $214,100 (c) $212,500 (d) $208,200 (e) $208,400