Freda is a cash basis taxpayer. in 2019, she negotiated her salary for 2020. her employer offered to pay her $21,000 per month in 2020 for a total of $252,000. freda countered that she would accept $10,000 each month for the 12 months in 2020 and the remaining $132,000 in january 2021. the employer accepted freda’s terms for 2020 and 2021. a. did freda actually or constructively receive $252,000 in 2020? b. what could explain freda’s willingness to spread her salary over a longer period of time? c. in december 2020, after freda had earned the right to collect the $132,000 in 2020, the employer offered $133,000 to freda at that time, rather than $132,00

In march 2012, the state of california started requiring that all packaging for food and drink with the additive 4-methylimidazole (4-mi) be clearly labeled with a cancer warning. because of this, both pepsi and coke changed their formula to eliminate 4-mi as an ingredient. if pepsi and coke did not change their formula, holding all else constant, what would have happened to the demand for these goods, assuming pepsi and coke were in a competitive market? a. the demand curve for both pepsi and coke would have shifted to the right, causing the price of both products to decrease and the profits for the companies to fall. b. the demand curve for pepsi and coke would have remained unchanged, but the price of both products would have decreased and the profits for the companies would have fallen. c. the demand curve for pepsi and coke would have decreased, but the prices and profits would not have changed. d. the demand curve for only one of them would change because pepsi and coke are substitutes. e. the demand curve for pepsi and coke would have shifted to the left, causing the price of both products to decrease and the profits for both companies to fall.