Larry purchased an annuity from an insurance company that promises to pay him $2,500 per month for the rest of his life. larry paid $240,900 for the annuity. larry is in good health, and he is 72 years old. larry received the first annuity payment of $2,500 this month. use the expected number of payments in exhibit 5-1 for this problem. problem 5-52 part-c c. what are the tax consequences if larry dies just after he receives the 100th payment?

What do you think: would it be more profitable to own 200 shares of penny’s pickles or 1 share of exxon? why do you think that?

Slimwood corporation made sales of $ 725 million during 2018. of this amount, slimwood collected cash for $ 670 million. the company's cost of goods sold was $ 300 million, and all other expenses for the year totaled $ 400 million. also during 2018, slimwood paid $ 420 million for its inventory and $ 285 million for everything else. beginning cash was $ 110 million. carter's top management is interviewing you for a job and they ask two questions: (a) how much was carter's net income for 2018? (b) how much was carter's cash balance at the end of 2016? you will get the job only if you answer both questions correctly.

Mart's boutique has sales of $820,000 and costs of $540,000. interest expense is $36,000 and depreciation is $59,000. the tax rate is 21 percent. what is the net income? $146,150 221,200 105,000 139,050