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

After graduation, you plan to work for dynamo corporation for 12 years and then start your own business. you expect to save and deposit $7,500 a year for the first 6 years (t = 1 through t = 6) and $15,000 annually for the following 6 years (t = 7 through t = 12). the first deposit will be made a year from today. in addition, your grandfather just gave you a $32,500 graduation gift which you will deposit immediately (t = 0). if the account earns 9% compounded annually, how much will you have when you start your business 12 years from now?

You have recently been made a department head of the new regional office. in getting to know your departmental staff, you have noticed that one of your inexperienced employees is not following through on assigned tasks. she is enthused about her new job and wants to get ahead in the organization. which alternative represents the most effective leadership style: a. discuss the lack of follow-through with her and explore thealternative ways this problem can be solved. b. specify what she must do to complete the tasks but incorporate any suggestions she may have. c. define the steps necessary for her to complete the assigned tasks and monitor her performance frequently. d. let her know about the lack of follow-through and give hermore time to improve her performance.

Evaluate a real situation between two economic actors; it could be any scenario: two competing businesses, two countries in negotiations, two kids trading baseball cards, you and another person involved in an exchange or anything else. use game theory to analyze the situation and the outcome (or potential outcome). be sure to explain the incentives, benefits and risks each face.