Testbank Multiple Choice Question 96 Sheffield Corp. received $102000 in cash and a used computer with a fair value of $318000 from Ivanhoe Company for Sheffield Corp.'s existing computer having a fair value of $420000 and an undepreciated cost of $391200 recorded on its books. The transaction has no commercial substance. How much gain should Sheffield recognize on this exchange, and at what amount should the acquired computer be recorded, respectively? $0 and $289200 $1562 and $194362 $28800 and $318000 $102000 and $391200

If delta airlines were to significantly change its fare structure and flight schedule to enhance its competitive position in response to aggressive price cutting by southwest airlines, this would be an example ofanswers: explicit collusion.tacit collusion.competitive dynamics.a harvest strategy.

Find the interest rate for a $4000 deposit accumulating to $5234.58, compounded quarterly for 9 years

John and daphne are saving for their daughter ellen's college education. ellen just turned 10 at (t = 0), and she will be entering college 8 years from now (at t = 8). college tuition and expenses at state u. are currently $14,500 a year, but they are expected to increase at a rate of 3.5% a year. ellen should graduate in 4 years--if she takes longer or wants to go to graduate school, she will be on her own. tuition and other costs will be due at the beginning of each school year (at t = 8, 9, 10, and 11).so far, john and daphne have accumulated $15,000 in their college savings account (at t = 0). their long-run financial plan is to add an additional $5,000 in each of the next 4 years (at t = 1, 2, 3, and 4). then they plan to make 3 equal annual contributions in each of the following years, t = 5, 6, and 7. they expect their investment account to earn 9%. how large must the annual payments at t = 5, 6, and 7 be to cover ellen's anticipated college costs? a. $1,965.21b. $2,068.64c. $2,177.51d. $2,292.12e. $2,412.76