Suppose that Hickory Manufacturing, Inc., a corporation headquartered in North Carolina, believes that it is entitled to a $24,700 federal tax refund, and that the Internal Revenue Service (IRS) has wrongfully refused to issue the refund. If Hickory Manufacturing elects to sue the United States (the IRS is a federal administrative agency) to recover the refund, it must pursue the matter:

A. in federal court, since the United States is a party to the litigation.

B. in North Carolina state court, since the company is headquartered in North Carolina.

C. through binding arbitration, non-binding arbitration, or mediation, since the United States has governmental immunity in the court system (although it does allow claims against the federal government to be pursued via alternate dispute resolution).

D. in United States Tax Court, since the dispute involves a tax matter.

Answers

Answer 1

Answer:

If Hickory Manufacturing elects to sue the United States (the IRS is a federal administrative agency) to recover the refund, it must pursue the matter:

D. in United States Tax Court, since the dispute involves a tax matter.

Explanation:

The United States Tax Court is the federal trial court of record for tax disputes. It is like a tribunal, which is inferior to the Supreme Court.  It was established by Congress, under Article I of the Constitution in 1969, to hear tax matters and adjudicate tax disputes.  Appeals are made directly, from this court, to the appeal court, before the matter can be dragged to the US Supreme Court.


Related Questions

Suppose that Merck (MRK) stock is trading for $36.70 per share with 2.11 billion shares outstanding while Boeing (BA) has 697.5 million shares outstanding and a market capitalization of $38.223 billion. Assume that you hold the market portfolio. Merck's market capitalization is closest to: _________

a. 330 shares.
b. 240 shares.
c. 780 shares.
d. 510 shares.

Answers

Answer:

the question asks one thing, but the options are not even close:

market capitalization = total stocks outstanding x market price per stock

Merck's market capitalization = 2.11 billion stocks x $36.70 = $77.437 billion

Market capitalization is about money, not the number of shares. It represents the market value of a company's equity.

One factor that affects the elasticity of demand for labor is its share of total production costs. The greater labor's share of production costs, the___________ elasticity of demand for labor. The year is 2035. In many occupations, robots are replacing humans. As it turns out, robots make very good factory workers but very poor ski instructors. Assuming the other determinants of demand for the two services are roughly similar, you would expect the demand for human ski instructors to be__________ the demand for human factory workers.

Answers

Answer:

The greater labor's share of production costs, the higher elasticity of demand for labor.

When labor costs are a high share of total production costs, the elasticity of labor demand is higher. For example, customer service jobs like fast foods, or gas pumping, have high labor costs as a percentage of total production costs, and these sectors have a very elastic labor demand.

you would expect the demand for human ski instructors to be less elastic the demand for human factory workers.

In the year 2035, with robots having replaced most humans in factory jobs, occupations such as ski instructor, or dance instructor, or musician, would have a low labor demand elasticity because these skills are not easily learned, or easily replicated by a robot, meaning that the humans specialized in those jobs will be more demanded, and the demand for their labor will be more stable.

What type of security can be used to minimize both the risks for an investor with a fixed investment horizon? Explain.

Answers

Answer:

Zero coupon Treasury bond with a duration equal to the investors investment horizon.

Explanation:

Zero coupon Treasury bond is also called Treasury Zero and the face value of the bond is paid on maturity.

They do not pay interest periodically or coupon payment. Thus the name zero coupon.

This is in contrast to other bond types that make periodic payment of interest and then recieved face value at maturity.

Zero coupon Treasury bond minimises risk for the investor because the government always pays it's obligations.

The agreed value at maturity is not subject to market forces and other economic factors.

In this scenario when the zero coupon treasury bond has the same duration as investor investment horizon it minimises his risk compared to other bond types

Suppose a tax of $5 per unit is imposed on a good, and the tax causes the equilibrium quantity of the good to decrease from 200 units to 100 units. The tax decreases consumer surplus by $450 and decreases producer surplus by $300. The deadweight loss from the tax is:______

Answers

1-¿Dónde se desarrolla la acción? ( País, zona urbana o rural)

Vancouver, Columbia Británica en minessota

2-¿ Por qué se llama así la protagonista?

3-¿Con quién convive? ¿ a qué se dedica?

Con su padre y su madrastra

4-¿ Qué mueble aparece al principio, el cual tiene su importancia en la

trama?

5-¿ Qué es lo primero que piensa hacer la protagonista cuando se entera

de que está embarazada? ¿ por qué se echa para atrás?

6-¿Dónde busca a la pareja para adoptar a su hijo?

7- Cuando está en casa de la pareja, la abogada le habla de

“compensaciones” ¿ a qué crees que se refiere?

8-¿Qué es la maternidad subrogada? ¿es legal en España? ¿ y en Estados

Unidos? Infórmate al respecto. ¿ qué famosos españoles están ahora en

juicio por un caso de paternidad subrogada?

9-¿Cómo es la relación de Juno con el marido de la futura madre de su

hijo? ¿Qué personalidad tiene este personaje ( el marido)? ¿ qué acaba

haciendo?

10- ¿Qué te parece el personaje del chico que deja embarazada a Juno?

¿Cómo acaba su relación con él? ¿ Qué crees que harías en una situación

parecida?

If the marginal product of labor is always positive, the total revenue will grow with each additional worker. Firms do not continuously hire new workers because: ________

Answers

Answer:

A sound firm hires input(workers) in as much as marginal benefit from it is greater than marginal cost of it. The hiring is done till both become equal(MB=MC). Since Marginal Product Labor is always positive, total revenue will rise.

However, Firms do not continuously hire new workers because of the reason below:

a. Marginal cost exists and is positive. When value of marginal product of labor becomes less than marginal cost (Wage), it is not profitable to hire more labor. This is loss making.

b. Hiring is done till VMPL > Wage.

One of the world's most-recognizable franchisers is McDonald's. Advantages of franchising in global markets include:_______

a. the lack of any long-term commitments in the business arrangement.
b. a guarantee of a specific level of quality.
c. tight control needed to realize experience curve or location economies.
d. forgoing the development costs and risks associated with opening up a foreign market.

Answers

Answer:

d. forgoing the development costs and risks associated with opening up a foreign market.

Explanation:

Franchise is a license consisting of a contractual arrangement between a parent company and another, that allows individuals or an organization access to its knowledge, processes, trademarks in order to provide a service.

One of the world's most-recognizable franchisers is McDonald's. Advantages of franchising in global markets include forgoing the development costs and risks associated with opening up a foreign market.

This ultimately implies that, franchisers such as McDonald do not require additional capital and development expenses to have their businesses being situated in a foreign market or country, as they only required to issue licenses to franchisors who are interested in being part of their business by paying a fee.

Which of these states had a flat state income tax in 2009

Answers

A. Michigan is the answer

Zero Corp's total common equity at the end of last year was $350,000 and its net income was $70,000. What was its ROE

Answers

Answer:

ROE = 20%

Explanation:

Given:

Common equity = $350,000

Net income = $70,000

Find:

ROE

Computation:

ROE = [Net income/Common equity]100

ROE = [$70,000/$350,000]100

ROE = 20%

Discuss whether or not demand for laser eye surgery will become more inelastic over time

Answers

Price elasticity of demand is referred to as the tool that measures the sensitivity of the quantity demanded and the price of the products and services. The moment when the price rises the quantity demanded falls and vice-versa happens in the other moment.

The demand for laser eye surgery will be more demanded or demand will be inelastic because as we advance in technology more people will start to use these new electronics so many people with get their eyesight ruined by the constant blue light their eyes are receiving which will lead to people getting laser eye surgery to fix their damaged eyes.

To know more about the inelastic demand for laser eye surgery, refer to the link below:

https://brainly.com/question/13450393

If you earned a 2.6% return on your savings with a 25% tax rate, what is your after-tax rate of return?

Answers

Answer: 1.95%

Explanation:

Your after-tax return can be calculated by the formula;

= return * ( 1 - tax rate)

= 2.6% * ( 1 - 25%)

= 1.95%

A wholesaler who takes over the whole marketing job nationally for one or a few manufacturers is called a:__________. a. merchant wholesaler. b. manufacturers' agent. c. specialty wholesaler. d. broker. e. selling agent.

Answers

Answer:

e. selling agent.

Explanation:

A selling agent is a person that acts on behalf of businesses to find buyers or sell property or goods.

Therefore, a wholesaler who takes over the whole marketing job nationally for one or a few manufacturers is called a selling agent.

Joseph will start school on 9/1/14. He is expected to attend school for four years and will need to pay tuition of $50,000 on September 1st of each year. His uncle wants to make an investment on 9/1/10 that will provide sufficient funds for four years of tuition. Assuming he can earn 5% annually, how much must invest on 9/1/10.?

a. $27,282
b. $37,976
c. $104,167
d. $200,000
e. $153,156

Answers

Answer:

e. $153,156

Explanation:

From 9/1/14, he needs $50,000 every year for 4 years to fund the tuition fees. Therefore, present value of the amount needed at 9/1/14 using the Present value of annuity due formula

= 50,000 * {1+ (1/(1.05)^4) } / 0.05 * (1.05)

= $186,162

$186,162 is the amount needed after 4 years. Amount you need to invest today to have this amount in four years = $186,162/(1.05)^4 = $186,162/1.21550625 = $153,156.40

Ariel Tax Planning Service has the following plant​ assets: Communications​ equipment: Cost, with useful life of 8​ years; Furniture:​ Cost, with useful life of 12​ years; and​ Computer: Cost, with useful life of 4 years. Assume the residual value of all the assets is zero and the straightline method is used. ​Ariel's monthly depreciation journal entry will include a​ ________.

a. credit to Accumulated Depreciation of $481
b. credit to Depreciation Expense of $5,772
c. debit to Accumulated Depreciation of $481
d. debit to Depreciation Expense of $5,772

Answers

Answer: a. credit to Accumulated Depreciation of $481

Explanation:

Find the monthly depreciation on all the assets;

Communications Equipment

= 9,600 / (8 years * 12 months)

= 9,600/96

= $100

Furniture

= 17,424 / (12 * 12)

= 17,424/144

= $121

Computer

= 12,480 / (4 * 12)

= 12,480/48

= $260

Add that up;

= 260 + 121 + 100

= $481

This figure will be debited to the depreciation expense account every month and credited to the Accumulated depreciation account to account for the reduction in Asset value.

The following table shows the approximate value of exports and imports for the United States from 1997 through 2001.


Complete the table by calculating the surplus or deficit both in absolute (dollar) terms and as a percentage of GDP. If necessary, round your answers to the nearest hundredth.

Answers

Answer:

Year       Exports - Imports          Percentage of GDP

1997        -101.4                            1.22%                      

1998        -161.8                            1.84%

1999        -262.1                           2.80%  

2000       -382.1                           3.84%

2001         -371                              3.61%

We can see that the deficit in grew every year except for the year 2001, when it was reduced a bit. This was because the U.S. began to import more goods than it exported.

The completion of the table with the calculation of the surplus or deficit is as follows:

Year          GDP        Exports    Imports     Exports - Imports = Surplus /Deficit

              Billions       Billions     Billions      Deficits     Percentage of GDP

1997       $8,332.0   $954.4    $1,055.8     ($101.4)           1.22%

1998      $8,794.0   $953.9      $1,115.7      ($161.8)           1.84%

1999     $9,354.0    $989.3    $1,251.4      ($262.1)         2.75%

2000   $9,952.0  $1,093.2   $1,475.3      ($382.1)         3.84%

2001  $10,286.0   $1,027.7   $1,398.7      ($371.0)         3.61%

Thus, the exports exceeded the imports each of the years and the percentage of deficits to GDP continued to rise by 50%.

Learn more: https://brainly.com/question/14956888

Suppose VS's stock price is currently $20. A six-month call option on VS's stock with an exercise price of $15 has a value of $7.14. What is the price of an equivalent put option? The six-month risk-free interest rate is 5% per six-month period.

a. $1.43
b. $9.43
c. $8.00
d. $12.00

Answers

Answer: $1.43

Explanation:

To solve this, we would use the put call parity. We then calculate the value of the out which will be:

= $7.14 + $15/(1 + 5%) - $20

= $7.14 + $15/(1 + .05) - $20

= $7.14 + $15/(1.05) - $20

= $7.14 + $14.29 - $20

= $1.43

The price of an equivalent put option is $1.43

In some cases oligopolies can benefit society by:

a)earning abnormal profits.

b)taking advantage of scale economies to produce at low average cost.

c)raising prices and reducing output.

Answers

Answer:

b) taking advantage of scale economies to produce at low average cost.

A firm with a WACC of 10% is considering the following mutually exclusive projects:

0 1 2 3 4 5
Project 1 -$200 $60 $60 $60 $220 $220
Project 2 -$600 $300 $300 $100 $100 $100

Which project would you recommend?

a. Project 2, since the NPV2 > NPV1.
b. Both Projects 1 and 2, since both projects have NPV's > 0.
c. Neither A or B, since each project's NPV < 0.
d. Both Projects 1 and 2, since both projects have IRR's > 0.
e. Project 1, since the NPV1 > NPV2.

Answers

Answer:

Option e is the correct answer.

As the NPV of project 1 is higher than Project 2's NPV, Project 1 is recommended,

Explanation:

To determine which project to choose, we will calculate the net present value (NPV) of both projects and the project with the higher NPV will be chosen.

NPV is the present value of the future cash flows inflows expected from the project less any initial cost. The formula for NPV is as follows,

NPV = CF1 / (1+WACC)  +  CF2 / (1+WACC)^2  +  ... +  CFn / (1+WACC)^n  -  Initial outlay

Where,

CF1, CF2,... is the cash flow in year 1, Year 2 and so on

NPV - Project 1 = 60 / (1+0.1)  +  60 / (1+0.1)^2  +  60 / (1+0.1)^3  +  

220 / (1+0.1)^4   +  220 / (1+0.1)^5  -  200

NPV - Project 1 = $236.076 rounded off to $236.08

NPV - Project 22 = 300 / (1+0.1)  +  300 / (1+0.1)^2  +  100 / (1+0.1)^3  +  

100 / (1+0.1)^4   +  100 / (1+0.1)^5  -  600

NPV - Project 2 = $126.1861 rounded off to $126.19

As the NPV of project 1 is higher than Project 2's NPV, Project 1 is recommended,

5. Discuss the effects of various forms of technology on international business. What role does the Internet play? Where is this all leading? Explain the meaning of “appropriability of technology.” What role does this play in international competitiveness? How can managers protect the proprietary technology of their firms?

Answers

Answer:

The internet has radically affected international business.

Explanation:

First, the internet has made it easier for firms to engage in international business and trade because it reduces barriers to entry, facilitates communications, and becomes a vehicle for the creation of new economic sectors.

Second, the internet has made competition between companies more stiff in some sectors, but has resulted in the formation of oligopolies, duopolies, and even monopolies in other sectors, especially those that are very intensive in all kinds of capital, from human capital to technological capital, to financial capital.

Third, the internet has made the concept of appropriability more important because intellectual property has gained more importance, and also because the internet has made it easier to engange in intellectual property theft.

Finally, managers can protect the proprietary technology of their firms by using the most advanced tools of virtual security and protection, this is why many computer scientists are hired in this sector.

What is business marketing?
please make it long

Answers

Answer:

Business marketing, also known as business-to-business marketing, occurs when a business markets and sells its products or services to another business or organization. The businesses that purchase these products may use them in manufacturing, to run their businesses or for resale. In consumer marketing, advertising can be broad and interaction with customers often takes place through large retailers. Business marketing differs in that it relies on much more personal, direct relationships between businesses.

Explanation:

The Expense Account selected for inventory parts would normally have the account type ____________.

a. Revenue
b. Cost of Goods Sold
c. Income
d. Expense

Answers

Answer:

b. Cost of Goods Sold

Explanation:

An inventory turnover can be defined as a measure of the amount of times an inventory used or sold by an organization at a specific period of time. The inventory turnover is calculated by dividing cost of goods sold by average inventory.

The Expense Account selected for inventory parts would normally have the account type Cost of Goods Sold.

____ leadership is the ability to anticipate, envision, maintain flexibility and think strategically and work with others to initiate changes that will create a positive future for an organization.
1 Strategic
2 Charismatic
3 Visionary
4 None of the above

Answers

Using context clues it is very obviously 1. Strategic
the right answer is 1, strategic :)

In order to implement expansionary policy, the goverment and Central Bank must government spending, taxes, and interest rates. A increase, increase increase B. increase decrease, decrease C. decrease increase increase D. decrease decrease, decrease​

Answers

Answer:

B. increase decrease, decrease

Explanation:

Expansionary policies are measures aimed at stimulating economic growth. They are applied during times of recession and depression. Expansionary policies work by increasing the money supply in the economy. These policies increase liquidity in the market, thereby increasing the demand for goods and services.

Increasing government spending is an expansionary fiscal policy. Increased spending means releasing more money into the economy.   Decreasing taxes imply individuals and business will pay lower taxes than before. The results in an increase in disposable income and an increase in demand.

The interest rate represents the cost of borrowing money. When the interest rates are high, individuals and businesses find borrowing uneconomical. When the interests are decreased, the cost of borrowing reduces, which encourages increased borrowing for consumption and investments.

To attend a selective college, how many years of high school math must you complete? A. 2 B. 6 C. 3 D5​

Answers

It all depends on what college, and plenty of other things you should probably ask the college you are trying or going to attend.

So I am unsure.

Answer:

isnt it 4 but there is no 4 i would say c.3

Explanation:

Which of the following is the best example of a good?
Question 17 options:

1) the physical examination you received from your doctor

2) the birthday candles you purchased to go on your sister's birthday cake

3) the airplane flight you took to attend a funeral

4) the driving lessons you took

5) the life guarding class you took last summer

Answers

Answer:

option 2

Explanation:

The best example of the good is the birthday candles that should be bought for the birthday cake of your sister.

The information related to the good is as follows:

A good is an item that should be purchased from the company or an individual based on the needs or wants of the consumer. It can be intangible & tangible.It involved the goods that have any existence like birthday candles, etc.

Therefore the other options are incorrect.

So we can conclude that The best example of the good is the birthday candles that should be bought for the birthday cake of your sister.

Learn more about the good here: brainly.com/question/22536410

John plans to invest in Casper Inc. Therefore, he is going through the balance sheet of the company. He realizes that the working capital has drastically reduced in the current year because of purchase of fixed assets. How would he view the financial position of Casper?

Answers

Answer:

A.  negatively; as Casper does not have enough funds to pay off its current liabilities

Explanation:

PLATO

Females, it is said, make 70 cents to the dollar in the United States. To investigate this phenomenon, you collect data on weekly earnings from 1,744 individuals, 850 females and 894 males. Next, you calculate their average weekly earnings and find that the females in your sample earned $346.98, while the males made $517.70.

Required:
Calculate the female earnings in percent of the male earnings. How would you test whether or not this difference is statistically significant?

Answers

Answer:

67%

Test for 2 Independent means

Explanation:

Given that:

Average Female earning per week in sample = $346.98

Average Male earning per week in sample = $517.70

Female earning in percent of male earning :

(Female earning / male earning) × 100%

(346.98 / 517.70) * 100%

0.6702337 * 100%

67.02%

= 67%

Testing whether or not the difference in weekly earning by males and female can be conducted by testing the difference in sample means of both males and females by taking the two different samples as being independent.

Usually :

Null hypothesis : H0 : m1 - m2 = 0

Alternative hypothesis : H1 : m1 - m2 ≠ 0

The shape of a melody allows the piece to begin on the same note. What is this shape called?

A. the pitch

B. the contour

C. the climax

D. the step



subject: music not business

Answers

A
..................

Which bond would you expect to pay the highest interest rate?

a. a bond issued by the U.S. governmentb.
b. a bond issued by General Motorsc.
c. a bond issued by New York Stated.
d. a bond issued by a new restaurant chain

Answers

Answer:

The bond that should pay the highest interest rate is:

d. a bond issued by a new restaurant chain.

Explanation:

This is based on the fact that the new restaurant chain is untested, has higher risk profile and the bondholders are assuming higher risks, and the bond cannot be compared to the bonds issued by the US government, New York State, and General Motors, in that order.  The new restaurant chain will be offering a higher rate of return than others because it is new to the bond market and would like to attract potential bond investors.   Without the higher rate, therefore, it will not be successful in the bond issuance.

Many organizations are concerned about the rising cost of employee benefits and question their value to the organization and to the employees. In your opinion, what benefits are of greatest value to employees?What can management do to increase the value to the organization of the benefits provided to employees?

Answers

Explanation:

The benefits that organizations offer their employees are essential to add value to the job function. Through them, it is possible for the organization to attract and retain qualified employees, in addition to creating a favorable and positive organizational environment for the development of professional skills. The benefits help to motivate the employee and improve the perception and appreciation of their position and the company.

The benefits that most add value to employees are health and retirement plans, in addition to dental plans, paid vacations, etc. These benefits are not mandatory for the employer, but they are great differentials in differentiating jobs in the view of individuals.

what is profit or loss revaluation?​

Answers

Revaluation is used to adjust the book value of a fixed asset to its current market value. ... If a revaluation results in a decrease in the carrying amount of a fixed asset, recognize the decrease in profit or loss

Answer:

Revaluation

Used to adjust the book value of a fixed asset to its current market value. If a revaluation results in a decrease in the carrying amount of a fixed asset, recognize the decrease in profit or loss.

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