Elk, a C corporation, has $370,000 operating income and $290…
Elk, a C corporation, has $370,000 operating income and $290,000 operating expenses during the current year. In addition, Elk has a $10,000 long-term capital gain and a $17,000 short-term capital loss. Elk’s taxable income is:
Read DetailsKingbird Corporation (a calendar year C corporation) reports…
Kingbird Corporation (a calendar year C corporation) reports the following income and expenses in the current year: Income from operations $200,000 Expenses from operations 140,000 Dividends received (15% ownership) 15,000 On October 1, Kingbird Corporation made a contribution to a qualified charitable organization of $9,000 in cash (not included in any of the above items). Determine Kingbird’s charitable contribution deduction for the year.
Read DetailsLet T: ℛ 3 → ℛ2 be a linear transformation such that T(e1)…
Let T: ℛ 3 → ℛ2 be a linear transformation such that T(e1) = , T(e2) = and T(e3) = where e1, e2 and e3 are the columns of the 3 x 3 identity matrix.a) [4 points] Determine if T is a one-to-one transformation. Mention an appropriate theorem to justify your answer.b) [2 points] Write the 4 x 4 matrix that represents T when homogeneous coordinates are used for vectors in ℛ3.c) [3 points] Find the 3-dimensional coordinates for a point whose homogeneous coordinates are (6, -8, 10, -2)
Read Details