measured for a baseline

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. (TCO 7) Which one of these is measured for a baseline? 
Bootup Sequence
Backoff percentage
Propagation Velocity
Broadcast repeat rate
2. (TCO 7) The capacity of a data line is always higher than the _____. 
reversion rate
throughput
timing rate
RTT
3. (TCO 7) According to Fluke, what type of traffic is most prevalent on networks? 
UDP
Web browsing
SNMP
Ethernet
4. (TCO 7) There are _____ flags used on networks. 
8
4
2
1
1. For 2011, the Butternut Corporation has net income on its books of $75,000, including the following items:
Net capital losses $10,000 
Federal income tax expense 22,250 
Federal tax depreciation exceeds the depreciation deducted on the books by $7,250. What is the corporation’s taxable income?



A) $97,250 

B) $75,000 

C) $85,000 

D) $107,250 

E) $100,000 


2. Ted forms the Nutshell Corporation during the 2011 tax year. To form the corporation, Ted transfers assets having a fair market value of $550,000 to Nutshell Corporation for 100 percent of the corporation’s stock. Ted’s adjusted basis in the assets transferred was $250,000 and Nutshell Corporation assumed a $175,000 mortgage on the assets. If the fair market value of the stock received by Ted is $375,000, what is his basis in the stock received from the corporation?


A) $75,000 

B) $425,000 

C) $550,000 

D) $375,000 

3.The partnership of Nixon and Whittier realized the following items of income during the year ended December 31, 2011:

Net income from operations $93,000 
Dividends from domestic corporations 5,000 
Interest on corporate bonds 2,000 
Net long-term capital gains 15,000 
Net short-term capital gains 11,000 

Both of the partners are on a calendar year basis. What is the total income which should be reported as ordinary income from business activities of the partnership for 2011?

A) $126,000 

B) $74,000 

C) $60,000 

D) $93,000 

E) $100,000 

F) $250,000 

4. On September 30, 2011, Amber was admitted to partnership in the firm of Waves and Grain. Her contribution to capital consisted of 1,000 shares of stock in Biotech Corporation, which she bought in 2002 for $15,000 and which had a fair market value of $45,000 on September 30, 2011. Amber’s interest in the partnership’s capital and profits is 40 percent. On September 30, 2011, the fair market value of the partnership’s net assets (after Amber was admitted) was $112,500, and profit for the 3 months ended December 31, 2011 was $6,000. What is Amber’s taxable gain in 2011 on the exchange of stock for her partnership interest?

A) $12,000 

B) $30,000 long-term capital gain 

C) $30,000 ordinary income 

D) $2,400 

E) $0 gain or loss 


1. On August 31, 2011, Roberta acquired a 20 percent interest in Zelkova Company, a partnership, by contributing property with an adjusted basis of $8,500 and a fair market value of $15,000. The property was subject to a mortgage of $10,000, which was assumed by Zelkova Company. What is Roberta’s basis in her partnership interest in Zelkova Company immediately after the partnership contribution?

A) $6,500 

B) $500 

C) $8,500 

D) $3,000 

E) $7,000 

2.John owns a 20 percent interest in J&B Interests, a partnership. His brother, Brian, owns a 35 percent interest in that same partnership, and the remaining 45 percent is owned by an unrelated individual. During 2011, John sells a classic automobile from his personal collection with a basis of $80,000 to J&B Interests for $110,000. The partnership intends to hold the auto as part of its inventory for resale. What is the amount and nature of John’s gain or loss on this transaction?

A) $0 gain or loss 

B) $24,000 ordinary income 

C) $30,000 long-term capital gain 

D) $30,000 long-term capital loss 

E) $30,000 ordinary income 

3. Roger is a 51 percent partner of Ralph & Associates. Roger sells a building to the partnership for $80,000. If the building had an adjusted basis to Roger of $105,000, how much gain or loss does Roger recognize on this transaction?

A) $12,750 loss 

B) $25,000 loss 

C) $12,750 gain 

D) $0 gain or loss 

E) $25,000 gain 

4. Which of the following items may not be subject to the self-employment tax?

A) Amounts paid to an independent contractor who is the sole proprietor of his company. 

B) Amounts received by an author as royalties from a book he wrote. 

C) Rental income from apartments owned by an individual whose regular source of income is wages and salaries. 

D) A partner’s distributive share of partnership business income 

E) Amounts paid to a consultant who is the sole proprietor of his company.
1. Orlando has two employees who earned the following amounts evenly during 2011: 

Jason $17,000 
Evelyn 15,000 

If Orlando timely pays 5.4 percent for state unemployment tax, what is the amount of his 2011 FUTA after the state tax credit?

A) $1,728 

B) $256 

C) $0 

D) $112 

E) $7562. For 2011, the Butternut Corporation has net income on its books of $75,000, including the following items: Net capital losses $10,000 
Federal income tax expense 22,250 
Federal tax depreciation exceeds the depreciation deducted on the books by $7,250. What is the corporation’s taxable income?



A) $97,250 

B) $75,000 

C) $85,000 

D) $107,250 

E) $100,000 


3. Ted forms the Nutshell Corporation during the 2011 tax year. To form the corporation, Ted transfers assets having a fair market value of $550,000 to Nutshell Corporation for 100 percent of the corporation’s stock. Ted’s adjusted basis in the assets transferred was $250,000 and Nutshell Corporation assumed a $175,000 mortgage on the assets. If the fair market value of the stock received by Ted is $375,000, what is his basis in the stock received from the corporation?


A) $75,000 

B) $425,000 

C) $550,000 

D) $375,000 

4. On August 31, 2011, Roberta acquired a 20 percent interest in Zelkova Company, a partnership, by contributing property with an adjusted basis of $8,500 and a fair market value of $15,000. The property was subject to a mortgage of $10,000, which was assumed by Zelkova Company. What is Roberta’s basis in her partnership interest in Zelkova Company immediately after the partnership contribution?

A) $6,500 

B) $500 

C) $8,500 

D) $3,000 

E) $7,000 


1.The cases of Carl Vogel, former CEO of Charter Communication, is  an example of:
 a. the role culture in CEOs’ behavior and decisions.
b. the impact of a powerful board of directors.
c. the negative effect of a poor economy on CEO performance.
d. the negative impact of arrogance on CEOs

YOU MAY ALSO READ ...  Internet sources or the additional sources

2.As a general rule, the power and discretion of the CEO increase when:
a. the TMT members are similar to the leader.
b. the CEO has considerable international experience.
c. the company goes public
d. a board of directors is put in place to help the CEO
3.The XYZ organization is headed by the 60 year old Roger Smith who has been with the company for 25 years and CEO for the past 5 years.  XYZ has performed well under his leadership.  Based on research about upper echelon leaders, which of the following is most likely to happen?
a. Roger will continue performing well by changing course as the need for change arises.
b. Roger’s performance is likely to go down, since most CEOs are not effective beyond 5 years.
c. Roger is likely to engage in international venture because most people in his generation have international experience.
d. Roger is likely to lead XYZ the same way he has been for the past 5 years, without making major changes.*
4.Leaders with typically emphasis research and development and tend to be more innovative than leaders with 
a. high Machiavellianism; low Machiavellianism
b. an internal locus of control; an external locus of control
c. high self-monitoring; low self-monitoring
d. a type B personality; a type A personality

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