What is the last thing written on the TREC-promulgated contract form to execute the contract?

A) Listing broker's signature
B) Buyer's signature
C) Date
D) Seller's signature

Answer: C) Date

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Ruth Lewis has adjusted gross income of $100,000 for 2017 and itemizes her deductions. On September 1, 2017, she made a contribution to a private nonoperating foundation (not a 50% charity) of stock held for investment for 2 years that cost $25,000 and had a fair market value of $70,000. The foundation sold the stock for $70,000 on the same date. Assume that Lewis made no other contributions during 2017. How much should Lewis claim as a charitable contribution deduction for 2017?

a. $50,000 b. $30,000 c. $25,000 d. $20,000

Business

A firm is considering five different product designs. Data concerning the design for disassembly for each of the designs are provided in the table below

Which design appears to be the best environmental design based on revenue retrieval opportunity? Product Design Resale Revenue per Unit Recycling Revenue per Unit Processing Cost per Unit Disposal Cost per Unit 1 $30.00 $12.00 $15.00 $40.00 2 $10.00 $10.00 $3.00 $1.00 3 $5.00 $55.00 $48.00 $10.00 4 $4.00 $2.00 $1.00 $0.50 5 $42.00 $3.00 $8.00 $32.00 A) Design 1 B) Design 2 C) Design 3 D) Design 4 E) Design 5

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