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The RI (Refractive Index) of glass describes how fast light propagates through a glass (True/False)

Essay #3 (14 Points): John Elk is a calendar year corporation that manufactures agricultural equipment at its production facility located in Illinois. In addition, John Elk leases a distribution facility located in Indiana (annual rental of $5 million). For purposes of computing the property factor, John Elk’s January 1 and December 31 account balances are as follows: January 1 (all numbers in millions) Illinois Indiana Inventory                                225                                150 Property Plan and Equipment                             1,500                                110 Land                                300                                    –   December 31 (all numbers in millions) Inventory                                325                                200 Property Plan and Equipment                             1,600                                110 Land                                400                                    –     Please compute the property factors for Illinois and Indiana.

The most definitative way of telling that two glass fragments came from the same source is through an end match. (True/False)

Which of the following statements is true of nonbusiness income?

43.  Every sales/use-tax-imposing state’s code includes a “sale for resale” exemption from sales tax.

Essay #2 (14 Points): “Killing Me Sweetly” Corporation operates a nationwide chain of indulgent cookie retail shops. Killing is incorporated in and has several shops located in State Y.  It also has nexus in State Z.  All cookies are shipped from Killing’s industrial bakery in State Y.  State Y does not have a throwback rule.  Killing’s commercial domicile is in State Y.  States Y and Z source sales based on the income producing activity rule under UDITPA (Section 17).  The following table includes Killing’s business receipts for the current year: Sales to Y Customer $10,000,000 Sales to Z Customers $8,000,000 Sales to Customers in Other States $6,000,000 Interest income $10,000 Income from renting commercial grade industrial mixers not currently in use to user located in Z. $50,000 Royalty from copyrighted recipe licensed to Z user $25,000 Dividends paid from subsidiary  $60,000 Compute the sales factors for Y and Z.  

The value of glass evidence not only depends on how its made and its properties but also an understandign of the distribution process after it’s manufactured. (T/F) 

You have a fragment of a hard clear object about the size of grain of sand. The question is whether it is glass or plastic. Which of the following would be the fastest way of determining if it is glass?

Big Daddy Car Co., a manufacturer of carbon-fiber steering wheels, wholly owns, Little Guy Co., a corporation that specializes in the installation of carbon-fiber steering wheels. Although Little Guy installs other types of custom steering wheels, 80% of its installations are Big Daddy Car steering wheels.  Little Guy and Big Daddy run joint advertisements in car enthusiast magazines that indicate that Little Guy is an authorized Big Daddy Car steering wheel installation site.  Big Daddy has also made a number of long-term loans to Little Guy.  Considering the Factors of Profitability Test, which of the following factors is likely satisfied based on these facts?

When glass fractures, the first fracture is called the _____________________ while the second fracture is the _______________________.