The organized effort of individuals to produce and sell, for a profit, the products and services that satisfy society's needs through the facilities available on the Internet is referred to as
A. e-business.
B. e-management.
C. e-commerce.
D. e-selling.
E. e-shopping.
Answer: A
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Jacob was initially ignored and treated rudely by the sales person as he shopped for his first
car. He returned to his home discouraged about the process of purchasing a vehicle. As he shared his feelings about the experience with his friend, he was expressing his______________. a. perception b. expectation c. philosophy d. credibility
The budget that described how many units must be produced in order to meet sales needs and ending inventory objectives is the:
A) production budget. B) direct materials purchases budget. C) cash budget. D) budgeted income statement. E) none of these.
Mike and Michelle decided to liquidate their jointly owned corporation, Pennsylvania Corporation. After liquidating its remaining inventory and paying off its remaining liabilities, Pennsylvania had the following tax accounting balance sheet. FMV Adjusted basis AppreciationCash$200,000 $200,000 Building200,000 100,000 100,000 Land100,000 150,000 (50,000)Total$500,000 $450,000 $50,000 Under the terms of the agreement, Mike will receive the $200,000 cash in exchange for his 40 percent interest in Pennsylvania. Mike's tax basis in his Pennsylvania stock is $50,000. Michelle will receive the building and land in exchange for her 60 percent interest in Pennsylvania. Her tax basis in the Pennsylvania stock is $100,000.What amount of gain or loss does Mike recognize in
the complete liquidation? What will be an ideal response?
In her pursuit of a PhD in Business, Rhonda took out many student loans. Now that she has graduated and is working, Professor Rhonda is wondering if she can get relief from her student loan debt by filing for bankruptcy. Will Professor Rhonda be able to have her student loans discharged in bankruptcy?
A. Probably not, unless not having the loans discharged would cause an undue hardship to the Rhonda and her dependents. B. Probably so, because she successfully graduated with a PhD in Business. C. Probably not, unless she passes the median income test. D. Very likely, if she files for a Chapter 13 bankruptcy.