Members of a company's ________ conduct business from their offices using telephones, emails, or visits from prospective buyers to generate sales
A) outside sales force
B) inside sales force
C) industry sales force
D) customer sales force
E) product sales force
B
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In CASE 23.3 United States Department of Justice v. Sperry (2013), Sperry, the sole owner of a Subchapter S corporation that filed bankruptcy, made payments to other creditors before paying the corporation's federal tax obligations. Sperry countered that he was released from the tax liens, and claimed the corporation—not him—owed the ‘trust fund taxes.' The IRS sued. How did the court rule
and why? a. For the IRS, because Sperry was never properly incorporated and was therefore personally liable. b. For Sperry, because the Subchapter S corporation—not Sperry—was liable for the tax obligations. c. For the IRS. Sperry's payments and loans triggered personal liability. d. For Sperry, because the IRS failed to give proper notice before seizing the company's assets.
The purpose of inferential statistics is to summarize or display data
Indicate whether the statement is true or false
A key reason for acquisitions is synergy. Synergy includes all the following except:
A) revenue enhancements. B) cost reductions. C) increased debt capacity. D) decreased cash flows. E) increased efficiency.
Arnold purchased two rental properties 6 years ago. He actively participates in their management. During 2016, Arnold had income of $22,000 from one of the rentals. He had a loss from the other rental of $32,000, as well as salary income of $35,000, and dividend income of $2,000 . What is Arnold's net passive income or loss deduction?
a. $8,000 net loss b. $10,000 net loss c. $22,000 net loss d. $32,000 net loss e. None of the above