Jane Goodall is moving from New York to Vermont. Jane is a licensed real estate agent in New York and wants to know the requirements for becoming a licensed agent in Vermont. Where will Jane be able to find the Vermont requirements?
A) In the United States Code
B) In the Code of Federal Regulations
C) What is required will depend on which real estate firm Jane works for, so she needs to look at their private rules
D) Vermont state statutes
D
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What is the present value of an annuity of $120 received at the end of each year for 11 years?
Assume a discount rate of 7%. The first payment will be received one year from today (round to nearest $1). A) $570 B) $900 C) $400 D) $250
In a scenario where the market is not showing any signs of growth, what is the likely role of sales promotion?
A. It will provide a competitive advantage to the company. B. It will reduce the selling costs of firms. C. It will encourage deal-prone customers to switch between brands. D. It will result in long-term brand loyalty toward the firm. E. It will contribute to long-term profits.
According to your text, "falling in love" with your stock is a good idea
Indicate whether this statement is true or false.
Victor is a one-third partner in the VRX Partnership, with an outside basis of $156,000 on January 1. Victor sells his partnership interest to Raj on January 1 for $200,000 cash. The VRX Partnership has the following assets and no liabilities as of January 1: Basis FMVCash$27,000 $27,000Accounts receivable -0- 18,000Inventory 103,500 121,500Equipment 270,000 337,500Stock investment 67,500 96,000Totals$468,000 $600,000 The equipment was purchased for $360,000 and the partnership has taken $90,000 of depreciation. The stock was purchased seven years ago. What is the amount and character of Victor's gain or loss on the sale of his partnership interest?
What will be an ideal response?