Many religious sects have an environmental ethic and could unite to influence political change
a. True
b. False
A
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Vita asks Walter, a cobbler and shoe salesperson, to repair a pair of work boots. There is no discussion of a price, and Vita and Walter do not sign any documents. After the repair, Walter hands Vita a bill. With respect to Vita's obligation to pay the bill, this is
a. an express contract. b. an implied contract. c. a unilateral contract. d. no contract.
Maintenance cost is what type of total cost of ownership cash flow?
a. Acquisition b. Ownership c. End of life d. Maintenance cost is not a type of total cost of ownership cash flow.
Data compression is used to minimize the amount of information
that must be transmitted in networks. Indicate whether the statement is true or false
Bob and Elizabeth Brown, a married couple, sell their personal residence to Tamel. Tamel pays $660,000 and assumes their $90,000 mortgage. To make the sale, the Browns pay $20,000 in commissions and $10,000 in legal costs. The couple has owned and lived in the house for seven years and their tax basis is $200,000. What is the amount of gain recognized on the sale?
A) $0 B) $20,000 C) $50,000 D) $520,000