Using various web-based resources to determine a fair price for your car, whether it is new or used, is very important when buying a car. When doing this, you are doing your what?
A) Price Gouging
B) Valuation
C) Researching Value
D) MSRP
E) Mitigation
C) Researching Value
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What are the subsystems of the expenditure cycle?
Climate is probably the most important element of the physical forces as it sets the limits on:
A. population growth patterns. B. expected FDI. C. annual rainfall, thus water supply. D. what people can do physically and economically.
Janet likes to take the time to think carefully about a problem by breaking it into pieces. This way she can look at it in a more general way. This, she finds, helps her generate ideas about how certain products and services can be improved or made more innovative. Which of the following terms apply to Janet?
a. active search b. alertness c. analytical strategies d. building approach
The Serenity Corporation distributes $200,000 in cash to its shareholders during 2019. Accumulated earnings and profits are $80,000 as of January 1, 2019. Current earnings and profits for 2019 are $84,000. Jonas, the sole shareholder of Serenity Corporation, has a basis of $48,000 in his stock. What is the tax effect of the distribution for Jonas?
A. Jonas will recognize ordinary income of $164,000 and a capital gain of $36,000. B. Jonas will recognize ordinary income of $84,000, capital gain of $80,000, and a tax-free recovery of capital of $36,000. C. Jonas will recognize ordinary income of $164,000 and a tax-free return of capital of $36,000. D. Jonas will recognize ordinary income of $164,000 and a capital loss of $12,000. E. Jonas will recognize ordinary income of $200,000 and a capital loss of $12,000.