Severs Corporation employs Susan as an Advertising Director. Her annual compensation from Severs Corporation is $100,000. Severs Corporation is experiencing financial problems, and Susan lends the corporation $50,000 in 2008 in an attempt to help it through its financial difficulties. Severs Corporation subsequently declares bankruptcy, and in 2010 Susan and the other creditors receive 10 cents
on each dollar they are owed. What is the amount and character of Susan's loss?
What will be an ideal response?
Since Susan is not a shareholder in Severs Corporation, her loss of $45,000 ($50,000 × .90) is an ordinary loss and is fully deductible in the year she incurs the loss.
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What will be an ideal response?
Good salespeople try to help customers buy by presenting both the advantages and disadvantages of a product and showing how it will satisfy the customer's needs.
Answer the following statement true (T) or false (F)
Which of the following community organizing models emphasizes the importance of maintaining close ties with existing community organizations to build a coalition?
a. ACORN b. Industrial Area Foundation c. Pacific Institute for Community Organization d. Direct Action Research and Training Center
Because mutual funds trade in such large quantities, they pay far more in terms of commissions
Indicate whether this statement is true or false.