For a taxpayer who is not insolvent nor under bankruptcy proceedings, the discharge of debt is generally
A. taxable.
B. partially taxable.
C. nontaxable.
D. None of the above.
Answer: A
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Austin's Pub Supply uses the periodic inventory system and the gross method of accounting for sales. The company had the following sales transactions during August: August 2Sold merchandise to Jo's Pub and Grub on credit for $3,750, terms 2/15, n/60. The items sold had a cost of $1,200. August 4 Jo's Pub and Grub returned merchandise that had a selling price of $300. The cost of the merchandise returned was $110.August 13Jo's Pub and Grub paid for the merchandise sold on August 2, taking any appropriate discount earned.Prepare the journal entries that Austin's Pub Supply must make to record these transactions.
What will be an ideal response?
Don Jefferson, owner of Don's Fine Foods, a family-owned grocery store, said to his management team following their SWOT analysis, "We're in trouble. We have been the leading grocer in this geographical area, but Mega Box Store Groceries is opening a superstore a mile away. Our refrigeration system is 15 years old and needs replacing. Our store manager and produce manager are retiring this year. And our employee benefits package is not competitive." A threat to Don's Fine Foods, per the SWOT analysis, is that
A. their employee benefits package is not competitive. B. their refrigeration system is old and needs replacement. C. key personnel are retiring. D. they have been the leading grocer in their geographical area. E. Mega Box Store Groceries is opening a superstore nearby.
The likelihood that a competitor will launch an attack depends upon many factors. Discuss threat analysis and how it is used.
What will be an ideal response?
An advertisement that places the strongest points at the end of a message assumes a ________, whereby the last arguments presented are the most persuasive.
A. sleeper effect B. compliance hierarchy C. credibility effect D. recency effect E. primacy effect