Which of the following is not a tax advantage associated with home ownership?
A)
Deductible property taxes
B)
Imputed non-taxed rental income
C)
Capital gain tax exemption
D)
Tax deductible repayment of loan principal
D
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Identify the channel function that constitutes both backward and forward flow
A) obtaining funds for financing B) storage of physical goods C) persuasive communication D) movement of physical goods E) overseeing actual transfer of ownership
The Sarbanes-Oxley Act (SOX) requires documentation and verification of internal controls. It also emphasizes effective internal controls.
Answer the following statement true (T) or false (F)
Which conflict management style may maintain relationships that would be hurt through conflict resolution, especially if the matter is trivial?
a. accommodating b. avoiding c. forcing d. functional
Derek and his father have an agreement. If Derek can save $15,000, his father will pay the balance toward a used car (up to a total of $20,000)
If Derek can save $3,800 per year, how long will it take him to reach $15,000 if he invests the money into an account earning an annual rate of 4.25%? Use a financial calculator. What will be an ideal response?