A tractor held by a farm equipment company for sale to farmers is classified as a long-term asset
Indicate whether the statement is true or false
F
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Answer the following statements true (T) or false (F)
1. At Starwood Hotels and Resorts Worldwide, during training they stress being “on point.” 2. Wall-to-wall training involves training every employee throughout the organization. 3. Hospitality service providers should only be trained in the skills necessary to deliver the service expected. 4. The most effective measure of assessing training effectiveness is participant feedback.
Lois and Benjamin own a chalet in New Mexico and rented it for 12 days for $6,000. The rest of the year, the chalet was used by them and their friends and family. What is the proper tax treatment of the $6,000 income?
A. none of the rental income needs to be reported as part of gross income. B. the amount should be reported on Schedule E. C. the amount should be reported as other income. D. the amount should be reported on Schedule C.
Hadley Production makes low-priced, convenience products that are widely available. It is most likely to focus its promotion efforts on
A. public relations. B. personal selling. C. viral marketing. D. advertising. E. sales promotion.
Formal standards are those standards that have been authorized by either an officially recognized body or by law and regulation
Indicate whether the statement is true or false