Each of the following is an impression management technique, except:
A) expression of innocence
B) excuses
C) justification
D) entitlings
D
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This year Pranav had the gains and losses noted below on property, plant and equipment used in his business. Each asset had been held longer than one year.Gain due to insurance reimbursement for fire$17,000Loss due to condemnation(12,000)Gain on sale of Sec. 1231 property21,000A review of Pranav's reporting of Sec. 1231 transactions for the prior five years indicates a net Sec. 1231 loss of $14,000 three years ago and a net Sec. 1231 gain of $8,000 last year (before the five-year lookback). Pranav will recognize
A.
| Ordinary gain (loss) | LTCG(L) |
| $(6,000) | $26,000 |
B.
| Ordinary gain (loss) | LTCG(L) |
| $6,000 | $20,000 |
C.
| Ordinary gain (loss) | LTCG(L) |
| $(18,000) | $38,000 |
D.
| Ordinary gain (loss) | LTCG(L) |
| $0 | $18,000 |
The salesperson promised the radio station manager that the new $30,000 computer system would be compatible with the equipment already used by the station. When the new computer system proved not to be compatible even after an additional $10,000 worth of new software, the station manager sued the salesperson and his company for:
A. violation of the Robinson-Patman Act. B. misrepresentation and breach of warranty. C. failure to adhere to the rules of full disclosure. D. violation of Title VII. E. misuse of relationship marketing.
Teens patronize big box retailers leaving little room for retailers in between
Indicate whether the statement is true or false a. True b. False
Since there are no tax consequences arising from trades in a 401(k) plan, it makes sense
A) to trade often in an attempt to time the markets. B) to ignore this feature and stick to a sound investment approach. C) not to participate in the plan since you can't write off tax losses. D) to trade aggressively if you are young and have a long investment horizon, but to be more conservative if you are nearing retirement.