Trade or business expenses are treated as:
A. Deductible only if the activity had substantial income.
B. Deductible as a for AGI deduction.
C. An itemized deduction if not reimbursed.
D. Deductible as itemized deductions subject to the 2% AGI floor.
Answer: B
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Utah Co sold merchandise to Big Sky Corp on December 1, 2014, for $9,000, and accepted a promissory note for payment in the same amount. The note has a term of 90 days and a stated interest rate of 8%. Utah's accounting period ends on December 31 . What amount should Utah recognize as interest revenue on the maturity date of the note?
a. $ -0- b. $ 60 c. $120 d. $180
Which of the following is more concerned with how a particular product category is selling rather than a particular brand?
A) manufacturer B) salesperson C) retailer D) jobber
Delilah's previous manager every year developed and given her a list of performance goals for the upcoming year, and then proceeded to criticize her for not fully achieving her previous year's goals-goals that he had developed and given to her. And, in fact, Delilah was not always motivated to achieve all of the goals that her previous manager had prescribed for her. But Delilah's new manager was a breath of fresh air. Delilah told her roommate, "My new manager lets me participate in goal-setting for my work and, as a result,
A. I am able to find ingenious ways to set easy goals and convince my manager that they are difficult." B. I find ways to meet goals simply to receive a reward." C. we develop goals that do not necessarily contribute to the company's success." D. we set goals that are so challenging as to be unattainable." E. we tend to generate goals that I accept and pursue willingly."
Which of the following statements is true about nonverbal communication?
A. Tone of voice is not important for effective communication. B. People communicate through a wide range of facial expressions. C. Body language transmits less meaning that the actual words of the message. D. Gestures do not particularly influence the interpretation of the message by listeners.