Energy Market Corporation wants to build a wind power plant on private land, for which a federal permit is required. For this action, an environmental impact statement is
A) prohibited

B) required.
C) unnecessary.
D) voluntary.


B

Business

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Tia owns 2,000 shares of Bass Corporation common stock with an $80,000 basis. Bass distributes a nontaxable preferred stock dividend. When the preferred stock is distributed, it has an FMV of $60,000 and the FMV of the 2,000 common stock shares is $180,000. The basis of the preferred stock is

A) $0. B) $20,000. C) $60,000. D) $80,000.

Business

On June 1, Lulu's Performing Arts School purchased merchandise with a list price of $6,000 from Monty's Inc. with credit terms 2/10, n/30. On June 3, Lulu's returns $800 of the merchandise. Compute the amount owed by Lulu's if the store pays within the discount period.

What will be an ideal response?

Business

A meaningful change in the state of an enterprise such as hiring employees, purchasing inventory, and collecting cash from customers are called ______________________________. ?

Fill in the blank(s) with the appropriate word(s).

Business

The__________feature of a decision support system (DSS) pinpoints the region that generated the highest total sales

A) goal seeking analysis B) sensitivity analysis C) what-if analysis D) exception reporting analysis

Business