A §754 election is made by a distributee partner for a tax year in which (1) the distributee partner recognizes gain or loss on a distribution from a partnership or (2) the distributee partner's basis in distributed assets differs from the partnership's inside basis in those assets.
Answer the following statement true (T) or false (F)
False
A §754 election is made by the partnership.
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The term structure of interest rates is a graphical presentation of the relationship between the maturity and rate of return
Indicate whether the statement is true or false
_____ refers to dividing the market based on consumer attitudes, interests, values, and lifestyles.
A. Geographic segmentation B. Behavioral segmentation C. Psychographic segmentation D. Demographic segmentation
In a breach of contract case, expectancy damages are:
a. meant to cover the profits the party suffering the breach of contract reasonably expected to make if the contract had been fulfilled b. not meant to cover the profits the party suffering the breach of contract reasonably expected to make if the contract had been fulfilled c. damages that allow the party suffering the breach to recover costs incurred due to relying on the promise of the other party d. meant to compensate for mental distress suffered by the party suffering the breach e. none of the other choices are correct
Division S sells its product to unrelated parties at a price of $20 per unit. It incurs variable costs of $7 per unit and has fixed costs of $50,000 per month. Monthly production is generally 10,000 units.Division B uses Division S's product in its operations. It can purchase the units from Division S at $20 per unit but must pay $1.50 per unit in shipping costs. Alternatively, Division B can buy from Division S's competition at a delivered price of $21 per unit.Required:(a) From the company's perspective, should Division B purchase the units internally or externally? Assume Division S has ample capacity to handle all of Division B's needs.(b) Would your answer change if Division S can sell everything it produces to outside customers?
What will be an ideal response?