A balanced mutual fund is aimed at investors who want
A) steady income to live on.
B) moderate growth in capital.
C) moderate stability in their investments.
D) all of the above.
E) none of the above.
Answer: D
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What is the criticism of the product life-cycle concept?
What will be an ideal response?
On March 1, 2016, Bema Inc. issued 600 shares of its publicly traded stock as compensation to its employee, Ms. McPhee. On date of issuance, the stock's fair market value was $12,000. Under the terms of her employment contract, Ms. McPhee couldn't dispose of the stock before July 1, 2019, and if she terminated her employment with Bema before that date, she had to forfeit the stock back to Bema. Ms. McPhee made a timely election in 2016 to accelerate income recognition with respect to the 600 shares of restricted stock. On July 1, 2019, Ms. McPhee, who was still employed by Bema, sold all 600 shares for $26,000. What are the 2019 tax consequences to Ms. McPhee?
A. She recognizes $12,000 ordinary income and $14,000 capital gain in sale of the stock. B. She recognizes zero ordinary income and $26,000 capital gain on sale of the stock. C. She recognizes $26,000 ordinary income and zero capital gain on sale of the stock. D. She recognizes zero ordinary income and $14,000 capital gain on sale of the stock.
In general, retailer descriptions of items in a model stock plan are more consistent over time than descriptions of items in a basic stock list
Indicate whether the statement is true or false
Hikari owned a used car lot. In November she went to a snow blower dealership and told the salesperson that she required a snow blower that would be able to remove the snow from her outside display lot 5 meters by 10 meters in size in a half-hour
This salesperson recommended the "Maxim II" which sold for $1,800. In December Hikari used the snow blower three times to remove normal amounts of snow for that month. The snow blower, operating at maximum speed, took approximately 50 to 60 minutes to remove the snow from the lot. Which of the following best describes Hikari's position at law? A) There has been a breach of warranty under the Sale of Goods Act and she can claim damages only. B) There has been a breach of condition under the Sale of Goods Act and Hikari can cancel the contract. C) The court will decide whether the snow blower's failure to clear the lot in 30 minutes is a condition or a warranty. D) Because the parties did not specify whether this was to be a condition or warranty, the courts will make that decision. E) Since this was a sale of a brand name item, Hikari has no recourse against the dealership.