A partnership may be terminated by the death of one of the partners
Indicate whether the statement is true or false.
T
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City, Inc., an exempt organization, has included among other amounts the following in calculating net unrelated business income of $500,000. Dividend income$12,000 Interest income6,000 Royalty income15,000 Rent income from equipment25,000 The only expenses incurred associated with these items are rental expenses (which includes depreciation of $10,000) of $15,000. Calculate City, Inc.’s UBTI.
What will be an ideal response?
Tom Reilly, author of Value-Added Selling, says, "Value-added salespeople sell three things: the product, the company, and themselves."
Indicate whether the statement is true or false
Which of the following actions does NOT constitute an ‘offer'?
A) A homeowner advertises his house for sale with an asking price of $450,000 B) A customer selects a grocery item from a shelf and presents her credit card to the cashier as payment for it C) A person places an ad on Kijiji to sell a motorcycle for $3,800 D) A storeowner displays cheese for sale with a price tag of $4 per package E) All of the above are valid offers
In what ways are projects distinct from typical business activities?
What will be an ideal response?