For federal income tax purposes, a taxpayer may elect to deduct state and local sales taxes ($10,000 maximum) as itemized deductions.
Answer the following statement true (T) or false (F)
True
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A marketer is interested in segmenting a business market on ________ if the marketer intends to segment the market based on industries and geographical areas to serve
A) demographic variables B) situational factors C) operating variables D) purchasing approaches E) personal characteristics
An organic farmer has identified three distinct groups that might be interested in his products: vegetarians, health-conscious individuals, and people identified as trendsetters who try out new products in the market before others
These three groups are examples of ________. A) marketing mixes B) market segments C) value propositions D) market offerings E) marketing intermediaries
When, and only when, is an in-kind donation tax deductible?
a. The recipient is government certified as being in need. b. The donation is made through a 501(c)(3) organization. c. The donation is made through the organization’s own proprietary foundation. d. The recipient receives the donation directly, with no third party involved.
The _____ basis of accounting typically recognizes revenue when a firm sells goods (manufacturing and retailing firms) or renders services (service firms), and recognizes expenses in the period when the firm recognizes the revenues that the costs helped produce
a. cash b. accrual c. funds flow d. tax e. none of the above