1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
weeeeeb [17]
3 years ago
15

Lyle corp. is a distributor of pharmaceuticals and sells only to retail drug stores. lyle received unsolicited samples of non-pr

escription drugs from a manufacturer. lyle donated these drugs to a qualified exempt organization and deducted their fair market value as a charitable contribution. what should be included as gross income in lyle's return for receipt of these samples
Business
1 answer:
Rudik [331]3 years ago
8 0
<span>Fair market value should include as gross income in Lyles return for the receipt of these samples. It is the estimate of the market value of a property when the buyer and seller are knowledgeable and unpressured. Precedent or extrapolation helps in finding the Fair market value estimate.</span>
You might be interested in
Charitable contribution
nlexa [21]
Cans of soup are charitable contributions. giving money to the poor is a form of charity.
5 0
3 years ago
a car travaling at a speed of 24 m/s comes to a stop at a red light how much time will it take for the car to stop if it's excel
RideAnS [48]
Answer: The answer is 3 seconds

Explanation: because 24 divided by 3 is 8. Eight must be subtracted 3 times from 24 in order to reach 0.
6 0
3 years ago
Stock J has a beta of 1.26 and an expected return of 13.46 percent, while Stock K has a beta of .81 and an expected return of 10
Oxana [17]

Answer:

J = 0.422

K = 0.58

Explanation:

When a portfolio is said to have risk that is equal to market, this means that the beta is equal to 1.

Let us define the weight of stock J = x

Let us define the Weight of stock K = (1-x)

To get the The Beta of portfolio = (x*1.26) + ((1-x)*0.81) = 1

When we open the brackets,

1.26x + 0.81 - .81x = 1

1.26x-0.81x = 1-0.81

0.45x = 0.19

To get x we divide through by 0.45

X = 0.422

Therefore the Weight of stock J = 0.422

Then the Weight of stock K = 1 - 0.422 = 0.578

Approximately 0.58

5 0
3 years ago
Savings for You, a discount retail chain, is highly competitive. When entering a new market, Savings for You often cuts prices s
REY [17]

Answer:

<u>Predatory pricing</u>

Explanation:

A "predator" refers to an animal who survives by "preying" on other animals.

Predatory pricing in a similar sense refers to that form of excessively low pricing which in a way consumes other firms by taking away their share of industry revenues. Such form of pricing is considered illegal and is against healthy competition.

Such pricing eliminates competitors from the market and gradually leads to emergence of a monopoly i.e supremacy of a single firm in the whole industry and thus considered an illegal practice.

In the given case, the retail chain can be alleged to have followed predatory pricing which is substantiated by the fact that it cuts it's prices excessively i.e even below cost , thereby forcing smaller companies to exit the industry.

7 0
3 years ago
Only people who own property need insurance<br><br><br>true or false
MAVERICK [17]

Answer:

false

Explanation:

pretty sure that is false as one can have life insurance without property.

Still double check...

5 0
3 years ago
Other questions:
  • If you detect a free rider on your team, the best way to remedy the situation is to: question 2 options: stop carpooling with me
    10·1 answer
  • Bennett Company’s high and low level of activity last year was 150,000 units produced in June and 50,000 units produced in Janua
    10·2 answers
  • What is the difference between commodity money and fiat​ money?
    13·1 answer
  • Mark Weinstein has been working on an advanced technology in laser eye surgery. His technology will be available in the near ter
    10·1 answer
  • The current property taxes on a parcel are $1,743.25 and have not been paid. If the sale is to be closed on August 12, what is t
    10·1 answer
  • What type of cover letter written in response to a posted job opening?
    6·2 answers
  • Kate is the sales representative for a major textbook publisher. When she calls on the business faculty at General University, s
    13·1 answer
  • Why only 4 percent manage to succeed in business of company ??​
    12·2 answers
  • The economic survey 2018 suggest that the psychological biases
    10·1 answer
  • Anna is creating a personal balance sheet. she plans to list these items. bank account jewelry health insurance rent which state
    12·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!