To identify what the organization is in business to do.
Federal tax dollars are collected from citizens to use for programs and infrastructure that is supposed to be used for public good, such as early childhood education, social security, roads, bridges, etc. Since the money is from citizens and for citizens, they should know how the money is spent so they can hold their elected representative accountable.
Answer:
$9,240 loss recognized
$43,000 basis
Explanation:
Tax basis of share purchase is the cost of share together with any tax related to this purchase.
Mr. Slake's loss recognized on the February 13 sale is $9,240 = total cost of 1,580 share purchased in the past - total amount collected from sales of these share = $49,240 - $40,000 = $9,240
His tax basis in purchase of 1,600 shares on Mar 2 is $43,000, the total cost he paid to acquire 1,600 shares
Answer: B. Firm and competitor
Explanation: Rashi Glazer is of the opinion that information-intensive markets otherwise known as smart markets are breaking down traditional boundaries, thereby blurring the lines between product offerings, departments, and the firm with its external world, competitors inclusive. For firms deciding to follow the approach to technological advancement while leaving the stability of what already exists often place them at risks since these advancements are by nature risky. Choosing not to either places them at a disadvantage to those firms who decide to and are successful.
<span>Virus protection software must be updated continually with information
on recently discovered viruses. A virus is a small, potentially damaging
computer program that can infect a computer without its user's knowledge.</span> Hackers often exploit well-known security vulnerabilities in popular
software to spread destructive programs such as viruses.
