Answer:
Loss of $2,000
Explanation:
In this scenario, we have the following information:
• The adjusted cost basis: $8,000 (the amount paid by the donor)
• The fair market value: $5,000
• The sold amount: $6,000
Parrot’s basis in the land is $8,000, as same basis the donor had.
So when he sells it, he must report loss of $2,000 on the sale.
Answer:
Penetration Pricing Strategy
Explanation:
The reason is that the penetration strategy is used when the product that the company wants to offer to its customers has very little or no differentiation, which is the case here. It is also helpful in promoting the product as the product is sold at lower prices helps to attract potential customers to buy the product. So setting a penetration price is itself a promotion strategy as well.
Answer:
Correct Answer:
C) The news story marks the historical event of the first black man being called up to play in the major leagues and expresses some concern over how Robinson will be treated by his major league peers.
Explanation:
<em>Option C ıs the best statement which captures the overall point and focus of the given New York Times article, Document 3.</em>
Answer:
b. False
Explanation:
Merging or acquiring American corporations by foreign firms helps them consolidating businesses or assets with a view to increasing productivity, maintaining a competitive edge, growing market share, or controlling supply and distribution networks. It gives them a reputation at the international stage as the United States has a dominant capitalist stand and merging with it ensures a promising future in the business market.
