______ is the illegal buying or selling of a company's stock by people using confidential company information.

Determine which of the statements are examples of market transactions and which are not. Identify statements describing market t

tangare [24]

Answer:

Market transactions are those in which the buyer and seller act in their own self interest.

In not market transaction they are not performed at an arms length and buyer and seller of services do not act on their self interest.

1. Frank takes care of his elderly aunt while she recovers from knee replacement surgery. (not market)

Reason: Non marketed transactions are not at arm's length and not in the self interest of the buyer and seller combine.

2. Jack and Diane buy tickets to the sold out Pirates game from a ticket scalper. (not market)

Reason: The transaction is in the self interest of both buyer and seller but it is an illegal transaction done by ticket scalper to take advantage of the old out factor of the show.

4. The citizens of Marble Cliff, Vermont, get financial relief from the government after a flood destroyed all of their homes. (not market)

Reason: The loss compensation by the government is an intervention in the market to help citizens and not an arms length transaction between buyer and seller.

5. Suzanne gets a used textbook on eBay for much less than its list price at her university's bookstore.(market)

Reason: Ebay is a platform that provides services to connect buyer and seller to sell goods. The transaction is in the self interest of both buyer and seller

6. Norm paints the fence in his front yard on his day off work.(not market)

Reason: non marketed services are not part of the market transactions.

7.Mitchell buys 50 shares of General Motors stock at the going price per share (market)

Reason: Going price is the current market price of the transaction hence it is performed at an arms length in both the interest of the buyer and seller.

6 0

4 years ago

What is the statute of limitations for transactions involving: a. Fraud (e.g., failure to file a tax return) b. Disallowance

san4es73 [151]

Answer:

The statute of limitations is as indicated for different cases:

a: Fraud: The statute of limitations remains open.

b:Disallowance of tax deduction items: The assessment is made within three years from the later date of tax filing or due date.

c: The omission of rental income that is equal to greater than 25% of the taxpayer's reported gross income: A six year statute of limitation is applicable.

Explanation:

The statute of Limitations for the following cases are

a. Fraud (e.g., failure to file a tax return)

In this case the statute of Limitations indicate that The statute of limitations remains open indefinitely if a fraudulent return is filed or if no return is filed at all.

b. Disallowance of tax deduction items

In this case the statute of Limitations indicate that The general rule for the disallowance of tax deduction items is that an assessment may be made against the taxpayer within three years from the later of the date the tax return was filed or its due date.

c:The omission of rental income that is equal to greater than 25% of the taxpayer's reported gross income

In this case the statute of Limitations indicate that A six year statute of limitations applies if the taxpayer omits an item of gross income that is in excess of 25% of the gross income that is reported on the return.

7 0

3 years ago

Spalkyn, a footwear company, allows its customers to shop online on its website or mobile app or at its physical stores. At the

hichkok12 [17]

Answer:

Ownership Utility

Explanation:

It is also known as possession utility, Ownership Utility involves the neatly and well ordered movement of goods and services from the sellers to the buyers.

6 0

3 years ago

Read 2 more answers

Which of the following statements is TRUE?

g100num [7]

Answer:

C. Government-owned health care organizations do not report depreciation expense

Explanation:

C. Government-owned entities do not provide for depreciation of assets, they are written off immediately they are acquired

7 0

3 years ago

John, the CEO of Tresnel Inc., learns that the government of one of his company's foreign markets has enacted a new law that lim

Natasha_Volkova [10]

Answer:

The correct answer is letter "D": political and legal.

Explanation:

Managers should not be discouraged in front of new legislation. In fact, new laws setting boundaries on businesses can be detrimental for those companies but immediately after the regulations are enacted, firms should find out if the political environment of that law has grey areas that help companies to surpass them.

Besides, the social environment where the firm operates can offer companies other opportunities for the fir to grow. Research must be meticulously conducted under this scenario to find out new profit sectors in the market before making radical decisions such as stopping the operations of the entity.

5 0

3 years ago