$17,000 amount of loss can John can deduct for the current year
Explanation:
Given,
John paid 2,000 worth of Red Corporation's $1244 share
Mark for $40,000
Mike for $12,000
John sold the remaining assets of Red Company for $3,000.
John has a typical risk of $17,000 ($3,000 – $20,000) for the current year.
The given statement is False.
John did not purchase the stock from Red Corporation; thus, he will not have a balance of $1244.
He does have a long-term capital risk of $17,000.
A remedy at law is monetary damages
Answer:
D) A doubling of the price of salt led to 5 percent drop in the quantity of salt purchased.
Explanation:
Law of supply in economics says that when the price increases the supply too increases if other factors is is constant.
Therefore, among the given options the only option that is consistent with the law of supply is "A doubling of the price of salt led to a 5 percent drop in the quantity of salt purchased"
Answer:
D. chooses its output to manipulate the follower to produce the output that most benefits the leader.
Explanation:
Strackelberg model is one where a market leader makes the first move and then the other followers firms follow sequentially.
For this model to be successful, the followers need to observe the leader and follow their lead in a production process or venture.
The market leader usually has an advantage that enables it make the first move.
For example a firm that has a monopoly in a market leads while new entrants follow.
In this model the market leader chooses an output and manipulates the followers to produce the same output, and this benefits the leader
Answer:
c. Cost of goods sold is recorded with each sale.
Explanation:
In the perpetual inventory system, the inventory is recorded. It helps to keep the inventory records during the particular period.
The examples are purchase, purchase return, sales and sales return and sales discounts and purchase discounts
After each transaction, the inventory and the costs of goods sold are updated after each sale
