Answer:
B. Information return
Explanation:
Corporations, trusts, individuals, estates, partnerships, that engage in business or trade and make transactions which are reportable shall report the transactions by filing an information return with the IRS, that indicates the amount a person received as payment within the calendar year on which the information return is based
The details on the information return can be used for ensuring that the tax returns are correctly filed
Payments made by owners of businesses such as compensation for nonemployee and employee requires the filing of an information return
It is important to save a copy of the information returns being filed each year
Answer:
$4,410
Explanation:
Discount refers the amount that is deducted from the usal price of a good sold or service rendered.
From the question, the credit terms 2/10, n/30 implies 2% discount if the amount owed is paid within 10 days while no discount will be enjoyed if the amount owed is paid after 10 days but must be beyond 30 days.
Therefore, the amount owed by Lulu's if the store pays within the discount period, i.e. within 10 days, can be calculated as follows:
Discount = (Purchases - Merchandise returned) * 2% = ($5,500 - $1,000) * 2% = $90
Amount owed = Purchases - Merchandise returned - Discount = $5,500 - $1,000 - 90 = $4,410.
Therefore, the amount owed by Lulu's if the store pays within the discount period is $4,410.
Answer:
Five Step Procedure.
Explanation:
I would follow following steps to deliver the quality service:
- The first step would be to contact the athlete who had donated money and ask about the relevant information.
- Then I would ask about his major accomplishment associated with this charity.
- After all this, I would contact the charity to cross verify the information and will ask about how they will use the money and how much valuable it is for the lives of people it is going to affect.
- I would now meet the person who received the charity and would ask him / her about how valuable is it for them because their words describe how valuable it is for the people.
- This could be written down within 2 days by visiting the athlete, the charity and the people who received the donation. Then I will submit to the press release and media outlets.
Answer:
Please find the detailed answer as follows:
Explanation:
1) Given D1 = $ 2.05
Constant growth rate, g= 6.5% per year
Current Price of the stock, Ps = $ 28 per share
Let the cost of capital be "k'
Then , 28 = D1*(1+g)/(k - 6.5%)
28 = 2.05*(1+6.5%)/ (k - 6.5%)
k = 14%
2) Dividend yield = (Dividend /Price)
As the dividends are growing at constant rate, the Stock price is expected to be Div(1+g)/(k-g) . Yield = (k-g)/(1+g), as g and k remains constant.
Thus Answer is It will stay the same.
Answer:
recessionary gap = 8 billion
so correct option is c) $8 billion
Explanation:
given data
MPC = 0.80
GDP = $40 billion
to find out
the size of the recessionary gap
solution
we get here first Multiplier that is
Multiplier = ..................1
Multiplier =
Multiplier = 5
so recessionary gap will be
recessionary gap = ................2
recessionary gap =
recessionary gap = 8 billion
so correct option is c) $8 billion