From the explanation below, the letter received by Basu is called a 90-day letter.
<h3>What is a 90-day letter?</h3>
A 90-day letter can be described as an IRS notification in which it stated that there was a discrepancy or error in the taxes of an individual, and that they would be levied until a petition is submitted.
If the taxpayer does not respond within 90 days, the audit inadequacies will result in a reassessment.
Learn more about IRS here: brainly.com/question/11986964.
#SPJ1
Answer:
Goal formation is a process of how a goal is initiated or added to, while goal displacement is a process whereby goals are shifted out, changed, toned down or removed from the original set.
According to the given statement in 10 years you will make $247.53
<h3>What precisely is compound interest?</h3>
Compounding is when you earn a return on both your savings and your interest. Assume you put $1,000 (your principal) into an account that earns 5% (rate of interest or earnings) once per year (the compounding frequency).
<h3>How does interest get compounded?</h3>
Compound interest is calculated by dividing the initial loan balance, or principal, by one plus the yearly interest rate multiplied by the number of compound periods divided by one. This will give you the total loan amount plus compound interest.
<h3>According to the given information:</h3>
Calculating Compound Interest:
FV = PV(1 + r)ⁿ
To find FV.
= 75(1.01)¹²⁰
= $247.53
in 10 years you will make $247.53.
To know more about Compound Interest visit:
brainly.com/question/14295570
#SPJ4
Answer: Option D $97,282 is correct
Explanation:
Materials Conversion
Units completed and transferred 12200 12200
Ending work in process 4900 2940 =4900*60%
Equivalent units 17100 15140
Materials Conversion Total
Equivalent units 17100 15140
X Cost per Equivalent unit 5.00 4.00
Total costs 85500 60560 146060
Total costs 146060
Less: Cost of beginning work in process 48778 =24012+24766
Cost of units started into production 97282
Answer:
12%
Explanation:
Calculation for what is your rate of return in this investment.
Using this formula
Rate of return=Amount paid a year /Amount invested in
Perpetuity fund
Let plug in the formula
Rate of return=$3,000/$25,000
Rate of return=0.12*100
Rate of return=12%
Therefore the Rate of return will be 12%