Answer:
average tax rate
Explanation:
Based on these two tax rates I would say that the more important of the two is average tax rate. This is because the average tax rate is the total taxes you have paid divided by your total income. This therefore will always be less than the marginal tax rate because the this tax rate is divided by tax brackets which since the average tax rate is specific it will never reach the limit of the tax bracket making it less than the marginal tax rate.
Answer:
a. $45,000
b. $100,000
Explanation:
The computations are shown below:
a. Recognized gain would be
= Fair market value of real estate + cash received + mortgage loan - Carey's basis in the real estate given up
= $100,000 + $15,000 + $50,000 - $120,000
= $45,000
b. For property received:
= Carey's basis in the real estate given up - cash received - mortgage loan + recognized gain
= $120,000 - $15,000 - $50,000 + $45,000
= $100,000
Answer:
Informal Grapevine
Explanation:
Grapevine communication <em>is a casual, informal and private communication mode or scheme that occurs through false story and chatter inside the organisation.
</em>
It is a complicated word of mouth flow that links all of the organization's employees.
It works in both inner and external casual modes that can add to the company and profit from it.
Answer:
Bank reconciliation for Candace Co. for May 31
Amount in $ Amount in $
Balance per Bank statement 2,936
Less;
Outstanding checks (465)
Add;
Deposits in transit 655
Bank charge 50
Erroneous check to supplier <u> 18</u> <u> 723</u>
Balance per cash account <u>3,194 </u>
Explanation:
The bank reconciliation is one done between the balance per the books and balance per the bank statement. This is usually as a result of transactions known as reconciling items.
These are items that have either been recognized in books but yet to be recorded by the bank or vice versa, transactions recorded wrongly by one of the parties etc.
The outstanding checks has been deducted from the cash book hence it will be deducted from the bank statement balance in the reconciliation statement.
The bank charges is yet to be recorded in the cash books as a deduction hence it will be added back to the bank statement balance in the reconciliation statement.
The bank deposit has been recorded as an inflow in the cash balance hence it will be added to the bank balance in the reconciliation statement.
The erroneous check amount difference
= $97 - $79
= $18
This will be added to the banks balance as it has been underdeducted in the cash balance in the reconciliation statement.
Answer:
P-value = .010444, this means it is statistically significant or probable that the proportion of people who are confident is larger than 70% at the 0.05 significance level.
Explanation:
Population proportion, p = 0.70
Number of people taken in a sample, n = 700
Sample proportion, = 0.74
State the hypotheses:
H
₀:p = 0.70
Hₐ
:p < 0.70
one-tailed test, we must calculate z test statistic:
z = ( - p) / √{[p(1 - p)]/n}
z = (0.74 - 0.70) / √{[0.70(1 - 0.70)]/700} = 2.31
z = 2.31
using a table we can find out P-value for Z = 2.31:
P-value = .010444, this means it is statistically significant or probable that the proportion of people who are confident is larger than 70% at the 0.05 significance level.