Answer:
The correct answer is letter "A": True.
Explanation:
The Internal Service Revenue (<em>IRS</em>) offers Volunteer Income Tax Assistance (<em>VITA</em>) for elderly people who do not know how to file taxes on their own. The volunteers follow a series of practices during the interview with the taxpayers to gather their taxable information accurately. The principle of Due Diligence allows volunteers to <em>ask for clarification when the taxpayer information seems unclear or inconsistent</em>. However, if the information is not unusual, there is no need to request proof of it.
Answer:
$8.078 million
Explanation:
we must use the same time periods, so instead of using an annual discount rate, we should use a quarterly rate:
effective quarterly interest = (1 + 0.16)¹/⁴ - 1 = 0.0378 = 3.78%
dividends per quarter = 0.3 million + 0.05 million = $0.35 million
terminal value of firm in quarter 4 = 0.35 / 0.0378 = $9.26 million
present value of terminal value = $9.26 / (1.0378)⁴ = $7.983 million
present value of 4 quarterly dividends = $0.3 x 3.64879 (PVIFA, 3.78%, 4 periods) = $1.095 million
NPV = -$1 + $1.095 + $7.983 = $8.078 million
Answer: Letter of credit
Explanation:
The letter of credit is one of the type of payment process that is specifically used for the purpose of international trading as it helps in proving the economical guarantee from the bank to the trader of various type of goods and the services.
The letter of credit is also refers as the documentary based credit and also the guarantee undertaking letter which is used at the time of payment and the main advantage of the letter of credit is that it is highly customizable, safety business process, Payment assured and also free from all the types of credit risk.
According to the given scenario, George asked the customer for providing the letter of credit for the purpose of protect his company fro the various types of payment and economical issue.
Therefore, Letter of credit is the correct answer.
A credit score is a statistical number that depicts a person's creditworthiness. Lenders use a credit score to evaluate the probability that a person repays his debts. Companies generate a credit score for each person with a Social Security number using data from the person's previous credit history. A credit score is a three-digit number ranging from 300 to 850, with 850 as the highest score that a borrower can achieve. The higher the score, the more financially trustworthy a person is considered to be.
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Answer: C. Changes in the price level
Explanation:
In the long run only change in capital, change in the amount of labour and technological changes affects the level of aggregate supply because everything in the economy is assumed to be used optimally. Therefore, on a LONG RUN price level does not affect the level of aggregate supply.
