Answer: $58600
Explanation:
The net income that would have been if the allowance method had been used, and the company estimated that 2.5% of sales would be uncollectible will be calculated thus:
= Reported net income + Uncollectible - (Sales × % Uncollectible)
= $63800 + $9300 - ($580000 × 2.5%)
= $63800 + $9300 - $14500
= $58600
Your friend is in the category of people considered to have HIGH INCOME.
Friend's salary is more than $1 million and he lives off a credit card. He has high income but net worth can't be determined.
Question:
The Dodd-Frank wall street reform and protection act stipulated that if more than $1 million is collected, the whistle-blower is entitled to _____ of the monies collected.
A) between 10 and 30 percent
B) a minimum of 50 percent
C) a minimum of 75 percent
D) between 50 and 75 percent
Answer:
The correct answer is A) Between 10 and 30 percent of the monies collected.
Explanation:
The Dodd–Frank Wall Street Reform and Consumer Protection Act (also known as Dodd–Frank) is a US Federal Law that was instituted on July 21, 2010.
It was created to revamp the financial regulation in the aftermath of the Great Recession, and brought about reforms to all federal financial regulatory agencies and almost every part of the nation's financial services industry.
Under the act, whistle blowers were promised 10-30 percent of all monies collected.
Cheers!
Answer:
According to the one percent rule, you should set aside at least one percent of your home's value every year for home maintenance. For a $360,000 house, this works out to $3,600 per year, or $300 per month.
