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4 years ago

8

am is a responsible citizen and files his annual tax returns judiciously. What should he do with tax return documents that are m

ore than three years old?

1 answer:

Elena L [17]4 years ago

3 0

The IRS says that you can destroy them after three years. However, if you owe taxes, it is better to keep them up to 10 years.

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The probability of a loss occurring can be reduced by

shutvik [7]

The probability of a loss occurring can be reduced my loss prevention

8 0

4 years ago

An investment has the potential of earning you $5000 at a 20 percent probability $3000 at a 50 percent probability, and $2000 at

kap26 [50]

Answer:

The expected value of the investment is $3,100

Explanation:

In order to calculate the expected value of the investment we would have to make the following calculation:

The expected value is the summation of the (event * probability of happening that event).

Therefore, The expected value of the investment = ($5,000*0.20) + ($3,000* 0.50) + ($,2000* 0.30)

The expected value of the investment = $1,000 + $1,500 + 600

The expected value of the investment= $3,100

The expected value of the investment is $3,100

7 0

3 years ago

Mitchell Corporation bought equipment on January 1, 2017, and depreciates it using the double declining-balance-method of deprec

vampirchik [111]

Answer:

Book value= $206,400

Explanation:

Giving the following information:

The equipment cost $300,000 and had an expected salvage value of $40,000.

First, we need to calculate the accumulated depreciation:

Annual depreciation= 2*[(book value)/estimated life (years)]

Year 1= 2*[(300,000 - 40,000)/10]= 52,000

Year 2= 2*[(260,000 - 52,000)/10]= 41,600

Book value= purchase price - accumulated depreciation

Book value= 300,000 - 93,600= $206,400

3 0

3 years ago

Under a municipal revenue bond rate covenant, rates must be set to cover all :_________

stepan [7]

Answer:

D. optional sinking fund deposits

Explanation:

The revenue bond rate convenants needed that the rate should be set for the level that could be enough for covering a facility operation and maintenance also the debt service cost is considered

But there is no requirement to cover the option sinking fund or the deposit with respect to the reserve fund

Therefore according to the given case, the option D should be chosen

7 0

3 years ago

Jarrod has gotten a job as a cashier at a retail store. He notices the fitting rooms are messy, so he cleans them and puts the c

AnnyKZ [126]

Answer:

Jarrod is demonstrating initiative.

Explanation:

Initiative is to take a lead in an activity without being told, you research better ways to do things and implement them without being reminded. Taking initiative at times involves doing something that is not necessarily your duty but you do it anyway. Most employees that show initiative always gain trust of their superiors since they feel like you don't need to be supervised to do your job. Taking initiative also exposes one to numerous opportunities. In modern times, organizations have a need for employees who can take initiative and think on their feet by finding solutions to problems without necessarily being coerced into taking action. Initiative is an important skill that can be developed. The following examples are ways on developing initiative;

1. Develop a career plan

2. Gain some confidence in your self

3. Self assess to work on your weaknesses

4. Develop the skill of spotting opportunities for growth

3 0

3 years ago