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elena55 [62]
4 years ago
10

Which of the following is a true statement about a request for a change in accounting method?A. Some requests are automatically

granted.B. Most requests require the permission of the Commissioner.C. Many requests require payment of a fee and a good business purpose for the change.D. Form 3115 is required to be filed with a request for change in accounting method.E. All of these are true.
Business
1 answer:
fiasKO [112]4 years ago
6 0

Answer: (E) All of these options are true

Explanation:

  The change in the accounting method is the process of changing the overall plan of the accounting in terms of gross income and the cash deduction. It is also change the material item in terms of treatment.

 The form 3115 is one of the application that required in the accounting method. This application is filed with the proper request to the IRS to change the accounting method. The IRS basically provide the automatic procedure for obtain the automatic consent for changing the method.

Therefore, Option (E) is correct.

 

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The current spot exchange rate is $1.55 = €1.00; the three-month U.S. dollar interest rate is 2 percent. Consider a three-month
Elan Coil [88]

Answer:

The least that this option should sell for is $3,125.

Explanation:

Acording to the data, we have the following:

The current spot exchange is $1.55=€1.00

The call option has a strike price of $1.50=€1.00 and spot price is €62,500

Hence,to calculate  the least value this option should sell for we have to calculate the following:

$1.55-$1.50=$0.05

Hence, $0.05*62,500= $3,125.

8 0
3 years ago
As a consultant to Basso Inc., you have been provided with the following data: D1 = $0.67; P0 = $27.50; and g = 8.00% (constant)
Alex787 [66]

Answer:

Cost of common from reinvested earnings  = 10.44 %

so correct option is c. 10.44%

Explanation:

given data

D1 = $0.67

Po = $27.50

g = 8.00%

to find out

cost of common from reinvested earnings based on the DCF approach

solution

we get here Cost of common from reinvested earnings that is express a s

Cost of common from reinvested earnings  = \frac{D1}{Po} + g   ............1

put here value we get

Cost of common from reinvested earnings  = \frac{0.67}{27.50} + 8%

Cost of common from reinvested earnings  = 10.44 %

so correct option is c. 10.44%

5 0
4 years ago
Tript Corporation has a process costing system and uses the weighted-average method. The company had 3,000 units in work in proc
Alekssandra [29.7K]

Answer:

11,600 units

Explanation:

Equivalent units for conversion costs :

Equivalent units = 10,000 x 100 % + 4,000 x 40 % = 11,600

The equivalent units for February for conversion costs were: 11,600 units

6 0
3 years ago
When you know a firearm's effective killing range, you can determine: which animals you can hunt which stance to use when shooti
MrMuchimi
The answer that best fits the question is that 'when a shot will give a clean kill' because a firearm's killing range can be known or considered to be more effective if it has the capacity of providing a clean kill with only using a one shot and does not require for a second or more.
7 0
3 years ago
Martin wrote Dall and offered to sell Dall a building for $200,000. he offer stated it would expire 30 days from April 1. Martin
ryzh [129]

Answer:

If the offer is rejected by the Dall then the offer is no more in place. The particular reason is that Martin is not required to tell Dall that the offer is no more in place. Suppose Martin is wishing to close his offer and till now Dall has not declined the offer. So Martin will have to communicate Dall that the offer is been closed. If Dall has communicated Martin that he has rejected the offer, then this means the offer essence has vanished. Hence Martin has no liability towards Dall, if Dall sues him.

7 0
3 years ago
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