Answer: In January, when the products are delivered.
Answer:
<u>d. a nominal gain, but no real gain, and you paid taxes on the nominal gain.
</u>
Explanation:
<u>Nominal gain:</u> In business, the term "nominal gain" is described as the increase or hike in the price or cost of an asset as per the "federal tax code" and is also denoted as "nominal amount" and is considered as non-adjustable for inflation. However, when a specific product or asset or stock is being sold more than its "actual price" or above its "purchase price" then a gain or profit is noted and hence is taxed.
<u>In the question above, the correct answer is option D.</u>
<u></u>
Answer:
Option (c) is correct.
Explanation:
Interest expense on Nov 30, 2016:
= (Purchase amount × Rate of interest) ÷ No. of months in a year
= ($288,000 × 12%) ÷ 12
= $2,880
Principal repayment on Nov 30, 2016:
= Monthly payment - Interest expense on Nov 30, 2016
= $25,588 - $2,880
= $22,708
Interest expense on Dec 31,2016:
= (Purchase amount - Principal repayment) × Rate of interest] ÷ No. of months in a year
= ($288,000 - $22,708) × 12%] ÷ 12
= $2,653
Therefore,
Interest expense for the year ended December 31, 2016:
= Interest expense on Nov 30, 2016 + Interest expense on Dec 31,2016
= $2,880 + $2,653
= $5,533
Answer:
This is psychologically a trait.
Explanation:
The reason is that in psychology, trait means a character that has an influence on the person behavior. This character varies from person to person. We can see that the some people who study from Harvard were also the fraudster (Enron Company Collapse). So this not a blame to Harvard University. What I am trying to say is that gaming people was in their character and that Harvard don't encourages unethical actions. This is in the character of the people and this is trait that these characters influence the person behavior and he takes actions which are based on this character.
