I believe it may be D, hope that helps. Forgive me if not. :(
Answer:
The cost of care in a nursing home, along with <u>the cost of meals and lodging</u>, <u>should be included</u> with the costs for medical or nursing care if the primary reason is <u>to obtain medical care for their parents</u>.
If the primary reason for being there is personal, <u>the total</u> costs for medical or nursing care <u>should be included</u> in the total of deductible medical expenses, <u>but the costs of meals and lodging should not be included</u>.
Consequently, it appears that Jerry's parents are in the nursing home <u>to obtain medical care</u>, while Ernie's parents are in the nursing home <u>for personal reasons other than medical care</u>.
Answer:
The answer is true.
Explanation:
Preference or preferred shareholders are synonymous to lenders to a business or company. Preferred shares are like debt to a business. They possess the characteristics of both debt and equity and in the case of liquidation, they have to be settled first. Common shareholders are the last shareholders to settled.
Answer:
If the products are sold seperately they would sell for $100,000:
Software $70,000 = 70%
Technical Support $30,000 = 30%
Sarjit Systems sold the software for $80,000
Software 70% of 80,000 = $56,000
Technical Support 30% of 80,000 = $24,000
We will record technical support as deferred revenue since the customer pays for the support upfront before receiving the service.
The journal entry would be:
Account Title Debit Credit
Cash 80,000
Sales Revenue 56,000
Deferred Revenue 24,000
Answer:
Option B is correct.
<u>The NPV is positive, so invest.</u>
Explanation:
Year Cash Flow
0 -160000
1 8995
2 8995
3 8995
4 205995
$13,512.46
