The period of time that is requested for inspection and review of education records, according to federal law is 45 days.
<h3>What is an education records review?</h3>
This is a review of the academic standing of a student. The reason why the review is needed is probably because the student wants to apply for a new school.
According to federal law, when the request is received, the records must be provided within 45 days.
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Answer and Explanation:
The computation is shown below:
a. Material Price Variance is
= Actual Quantity × (Actual Rate - Standard Rate)
= 6000 × ($18000 ÷ 6000 - $4)
= $6,000 Favorable
b. Material Quantity Variance is
= Standard Rate × (Actual Quantity - Standard Quantity)
= $4 × (6000 - 5 × 1000)
= $4,000 (Unfavorable)
c. It is favorable as actual production is more than the normal monthly output
An agent may withhold further performance and demand an accounting, I think.
The amount that Vint and Gracie can claim for 2020 lifetime learning credit is <em>D. $600</em>.
Explanation:
Joint Modified Adjusted Gross Income for 2020 = $110,000
Tuition for the fall semester paid by Gracie = $3,000
Limit placed on lifetime learning credit = $2,000
Rate of lifetime learning credit = 20% of the first $10,000
Allowed lifetime learning credit = $600 ($3,000 x 20%)
<u>Answer Options</u>:
A. $0
B. $200
C. $400
D. $600
Thus, the amount that the couple can claim for 2020 lifetime learning credit is <em>D. $600</em>.
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Answer:
$144015.76 approx.
Explanation:
Depreciation is the fall in the value of an asset due to wear and tear and efflux of time. Motor vehicles i.e movable assets usually depreciate more in comparison to equipment.
Book Value as on today = $165000
Rate of depreciation = 3% percent i.e 1.5% semi annually
Time period = 4.5 years × 2 = 9 periods
A =
where, A = Book value at a future date
P= Book value as on today
r= rate of interest semi annually
n = time period
A =
A = 165000 ×
A = 165000 × 0.8728
A = $144,015.76 approx.