Answer:
interest expense for October $ 27.25
Explanation:
900
+ 1,300 x 20/30
<u> + 100 x 15/30 </u>
1,816.67 average balance
Now we multiply this average balance by the interest rate of the credit card:
1,816.67 x 0.18/ 12 = 27.25
Answer:
Mio's foreign earned income exclusion is $99,960
Explanation:
The calculation of the Mio's foreign earned income exclusion is given below:
The foreign earned income exclusion limit for 2020 is $107,600
Now the foreign earned income exclusion depend on days equivalent to
= Foreign earned income exclusion limit × (2020 days ÷ total number of days in a year)
= $107,600 × (340 days ÷ 366 days)
= $99,960
Hence, Mio's foreign earned income exclusion is $99,960
Answer:
- b. Cash from Financing Activities
- d. Bonds Payable
- e. Net Income
Explanation:
Bonds are a form of long term debt and in the cashflow statement this goes to the Financing section. A retirement of bonds would reduce cash and this would come from the Financing activities.
Bonds Payable will also decrease because the bond that is being retired will reduce the number of bonds payable that the company has to pay off.
Finally the Net income will reduce as well to reflect the loss on bond retirement. The bonds were issued at a discount owing to interest rates being higher than the coupon rate in 2011 but on the day the bonds were retired they were selling at a premium with interest rates at 4%. The company paid more than they received and this loss will reduce the net income.
Answer:
TRUE
Explanation:
For example: consider a video game store where a customer comes in to buy a product then pay for it at the checkout counter. The staff goes to take the similar product from the store room and replaces it on the shelve. When the stock runs low, new products are ordered.
All the processes above involve the collection, storing and processing of the the product and the system that monitors those process is known as Transaction Processing System.
Answer:
Corporate citizenry
Explanation:
Many business people believe that marketing should focus on factors other than financial goals, such as Corporate citizenry
