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laila [671]
3 years ago
12

Pastor Tom was employed by the First Church for 40 years. On Pastor Tom's retirement there was no adequate pension plan. Two mon

ths after the retirement, a wealthy parishioner, in consideration for Pastor Tom's 40 years of faithful service and for being such a sweet man, promised to pay him $500 per month for the rest of his life. This promise is probably not enforceable.
(a) True
(b) Fasle
Business
1 answer:
Mazyrski [523]3 years ago
8 0

Answer:

A. True

Explanation:

The two most common settings for legitimate non-competition agreements are the sale of a business and an employment relationship. When a non-compete agreement is ancillary to the sale of a business, it is enforceable if reasonable in time, geographic area, and scope of activity.

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Cash donations to public charities are limited to % of a taxpayer's AGI. Donations of capital gain property to public charities
Blababa [14]

Answer:

Cash donations to public charities are limited to % of a taxpayer's AGI? Cash donations can be deducted to a maximum of 60% of your AGI.

Donations of capital gain property to public charities are generally limited to % of a taxpayer's AGI? If you hold the assets (whether stock or property) for more than one year, donations can be deducted (at fair market value) to a maximum of 30% of your AGI.

Donations of certain capital gain property to private non operating foundations are limited to % of AGI? When you donate short term capital gain property to private non operating foundations you can deduct up to 30% of your AGI.

3 0
3 years ago
Which asset made belgium a good place to establish the first industrialized textile manufacturer.
Vedmedyk [2.9K]
All of them it was a really hard time
7 0
2 years ago
In the weekly computer run to prepare payroll checks, a check was printed for an employee who had been terminated the previous w
Gre4nikov [31]
<h2>A control total for hours worked, prepared from time cards collected by the timekeeping department.</h2>

Explanation:

An employee should get salary only based on the number days / number hours worked for the organization. So the time card will help the organization to solve the problem.

So the time card should be collected and then only the salary needs to be calculated. The salary calculation should take number of leaves (paid / unpaid), permissions and On-duty in to account so that the expected outcome can be achieved.

8 0
3 years ago
Jessica Adams is 21 years old and has just graduated from college. In considering the retirement investing options available at
Marina CMI [18]

Answer:

The summary as per the given query is summarized in the explanation section below..

Explanation:

The given values are:

The nominal rate of return,

= 7%

i.e.,

= 0.07

Inflation,

= 4%

i.e.,

= 0.04

  • Lengthy-term inflation would lessen the return on investment that lowers the net return as long-term investments are made.
  • It can also aim to obtain a higher return that will comfortably exceed the rate of inflation and therefore is beneficial towards diminishing the average return.

Now,

The rate of return will be:

= (\frac{1+ nominal \  rate \ of \ return}{1+Inflation}) -1

On substituting the values, we get

= (\frac{1+0.06}{1+0.04} )-1

= (\frac{1.07}{1.04} )-1

= 1.028846-1

= 2.8846 \ percent

Therefore it isn't able to measure the average return rate because the quantity of years for its expenditure.

5 0
3 years ago
JBS Inc. recently reported net income of $4,750 and depreciation of $885. How much was its net cash provided (used) by operation
stepan [7]

Answer:

net cash provided is $5,635

Explanation:

                                                  Amount ($)

Net Income                                 4,750

Depreciation                                  885

Change in inventory                     (200)

Change in accounts payable    <u>    200 </u>  

Net cash flows from Operation<u>   5,635</u>

The depreciation is a none cash item that was initially deducted to get the net income, hence it is added back in the cash flows statement.

An increase in inventory represents an outflow of cash hence the negative value. The increase in trade payable is an increase in a liability representing an inflow of cash hence it is positive.      

7 0
3 years ago
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