Answer:
In general, the agency aims to send refunds within 21 days. The simpler your return, the faster the IRS should theoretically be able to process it. The more credits you claim, the longer it might take to receive a refund.
Explanation:
Answer:
B) calculate the number of years required for real GDP to double
Explanation:
The rule of 70 calculates the amount of time it takes for an investment to double.
Given the annual rate of economic growth, the rule of 70 calculates the number of years required for real GDP to double.
It is calculated as 70 / annual rate of economic growth.
I hope my answer helps you.
Answer:
Dec. 1
Note Receivable : E. Kinder $16,000 (debit)
Cash $16,000 (credit)
Dec. 16
Note Receivable : J. Jones $4,800 (debit)
Sales $4,800 (credit)
Dec. 31
Note Receivable : E. Kinder $80 (debit)
Note Receivable : J. Jones $168 (debit)
Interest Income $248 (credit)
Explanation:
Interest accruing on E. Kinder`s Note Receivable = $16,000 × 6 % × 1/12 = $80.
Interest accruing on J. Jones`s Note Receivable = $4,800 × 7 % × 30/60= $168.
Answer:
Item Amount Effect
A.Notes Payable ($16,600) Decrease
B.Dividends ($1,800) Decrease
C.Machinery $ 21,600 or $ 0 No effect
Explanation:
Indicating the items that has an effect on financing cash flows
Item Amount Effect
A.Notes Payable ($16,600) Decrease
Because the cash are repaid
B.Dividends ($1,800) Decrease
Because the Dividend are been paid out in cash
C.Machinery $ 21,600 or $ 0 No effect
No effect because it is a non cash activity.
Answer:
A decrease in the balance of retained earnings.
Explanation:
Treasury stock transactions might cause: A decrease in the balance of retained earnings.
Treasury stocks refer to a transaction of redemption of shares. which is when a company buys back its own shares. This transaction leads to a reduction in the number of shares reported in the balance sheet and also retained earnings.
<u>The logic is that the company would have to use its own retained earnings to buy back its own shares.</u>
<u>This explains why treasury stock is subtracted from shareholders equity of which retained earnings is part, in the balance sheet.</u>