If April 15th falls on a Saturday, the due date for individual tax returns will be on Monday, April 17th (assuming it is not a holiday): TRUE
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What are tax returns?</h3>
- A tax return is a form or form that is filed with a tax authority and discloses income, expenses, and other relevant tax information.
- Tax returns enable taxpayers to assess their tax liability, plan their tax payments, and receive refunds for overpayments.
- In most nations, an individual or corporation having a reportable income, such as wages, interest, dividends, capital gains, or other profits, must file an annual tax return.
- For example, if April 15th comes on a Saturday, the deadline for individual tax returns is April 17th (assuming it is not a holiday).
Therefore, the statement "if April 15th falls on a Saturday, the due date for individual tax returns will be on Monday, April 17th (assuming it is not a holiday)" is TRUE.
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Complete question:
If April 15th falls on a Saturday, the due date for individual tax returns will be on Monday, April 17th (assuming it is not a holiday). TRUE or FALSE
Answer:
The days' sales in receivables are B.148.37 days
Explanation:
The days' sales in receivables is calculated by using following formula:
The number of days' sales in receivables = 365/Accounts receivable turnover
In there:
Accounts receivable turnover = Net Credit Sales /Average Accounts Receivable
E-Shop, Inc. has net sales on account of $1,500,000 and average net accounts receivable of $610,000.
Accounts receivable turnover = $1,500,000/$610,000 = 2.46 times
The number of days' sales in receivables = 365/2.46 = 148.37 days
The note may lack the essential requisites of being a negotiable instrument, that is why it is dishonored. And also if the consent of on of the parties is not clear or they have no meeting of minds when executing such promissory note then it can be dishonored because of its substantial insufficiency of the reason to give its consent.
Answer:
production.
Explanation:
Based on this model, households earn income when firms purchase resources from them. Households own labor (individuals' work) and capital (savings and investments) resources.
Firms earn income when households purchase goods and services from them.
