Answer:
Normed testing method
Explanation:
Norming refers to the way toward developing a standard test to analyse the performance of candidates, and such an analysis is essential to examine the mental and psychology of individuals. The normed test is a way to evaluate students by comparing with candidates who have already passed those tests. The normed testing method will evaluate candidates a lot better than other testing techniques, as it monitors every candidate.
You with college applications
Since the company is following a periodic inventory system, it has to use temporary accounts to record sales and purchases.
Transaction A
Purchases – Dr 860500
Accounts payable 860500
Transaction B
Accounts payable - Dr $111,600
Purchase returns $111,600
Transaction C
Accounts payable - Dr 748900
Discount received 14,978
Cash 733,922
Answer:
The answer is: C) II and III
Explanation:
The benefits for filing your tax return online are:
- You can save money since you don't have to hire an accountant or other professional to file your taxes
- It is very simple and easy, since the tax software is very user friendly and intuitive.
- You can file your taxes from anywhere as long as you internet connection. This can save a lot of time and money, instead of having to physically go to an IRS office.
- Tax software helps you gain financial knowledge and that is always useful.
- It ensures accuracy since tax program can do accurate calculations on your behalf.
- You can receive your tax refund faster if you file your taxes online. Usually within 21 days the IRS is sending out refunds based on taxes filed only.
Answer:
Option (A) $130,000,000
Explanation:
Data provided in the question:
Excess reserves = $80,000,000
Checkable deposits = $500,000,000
Reserve requirement by the bank = 10%
Now,
The bank’s total amount of reserves will be
⇒ Reserve requirement × Checkable deposits
or
= 10% × $500,000,000
= 0.10 × $500,000,000
= $50,000,000
Hence,
the total amount of reserve = Required reserve + Excess reserves
= $80,000,000 + $50,000,000
= $130,000,000
Option (A) $130,000,000
