Inflation is the situation money is losses some of its value due to general process levels rises in the economy.
- Hence it can be best be defined as the increase in the amount of money and credit in the economy related to the supply of services and goods.
- Thus its an upward, general trend of prices in the economy. Hence the option D is correct.
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A I’m not doing this but pretty sure A
Answer:
the amount of bad debt expense for the year 2020 is $36,000
Explanation:
The computation of the amount of bad debt expense is shown below:
= Estimation of 3% net sales that would be uncollectible
= 3% of ($1,500,000 - $300,000)
= 3% of $1,200,000
= $36,000
Hence, the amount of bad debt expense for the year 2020 is $36,000
The same is to be considered
Answer: 10.66%
Explanation:
The expected quoted annual rate of return when the bonds are bought and being held until maturity will be calculated thus:
Coupon payment = 1000 × 13% = 130
The Yield to Maturity formula will be:
= Rate(maturity period, coupon payment, -price, fave value)
= Rate(16, 130, -1176, 1000)
Yield to Maturity = 10.66%
Therefore, the expected quoted annual rate of return is 10.66%.
The gross value of qualifying property left to the surviving spouse is included in the marital deduction. This is not a requirement of the unlimited marital deduction.
Hence, option D is the correct answer.
Unlimited marital deduction is a clause that enables a person to give their spouse limitless property at any time. This clause belongs to the federal estate of the United States. No limitation on the transfer of property is imposed.
There is no requirement for the gross value of the property that is kept for the surviving spouse under the unlimited marital deduction.
Option a is wrong because a husband and wife must be married in order to qualify for the unlimited marital deduction, this choice is incorrect.
Option b is improper since the property should be passed to the spouse through real estate under unlimited marital deductions.
Option c is erroneous because, in order to qualify for the unlimited marital deduction, the surviving spouse must be a citizen of the United States.
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