Answer:
B. A decline in the value of the inventory.
Explanation:
Cost basis accounting: It is a method of calculating the value of inventory on actual cost for tax purposes as the purchase price is adjusted for dividends and return of capital distribution. It uses lower of cost either original cost or current market price. The market price should not be less or more than the net realizable value. Net realizable value is defined as the selling price minus cost of completion. Therefore, the cost basis of accounting to the lower-of- cost-or-net-realizable-value basis in valuing inventory is necessitated by a decline in the value of the inventory.
If a married couple filing jointly claiming exemptions & deductions as per the federal law then their total taxable income will be $44940. Option C is correct.
<h3>What is total taxable income?</h3>
The portion of gross adjusted income of an individual or jointly if married considered as "taxable income" which used to assess the tax liability for a certain tax year. It can be roughly defined as adjusted gross income (AGI) less permissible standard or itemized deductions.
This can be calculated by the following formula for married couples:
TTI = $68676 (AGI) - $3752 - $3375 (exemptions) - $959 (Itemized Deduction) - $8350 - $3650 -$3650 (standard deduction & exemption as per law)
Therefore, the Total Taxable income of couple = $44940
To know more about total taxable income refer:
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C- “Erik bought a good book: he read it in one afternoon” has proper punctuation and capitalization.
Explanation: In A, “book, he read it” is wrong. In B and D, they capitalize “He” in “he read it” despite it not being a new sentence. None of these work, leaving C.
Answer:
Explanation:
Discount bonds are issued on discounted price of their face value
Here discount = 11100000-9720000
= 1380000
on 1/07/2016
cash outflow or book value of bond
= 9720000
on 30/06/2017
interest paid = 999000
yield expected = 972000 ( 10% of issue price )
interest amortized
= 999000-972000 = 27000
book value = 9720000 + 27000
= 9747000
on 30/06/2018
interest paid = 999000
yield expected = 974700 ( 10% of book value )
interest amortized
= 999000-974700 = 24300
value amortized = 24300 + 27000 = 51300
book value = 9747000 + 24300
= 9771300
Amount unamortized
1380000 - ( 51300 )
= 1328700
Answer: Psychological
Explanation: A consumers intention to buy the product doesn't always lead to the actual purchase. There are various factors which needs to be considered. Psychological, substitution effect, the need of the product.
Gabbie will look for two things while purchasing the fight ticket, as she is not a morning person , she will prefer a flight in the afternoon or an evening or a night flight. And she would specifically look for a flight with WIFI. So this is psychological effect which influences the decision of Gabbie.
