From the explanation below, the letter received by Basu is called a 90-day letter.
<h3>What is a 90-day letter?</h3>
A 90-day letter can be described as an IRS notification in which it stated that there was a discrepancy or error in the taxes of an individual, and that they would be levied until a petition is submitted.
If the taxpayer does not respond within 90 days, the audit inadequacies will result in a reassessment.
Learn more about IRS here: brainly.com/question/11986964.
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First, we need to determine how much per month Jay was spending:
200,000 / 100 = 2000
(2000)(.49)= 980$ a month
Then, mutiply by the 10 months:
9800$ dollars
It makes it hard for you to be a functioning citizen in the world and also makes your economical issues much worse.
Answer:
The assumptions that a perfectly competitive market is based on do not exist in the real world. But this market form exhibits efficiencies which others don't. That's why it is used in studying market structure.
Explanation:
Perfect competition is assumed to have the characteristics that are not found in the real world. For instance,
1. A large number of buyers and sellers
2. No barriers to entry and exit
3. Homogenous products
4. Buyers have perfect knowledge
5. Firms are price takers
All these do not really exist in the real world. Firms produce differentiated products. There are a number of restrictions like high costs, licensing, etc. Buyers do not have perfect knowledge.
But perfect competition exhibits both allocative as well as productive efficiency, while other market forms are mostly inefficient. That's why in studying market structure we start from perfect competition because it is the ideal case.
Answer:
A) The effect of not taking the time value of assets into consideration during the threat management process is that one's assessments might end up being inaccurate. This inaccuracy arises from not taking into account real-world phenomena such as inflation and interest that have a significant impact on the value of money over time.
) The net present value of a loss control investment represents the difference between the initial investment and all projected cash flow for a venture. It helps the owners of an organization determine whether or not a proposed investment is worth pursuing. If the value is positive, the proposed venture will be pursued. Inversely, if the value is negative, the proposed venture will be vacated.
Explanation: Ignoring the time value of money in risk management decisions may lead to wrong decisions or, at least, less than optimal decisions.