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laiz [17]
3 years ago
15

The penalty for a substantial understatement is triggered when ____

Business
1 answer:
zysi [14]3 years ago
3 0

Answer:

The correct answer is A

Explanation:

A substantial understatement may occur when tax return is understated by an amount greater than 10% of the tax required to be shown on the tax return.

Example: If a tax payer that is suppose to report a $6000 tax due and choose to report a $2000 instead, to know if a penalty will be charged or not it has to be greater than 10% of the amount which is suppose to be reported (i.e $6000 x 10% = 600) . therefore in the case shown above the penalty will be applied

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Oliver works at Tate Corp., an apparel manufacturing company. He primarily focuses on the tastes and needs of the firm's custome
aleksandrvk [35]

Answer:

Explanation:

B

8 0
3 years ago
Universal Travel Inc. borrowed $500,000 on November 1, 2013, and signed a 12-month note bearing interest at 6%. Interest is paya
valentinak56 [21]

Answer:

C.$5,000.

Explanation:

November 1, 2013

Amount of Loan = $500,000

As the Interest is payable at maturity, at December 31, 2013 only one month of interest expense is accrued, which is not paid, Following Journal entry will be passed tor record the interest expense.

Dr.  Interest Expense               $2,500

Cr.  Interest Payable on Note  $2,500

Interest Expense = $500,000 x 6% x 2/12 = $5,000

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3 years ago
Terrance is very skilled in biological research and the scientific principles guiding his work. He is also punctual, well-organi
Veronika [31]

Answer:

<em>Transferable skills</em>

Explanation:

Transferable skills <em>include all abilities that you may have, that are helpful to companies throughout different employment and sectors. </em>

They may involve abilities that companies pursue in powerful applicants such as versatility, organisation, sportsmanship or other characteristics.

These skills can be used when searching for a new job to place your previous experience, especially if it's in another sector.

5 0
3 years ago
Q1: In about 200 words, write an essay analyzing the below case study using the SWOT framework.
IrinaK [193]

Essay writing is given to students in order to test their writing and reading skills.

<h3>How to write an essay?</h3>

Based on the information given, the way to write the essay will be given. Firstly, it's important to decide on your topic. In this case, it is an essay analyzing the STEEPLE Module.

Research should be done on the topic and create an essay outline.  STEEPLE stands for social, technological, economic, environmental, political, legal, and ethical. Set your argument in the introduction and develop it with evidence.

Finally, check the content, grammar, formatting, and spelling of your essay.

Learn more about essays on:

brainly.com/question/24799048

5 0
2 years ago
​Revel Inc., a cell phone manufacturer, decides to launch its new range of smartphones on the company's official Web site so tha
Nikolay [14]

Answer:

The answer is: Place

Explanation:

The four elements of the marketing mix (4 P´s) are:

  • Price
  • Product
  • Place
  • Promotion

Place (or distribution) refers to the point of sale.

Before Amazon, retailers would pay high prices for the right place to set up a store, "location, location, location" was everything. But internet sales shattered that scheme, just ask Sears or JC Penny about it.

With internet sales you can sell your product anywhere (all around the world) and many times you don´t even need a physical store. All you need are good logistics.

3 0
3 years ago
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