Answer:
Explanation:
1. April 1, 2018
Dr Notes Receivable 570,000
Cr Cash 570,000
2. Dec 31, 2018
Dr Interest Receivable 47,025
Cr Interest revenue 47,025
*Interest Revenue = Face value*Annual int. rate*Fraction of the year = 570,000*11%*9/12 = 47,025
3. April 1, 2019
Dr Cash 632,700
Cr Notes receivable 570,000
Cr Int receivable 47,025
Cr Int revenue 15,675
*Int revenue = 570,000*11%*3/12 = 15,675
Answer:
The plot is attached.
a) <u>
Linearity Condition:</u>
an upward pattern is seen in the dissipate plot. All the focuses are plotted near one another demonstrating that the relationship is solid. Henceforth I can say that there is a solid positive straight connection among spending plan and gross. As the estimation of spending builds, the estimation of gross likewise increments.
Truly, the plot is sensibly honest without any Bends.
b) <u>Equal Spread Condition:</u>
to check the suspicion of equivalent spread condition, a lingering plot is required. A remaining plot is plotted with the free factor on the x-pivot and the lingering esteems on the y-hub. In the event that the remaining plot has arbitrary focuses, I can say that the difference is consistent. As such, a leftover plot with irregular focuses is said to follow the presumption of fairness of difference.
For this situation, the leftover plot isn't appeared, consequently there is inadequate data to check the equivalent spread condition.
c) <u>
Normality Condition:</u>
Another presumption of relapse examination is the suspicion of ordinariness of residuals. This presumption can be checked with the assistance of PP plot. A PP plot with S shape shows that the suspicion of ordinariness of residuals is followed.
For this situation, there is inadequate data to check the typicality presumption in light of the fact that the PP plot isn't given.
Answer:
Ashley may not claim Candy as her dependant even if other requirements are met.
Explanation:
Ashley is single and lives with Barney, her boyfriend, and Candy, his 8-year-old daughter. Ashley paid all of the support for her household in 2018. Barney has earned income of $2,500 and had income tax withheld from his wages. He has no other income and is not required to file an income tax return. With one qualifying child, Barney may claim an earned income credit. Barney files an income tax return solely to obtain a refund of withheld income taxes and does not claim EIC. Because Barney does not have a filing requirement and filed only to obtain a refund of withheld income taxes, Candy is not considered the qualifying child of Barney or any other taxpayer
Based on the explanation given Ashley cannot claim Candy as an independent because of the tax payer rule. If other requirements are met, Ashley cannot claim Candy as dependent because the girl in question isn't her child . Moreover, Candy is the full responsibility of Barney. Candy is under Barney's care and is solely required by law to take care of her.
Answer:
The nominal return on your investment was 11.58%.The real return on your investment was 14.58%.
Explanation:
real return = [[110- (95 + 4)]/95]*100
= 11.58%
nominal return = real return + inflation
= 11.58% + 3%
= 14.58%
Therefore, The nominal return on your investment was 11.58%.The real return on your investment was 14.58%.
Answer: It examines ethical rules and principles within a commercial context
Explanation:
Business ethics is concerned with distinguishing between right and wrong actions and decisions that arise in a business setting.
Customers, management, and employees all appreciate honest and ethical practices. Business ethics are vital because they help maintain a great reputation, help avoid significant financial and legal issues, and ultimately benefit everyone involved.