Answer: April 15, 2022
Explanation:
The limit on issuing cash refunds is three years which means that Jose would have to file the amended return within three years if he hopes to obtain a refund on the taxes he paid in 2018.
The deadline to file returns for 2018 is April 15, 2019 so if the deadline is 3 years from then, the latest date would be:
= 2019 + 3
= 2022
= April 15, 2022
<em>Options presented might be for variant of question. </em>
Answer:
Bonds are different from stocks because bonds promise fixed payments for the length of their maturity.
Explanation:
The stocks and binds differ in a way that the payments on stocks are variable and subject to many factors such as Net income and dividends which are variable. On the other hand, the bonds carry a fixed payment and this payment is made whether a company is making a profit or not and this doesnot change.
Answer:
Chen should buy the new machine since it produces a positive NPV of $1,294
Explanation:
Summary of the Project Cash Flows is as follows :
Year 0 = ($120,000)
Year 1 to Year 10 = $18,900
The Project cost of capital = 9%
Calculation of the Project`s NPV :
<em>NPV can be calculated from this summary using a financial calculator as :</em>
<em>CF0 = ($120,000)</em>
<em>CF1 = $18,900</em>
<em>Nj = 10</em>
<em>i = 9 %</em>
<em>NPV = ? </em>
<em>NPV = $1,293.73 or $1,294</em>
The Project is accepted only if it has a Positive NPV
Conclusion,
Chen should buy the new machine since it produces a positive NPV of $1,294.
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