Answer: B. Treasury notes.
Explanation:
Treasury Notes are tax exempt from all state and local taxation but are taxable by the Federal Government with the relevant tax rate being the investor's marginal tax rate.
The amount taxed is the interest received on the note when it matures. The investor can also be taxed on capital gain if they bought the Note at discounted prices and then sold it for more than that.
Answer:
Price charge to the residents = $4
Explanation:
Given:
p1 = 14 – q1 at a price of $8.00
p2 = 10 – q2
Find:
Price charge to the residents
Computation:
p1 = 14 – q1 at a price of $8
8 = 14 – q1
q1 = 6
In OPD q1 = q2
So,
p2 = 10 – q2
p2 = 10 – 6
p2 = $4
Price charge to the residents = $4
Answer:
See below
Explanation:
Given the information above, first we need to compute ending balance of account receivables.
Ending balance of account receivables = Beginning balance + Credit sales - Customer's account collected - Write off amount
= $125,000 + $1,400,000 - $1,350,000 - $0
= $175,000
The year end balance in the allowance for uncollectible account would be
= $175,000 × 10%
= $17,500
Now, the bad debt expense
= Year end balance of allowance for uncollectible account - Beginning balance of allowance for doubtful accounts + Written off
= $17,500 - $15,000 + $0
= $2,500
Answer:
Explanation:
Debit $ Credit$
a. Cash 3000000
Sales revennue (500*6000) 3000000
Warranty expenses 55000
Estimated warranty liability 55000
Estimated warranty liability 20000
Cash account 20000
b. Cash account 3000000
Sales revenue (500*6000- 56000) 2944000
Unearned warranty revenue 56000
Warranty expenses 20000
Cash account 20000
Unearned warranty revenue 20364
Warranty revenue (56000*20000/55000) 20364
Answer:
a.The simple ranking method.
Explanation:
From The given scenario is based on the simple Ranking method which is the simplest method of Appraisal under which every employee is compared with the others and ranked from best to worst.
