Answer:
FALSE
Explanation:
The LIFO conformity rule requires taxpayers that elect to use LIFO for tax purposes to use <u>no method other than LIFO to ascertain the income, profit, or loss for the purpose of a report or statement to shareholders, partners, or other proprietors, or to beneficiaries, or for credit purposes</u>.
Hence the IRS requires that the same method for income tax purpose be used for financial statement purpose
You can make them good by buying things with your credit card for little amounts of money and paying the bill right away!
And they allow you to buy houses and cars and qualify for things for cheaper...if you have the better credit you're going to get the house because you show you're responsible with your money.
Answer:
The correct answer is option a.
Explanation:
The initial price of movie rentals is $3.25.
The initial quantity is 100.
The price falls to $3.
This causes demand to rise to 120.
The price elasticity of demand a ratio of change in quantity demanded to change in price level.
The elasticity is calculated at -2.25, through the process given in images.
The price elasticity of demand here is greater than 1 which means it is elastic.
So, option a is the correct answer.
Answer:
O Savings and loan associations
Savings and loan associations- best financial for businesses and contractor. Big benefits, big short-term loans.
Answer:
approximate YTM = 7.48%
Explanation:
the approximate yield to maturity = {coupon + [(face value - market value)/n]} / [(face value + market value)/2]
approximate YTM = {$80 + [($1,000 - $1,050)/15]} / [($1,000 + $1,050)/2]
approximate YTM = ($80 - $3.33) / $1,025
approximate YTM = $76.67 / $1,025
approximate YTM = 0.0748 ≈ 7.48%