The correct answer is C) 2nd Circuit or the Federal Circuit.
Princess, who resides in the 2nd Circuit, recently found a circuit court case that is favorable to her income tax research question. The circuits that she would prefer to have issued the opinion are the 2nd Circuit or the Federal Circuit.
Princess has to go to the 2nd Circuit Court of Appeals that is located in Manhattan, New York, at the Thurgood Marshall US Courthouse. It exercises federal jurisdiction in six districts of the states of Vermont, New York, and Connecticut. The 2nd Circuit Court of Appeals was established by Congress in 1891.
Answer: C. is unreliable.
Explanation:
Kevin has signed the purchase agreement at fair price with good quality. However, the products arrived one month late which disrupted the production, it made Kevin feels that the <u>supplier is unreliable</u> because of the <em>unscheduled delay of steel frames</em>.
D. $137; $100
The base year cost is $100. 37% of this is $37 so the total cost of the basket of goods is $137.
Answer:
b. $7,972
Explanation:
The computation of the amount of the gross profit earned is shown below:
But before that we have to do the following calculations
Net sales = $35,000 - $3,600 = $31,400
Merchandise cost = $24,500 - $1,700 = $22,800
Discount allowed= $31400 × 2% = $628
Now
Gross profit earned is
= $31,400 - $22,800 - $628
= $7,972
