Answer:
$70,248
Explanation:
Calculation for the amount at which Field should record the note receivable and corresponding sales revenue on June 30, 2016
Using financial calculator to determine the PV of Note
Using this formula
PV of Note = Future value x PVF (i%, n)
Where,
Future value=85,000
n=2 year(2016-2018)
i= 10%
Let plug in the formula
PV Note= 85,000 x PVF (10%, 2)
PV Note= 85,000 x 0.82645
PV Note= $70,248
Therefore the amount at which Field should record the note receivable and corresponding sales revenue on June 30, 2016 is $70,248
Answer:
B. Head of household
Explanation:
Head of household is one of the filing status for taxes in the United States that has advantage of wider tax bracket and larger standard deduction. The following criteria is needed to file as head of household:
- should be unmarried by end of year
- maintaining their own residence or residence of parent
In this instance Jan will be able to file for head of household if she maintains a sperate residence for her mother and she is a dependent.
Answer:
A) engaged
Explanation:
Luis has a passion for his work with high motivation so engaged is the right choice to describe his situation. Other choices have negative meanings that don't match with Luis's work.
Answer:
The complete question is given in the explanation box below and the solutions to the problem is shown in the pictures attached herewith accordingly. Thank you.
Explanation:
a. Determine the degrees of freedom for this test.
b. Compute the test statistic.
c. Compute the p-value.
d. What is your conclusion? Let α = .05.
Answer:
$92,620
Explanation:
The computation of the amount to be reported as the cost of the land is shown below:
= Cash paid to construct a small office building + demolished cost + attorney fee + real estate broker fee - sale of salvage materials
= $79,340 + $8,250 + $1,630 + $5,080 - $1,680
= $92,620
All that cost which is related to the land is to be recognized.
All other information which is given is not relevant. Hence, ignored it