Answer: $104,000
Explanation:
Pretax income after the Adjustment = Pretax income before adjustments + Accrued sales revenue + Rent revenue earned - depreciation - accrued expenses - used insurance
= 120,000 + 29,000 + 7,000 - 31,000 - 12,000 - 9,000
= $104,000
The above were all period costs and so needed to be accounted for in the income.
The overall system<span> of </span>taxation<span> in the </span>United States<span> is progressive. </span>
Answer:
d. All of the above are correct
Explanation:
Demand refers to the quantities of a product that buyers are willing to purchase at a given price over time. The relationship between demand and price is explained in the law of demand. The law asserts that everything else remaining constant, the demand for a product is indirectly related to its price.
The demand curve illustrates the relationship between price and demand for a service or product. The curve is downward sloping showing how the quantity demanded changes with changes in price. Most goods will behave as per the demand curve. However, inferior goods tend to behave differently. An increase in income reduces the demand for an inferior product.
Answer:
True
Explanation:
The requirement that an F-1 student must maintain a full-time student status is true. F-1 students are academic students allowed to enter the United States as full-time students at some accredited colleges, universities, seminaries, conservatories, academic high schools, elementary schools, or other academic institutions or in a language training programs. These students usually come with F-1 visas, which last for a maximum of five years, provided the student status is maintained.
