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Tom [10]
3 years ago
15

On March 19, 2015, Karen dies and leaves Larry an insurance policy with a face value of $100,000. Karen is Larry's sister, and L

arry elects to take the proceeds over 10 years ($10,000 plus interest each year). This year Larry receives $13,250 from the insurance company. How much income must Larry report for the current year?
Business
1 answer:
Paladinen [302]3 years ago
8 0

Answer:

$3,250

Explanation:

Calculation to determine How much income must Larry report for the current year

Current year income=$13,250-$10,000

Current year income=$3,250

Therefore How much income must Larry report for the current year is $3,250

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3 years ago
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When an Accounts Payable department improves their information system resulting in faster payments to vendors, without the Accou
weeeeeb [17]

Answer: C) suboptimization

Explanation:

The Accounts Payable department's system has been optimized yet the Accounts receivable's system has not been optimized. This means that the company as a whole is suboptimized because only one department was optimized and the other was not.

It can lead to problems such as a credit crunch because the company is paying cash faster than it is receiving it. If both departments were optimized, this wouldn't be the case as the payments and receipts would tally.

4 0
3 years ago
The higher the forgetting rate associated with a brand, product category, or message, the lower the warranted level of repetitio
Pani-rosa [81]

Answer:

False

Explanation:

Forgetting curve depicts how a person tends to forget about a particular information over time when there is no attempt to retain it.

Normally memory retention declines over time without repetition.

The lower the forgetting rate of customers associated with a brand the lower the number of repetition required to retain the information.

When rate of forgetting is high customers easily forget about the product. So there is need for higher repetition to keep the information fresh in their minds.

5 0
3 years ago
Fact Pattern 12-2A
uranmaximum [27]

Answer:A. unenforceable due to the preexisting duty rule.

Explanation: Preexisting rule is a common rule in law that is concerned with contractual agreement or obligations.

The pre-existing rule tends to state that when two parties in a contract have already agreed to the contract terms and conditions through signatures etc, any other request by any party to the modification of the contract can not be binding on either of the parties involved in the contract.

3 0
3 years ago
What does compounding interest mean??
ivolga24 [154]
Compounding interest is interest on top of interest.

For example, say you put 100 bucks in the bank.
You get 10% interest compounded daily on that 100 bucks.

That means that you get 10% interest not only on those 100 bucks, but all the money you make after.

So your interest would go from 10% on 100 bucks, to 10% on 110 bucks and so forth.

I hope this helps and please press that ❤ under my reply, it really helps!
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