Answer:
c. personal objectives
Explanation:
Business purchase decision based on personal objectives -
It refers to the practice of establishing the business or any project which is beneficial as being fruitful in personal relation , is referred to as personal objectives .
The method tends to divert to being able to fulfil his or her personal motto .
Hence , from the given scenario of the question ,
The correct answer is c. personal objectives .
Question Completion:
Chris and Heather are engaged and plan to get married. Chris is a full-time student and earns $8,500 from a part-time job. With this income, student loans, savings, and nontaxable scholarships, he is self-supporting. For the year, Heather is employed and reports $83,600 in wages.
Answer:
Chris and Heather
Taxable income and income tax (jointly):
Gross income $92,100
Standard deduction 24,000
Taxable income $68,100
Income tax $14,982
Explanation:
Chris' income = $8,500
Healther's wage= $83,600
Gross income = $92,100
Standard deduction (jointly) = $24,000
Income tax rate = 22%
Income tax (jointly) = 22% of $68,100 = $14,982
Below are the three different ways decision makers might select projects while considering both<span> financial and non-financial factors:
1. Financial analysis can be the main strategy for choosing ventures.
2. Financial analysis can be a screening gadget to qualify potential undertakings for thought utilizing a scoring model to settle on determination choices.
3. Financial analysis can be one factor in a multi-factor scoring model used to choose ventures</span>
To adjust for rent used up during the year that was recorded to the prepaid rent account when paid for;
- Rent expense is debited, prepaid rent is credited
<h3>Prepaid rent account</h3>
A prepaid rent account simply a current asset account that's responsible for reporting the amount of future rent expense that was paid in advance of the rental period.
On this note, the amount reported on the balance sheet is the amount that has not yet been used or expired as of the balance sheet date.
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Tasks associated with opening a checking account are:
- Provide information such as name, address, date of birth, and Social Security Number.
- Provide identification.
- Deposit at least the minimum balance.
- Sign an authorization card.
A checking account makes it simple to access your money for daily transactions while also keeping it safe. Typically, customers can pay their bills or make purchases using a debit card or a cheque. Different methods may be available for accounts to help avoid the monthly service charge.
A checking account's main function is to store your money in a safe location for a brief period of time, making it accessible when you need it to cover bills and other costs.
Customers who open checking account consent to make deposits into the account, and in return, the bank is obligated to carry out their payment instructions.
Before creating a checking account, it is important to weigh your options and find out whether or not the entity will charge you for maintaining the account and any related items. Being of legal age and fulfilling the conditions established by the chosen financial institution are the second prerequisites you must meet in order to open a checking account.
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