Answer:
a. Percentage of all taxpayers who file electronically = 63%
b. The number of people who hire an accountant or professional tax preparer is:
= 613
c. The data for the method of preparing the tax return would be considered CATEGORICAL.
Explanation:
Sample of adults aged > 18 = 1,021
Those who planned to file their taxes electronically = 644
This number represents 63% (644/1,021) of the population.
a. We can estimate that percentage of all taxpayers who file electronically as 63%.
b. If 60% of the people surveyed had their tax return prepared by hiring accountants or professional tax preparers, the number of people who did this = 60% of 1,021 = 613
c. Methods for filing tax returns:
Electronic filing
Manual preparation
Online tax service
Software tax program
d. There are four categories here. Data is categorical when the variables take on category or label values. On the other hand, quantitative data take numerical values and can be measured. In this tax filing example, method of tax filing is a categorical variable because a taxpayer can only use one method or be put in one category.
Answer:
2,000 loss on redemption
Explanation:
the company will recognzie considering the current value of the bonds, thus the carrying value:
as the face value is lower than carrying value there is a discoutn for the difference: 104,000 - 98,000 = 6,000
When we compare the cash outlay with the carrying value we sovle for the redemption result:
98,000 bonds are paid at 100,000 therefore 2,000 loss
bonds payable 104,000 debit
loss on redemption 2,000 debit
discount on BP 6,000 credit
cash 100,000 credit
Answer:
The answer is to minimize the reodering cost
Explanation:
We have three motives for holding inventory
1. Transaction motives of holding inventory This is to enable day to day transaction running of inventories.
2. Precautionary motives of holding inventory: Holding inventory to guard against unforeseen circumstances or to meet emergencies. For example, unexpected increase in demand.
3. Speculative motives of holding inventory. This is the holding of inventory in order to take advantage of any potential Investments. For example, to hedge against risk, take advantage of discounts.
All the options EXCEPT 'to minimize reodering cost' option are the reasons holding inventories.
It should be noted that an act that is legal but unethical is the payment of minimum wage to full-time employees.
<h3>
Legal but unethical practices.</h3>
An act that is legal but unethical is the payment of minimum wage to full-time employees.
In this case, even though the minimum wage is legal and it's a federal law, those often for minimum wages usually run into debt when they are unable to meet their expenses.
Some companies take advantage of the minimum wage and pay their employees less wages when though they're aware that the employees deserve more wages. This is unethical even though it's legal.
Learn more about ethics on:
brainly.com/question/18401975
Answer:
29.80%
70.20%
Explanation:
The computation of weights should it use for its WACC is shown below:-
FMV of Andyco's Equity = Equity × Equity market-to-book ratio
= $690 × 1.4
= $966
Weight for Debt = Debt ÷ (FMV Equity + Debt)
= $410 ÷ ($966 + $410)
= $410 ÷ $1,376
= 29.80%
Weight for Equity = FMV Equity ÷ (Debt + FMV Equity)
= $966 ÷ ($410 + $966)
= $966 ÷ $1,376
= 70.20%
Therefore we have applied the above formula