Answer:
<u>No</u> because the decline in value of her residence <u>does not</u> meet the "sudden, unexpected, and unusual, progressive deterioration" requirement for a casualty loss.
Explanation:
Terrah's house suffered no actual damage because of a recent forest fire in the area where she lives. Terrah cannot take a casualty loss for the decline in value of her residence caused by the fire as the decline in value of her residence dose not meet the "sudden, unexpected, and unusual, progressive deterioration" requirement for a casualty loss.
Final answer:
<u>No</u> because the decline in value of her residence <u>does not</u> meet the "sudden, unexpected, and unusual, progressive deterioration" requirement for a casualty loss.
Answer:
the acid test ratio is 0.7 times
Explanation:
The computation of the acid test ratio is shown below;
Acid test ratio is
= Quick assets ÷ current liabilities
= (Cash + marketable securities + account receivable) ÷ current liabilities
= ($37,000 + $39,000 + $97,600) ÷ ($248,000)
= 0.7
Hence, the acid test ratio is 0.7 times
This is the answer but the same is not provided in the given options
Answer:
c. $71 million
Explanation:
The net income and dividends are the factors responsible for increase an decrease in retained earnings. Net income is added to the retained earnings balance while dividend is deducted from it.
Given the following information about NOW Inc,
net income = $152 million
Opening retained earnings balance = $459 million
Closing retained earnings balance = $540 million
$459 million + $152 million - Dividends = $540 million
Dividends = $459 million + $152 million - $540 million
Dividends = $71 million
Option c. $71 million
Answer:
Objectivity
Explanation:
Objectivity as an element of ethical research requires a researcher to carry out the full research study or experimentation right from the design stage to the final analysis or interpretation to be free of any form of bias towards the outcome of the research study, findings or conclusion.
Hence, in this case, the element of ethical research that best describes these ideals is OBJECTIVITY.
It is to be noted that the demand for sandwiches and ice cream cones consumed after the price of ice cream cones rises to $2 a piece will both reduce (all things being equal).
<h3>Why would the demand for both items reduce?</h3>
The demand for both goods will both come down because they are complementary or joint demand goods.
A pair of goods are termed "joint demand" when both must or usually is consumed with the other.
Recall that (where all things are equal) demand will decrease as price increases.
Learn more about demand at;
brainly.com/question/1245771
#SPJ11
