Answer:
$2,297.50
Explanation:
The annual lease value for Brent's Toyota Prius is $9,750. Since he uses the car approximately 20% of the time for personal use, then Brent's share of the annual lease is = $9,750 x 20% = $1,950
This 20% of personal use represents 6,950 miles (= 34,750 miles x 20%), if the company charges him five cents per mile, then Brent is receiving $347.50 (= 6,950 x $.05
) for personal fuel use.
Brent's total taxable benefit = $1,950 + $347.50 = $2,297.50
Answer:
The correct answer is letter "A": True.
Explanation:
The cost principle or historical cost establishes that an asset must be recorded at its face value at the moment when the asset is acquired. That cost is recognized as the value of the asset unless there is reasonable proof to state the opposite. Under this principle, any organization can register in its books an asset that has not been part of a transaction yet.
Answer:
The answer is C. $500,000 + .40X = X
Explanation:
$500,000 + .40X = X
Break even point = 500000 ÷ 500
= 1000 units
Answer:
d) may be shorter or longer than monetary policy lags.
Explanation:
Remember, the term policy lags refers generally to the lag or length of time between the time when an economic problem is discovered, like increased unemployment, and the extent to which policy solves the economic problem.
From a general perspective this policy lags in fiscal policy may be shorter or longer than monetary policy lags depending on the political and economic environment of the country.
Answer: A - Throughout the course of the trading day, an investor performs several cash transactions in his account which total $12,000.
Explanation: Currency Transaction Reports mandated by Anti-Money Laundering rules require a report to be filed when any of the below stated transactions occur in an account.
1. If the daily aggregate cash transactions of an individual exceeds $10,000
2. if 2 different transactions within a 12 months period seems related and their aggregate exceeds $10,000 must be reported.
3. Any suspicious customers action that suggest that they are laundering money or otherwise violating federal criminal laws and committing wire transfer fraud, check fraud, or mysterious disappearances should be reported
