Answer: D. Either Linda or Dennis, but not both.
Explanation: AGI stands for adjusted gross income. This is basically your gross income which is adjusted after tax deduction.
In this case, because the house is shared between Linda and Dennis and also since they are the ones who earn only. Therefore, either one of them would be eligible for earned income tax credit.
If they had been living in separated houses, both of them would have received the earned income Tax Credit.
The answer would be a written memo. On the off chance that the client is a partner, the arrangement is normally considerably more adaptable. At its most fundamental level, an update can be a manually written note to one's chief. In business, an update is ordinarily utilized by firms for inner correspondence, rather than letters which are regularly for outside correspondence.
Answer:
8.88
Explanation:
Data provided in the question:
Initial income, I₁ = $65,000
Initial novel purchased, D₁ = 10
Final income, I₂ = $68,000
Final novel purchased, D₂ = 15
Now,
Tim's income elasticity of demand for novels will be
= 
on substituting the respective values, we get
= 
= [5 ÷ 25] ÷ [3,000 ÷ 133,000 ]
= 0.2 ÷ 0.0225
= 8.88
Answer:
Net cash flow from operating activities = $62,200
Explanation:
EZ Company
Statement of Cash Flow
Particulars Amount ($)
Net Income 50,000
Net cash flow from operating activities:
Depreciation expense 7,000
Amortization of patent 500
Amortization of premium on bonds 1,000
Decrease in accounts receivable 2,000
Increase in inventory (1,500)
Decrease in salaries payable (800)
Increase in accounts payable <u> 4,000</u>
Net cash used or provided <u> 12,200</u>
Net cash flow from operating activities =$62,200
Cash dividend is a financing activities, that is why it is not added or deducted in the operating activities.
Reality of contract of an agreement is said to be present in a contract when there is genuineness.
When there is true meeting of minds or reality of agreements is the genuineness. Fraud charges are proven wrong only if they are in a written form of contract.
Be it spoken or act of conduct it cannot be stated as a fraud without any consent present information. They are not backed by fraud cloud, misrepresentation, undue influences and mistakes. It is definite and claim which is fairly straight forward in contracts. Reality emerges if the contract is fulfilled on time with due influence.
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