Individuals may file for and receive a six-month extension of time to file their tax return and pay their taxes without penalty.

Answer the following statement true (T) or false (F)


False

An extension does not extend the amount of time to pay the taxes due.

Business

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General capital assets should be distinguished from capital assets that are specifically associated with activities financed by proprietary and fiduciary funds, since capital assets acquired by proprietary and fiduciary funds are accounted for by those funds.

Answer the following statement true (T) or false (F)

Business

The monthly income of residents of Daisy City is normally distributed with a mean of $3000 and a standard deviation of $500

a. The mayor of Daisy City makes $2,250 a month. What percentage of Daisy City's residents has incomes that are more than the mayor's? b. Individuals with incomes of less than $1,985 per month are exempt from city taxes. What percentage of residents is exempt from city taxes? c. What are the minimum and the maximum incomes of the middle 95% of the residents? d. Two hundred residents have incomes of at least $4,440 per month. What is the population of Daisy City?

Business

How would you characterize the Chinese economy today?

What will be an ideal response?

Business

For a firm's diversification to be considered related linked, it must earn:

a. less than 70% of revenue from the dominant business and there are only limited links between businesses. b. more than 70% of revenue from the dominant business and have strong links between businesses. c. between 70% and 80% of revenues from a single business. d. 98% of revenues from a single business.

Business