You will need $228,790 in 28 years to supplement your retirement funds. If you can earn 8% interest, you must save $________ each year. (Table or calculator required.)
A)
8,100
B)
6,300
C)
3,600
D)
2,400
D
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What federal agency requires that the seller of a franchise give the potential buyer Franchise Disclosure Document (FDD) and audited financial statements?
a. The Securities and Exchange Commission (SEC) b. The Interstate Commerce Commission (ICC) c. The Federal Trade Commission (FTC) d. The Franchise Sales Commission (FSC)
Korsak Corporation is a service company that measures its output by the number of customers served. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. Fixed Element per MonthVariable Element per Customer ServedRevenue $5,500Employee salaries and wages$43,700 $1,100Travel expenses $500Other expenses$43,200 ?The planning budget for October was based on serving 23 customers, but a total of 19 customers were actually served during October.?The activity variance for "Other expenses" for October would have been closest to:
A. $800 F B. $8,126.32 U C. $800 U D. $0
Compare and contrast sole proprietorships and general partnerships
What will be an ideal response?
Which of the following statements regarding the IRS and/or Tax Court approaches to allocating home-related expenses between rental use and personal use is correct?
A. The Tax Court approach allocates more property tax and interest expense to rental use than does the IRS approach. B. The IRS approach allocates interest expense and property taxes to rental use based on the ratio of the number of days of rental use to the total days of the year. C. The Tax Court and the IRS approaches allocate the same amount of expenses, other than interest expense and property taxes, to rental use. D. None of the choices are correct.