If an individual taxpayer is unable to file a tax return by its original due date, the taxpayer can request an automatic nine-month extension to file the return.

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


False

Business

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XBRL is based on the XML language.

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

Business

Clough Company is interested in establishing the relationship between utility costs and machine hours. Data have been collected and a regression analysis prepared using Excel. The monthly data and the regression output follow:MonthMachine HoursUtilityCostsJanuary3,250$22,080 February3,770 25,200 March2,470 16,200 April4,030 27,600 May4,940 33,900 June4,290 26,400 July5,330 29,700 August4,550 27,300 September2,600 18,600 October4,810 31,200 November6,110 37,200 December5,460 33,300 Required:(a.) What is the equation for utility costs using the high-low method?(b.) Prepare an estimate of utility costs for a month when 3,000 machine hours are worked.

What will be an ideal response?

Business

At Comfort Homes, a manufacturer of furniture and home accessories, the global operating units report directly to the chief executive instead of a head of an international division

The company recruits management from many countries and buys components and supplies where they cost the least. Comfort Homes is most accurately classified as a(n) ________. A) direct exporter B) geographical organization C) international subsidiary D) global organization E) world product group

Business

Barney painted his house, which saved him $3,000. According to the realization requirement, Barney must recognize $3,000 of income.

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

Business