Charlie is claimed as a dependent by his parents in 2018. He received $8,000 during the year from a part-time acting job, which was his only income. What is his standard deduction?
A. $8,350
B. $1,050
C. $8,000
D. $12,000
Answer: A
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A 60-day, 12% note for $7,000, dated April 15, is received from a customer on account. The face value of the noteis
a. $6,860 b. $7,140 c. $7,840 d. $7,000
Mansour Memorial Diner is a charity supported by donations that provides free meals to the homeless. The diner's budget for February was based on 3,000 meals, but the diner actually served 3,400 meals. The diner's director has provided the following cost formulas to use in budgets: Fixed element per month Variable element per mealGroceries$0 $2.20 Kitchen operations$4,100 $1.90 Administrative expenses$3,600 $0.60 Fundraising expenses$1,100 $0.00 ?Required:?Prepare the diner's flexible budget for the actual number of meals served in February. The budget will only contain the costs listed above; no revenues will be on the budget.
What will be an ideal response?
The capital expenditures budget summarizes the effects of investing activities on cash.
Answer the following statement true (T) or false (F)
The net present value (NPV) method implicitly assumes that the rate at which cash flows can be reinvested is the required rate of return, whereas the internal rate of return (IRR) method implies that the firm has the opportunity to reinvest at the project's IRR.
Answer the following statement true (T) or false (F)