Which of the following is information gathered directly from respondents in order to specifically address a question at hand?
A) ethnographic observations
B) experimental hypotheses
C) primary data
D) secondary data
E) internal data
C
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Suppose People's bank offers to lend you $10,000 for 1 year on a loan contract that calls for you to make interest payments of $250.00 at the end of each quarter and then pay off the principal amount at the end of the year. What is the effective annual rate on the loan?
A. 8.46% B. 8.90% C. 9.37% D. 9.86% E. 10.38%
Effective internal control requires a department to purchase supplies on its own
Indicate whether the statement is true or false
Satish, age 11, is a dependent of his parents. His only source of income in 2018 is $8,000 of interest income on bonds given him by his grandparents, resulting in taxable income of $6,950. Under kiddie tax rules, calculation of tax requires dividing taxable income between net unearned income and earned taxable income. Satish's taxable income will be divided as follows:
A. net unearned income -$8,000 and earned taxable income -$1,050. B. net unearned income -$0 and earned taxable income -$6,950. C. net unearned income -$6,950 and earned taxable income -$0. D. net unearned income -$5,900 and earned taxable income -$1,050.
Viruses and security attacks have decreased consistently each year.
Answer the following statement true (T) or false (F)