Other things equal, higher net profit margins mean higher discretionary financing needed
Indicate whether the statement is true or false
FALSE
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The legislative branch of the U.S. federal government is ________
A) monocameral B) bicameral C) tricameral D) polycameral
Austin, a single individual with a salary of $100,000, incurred and paid the following expenses during 2019: Medical expenses$ 5,000 Alimony (divorce finalized in 2019)24,000 Charitable contributions2,000 Casualty loss (after $100 floor)1,000 Mortgage interest on personal residence4,500 Property taxes on personal residence4,200 Moving expenses2,500 Contribution to a traditional IRA4,000 Sales taxes (no state or local income tax is imposed)1,300 ? Calculate Austin’s deductions for AGI.
What will be an ideal response?
If repossessed collateral is sold or otherwise disposed of by the creditor, the time, place, manner, and method of disposal must be:
a. commercially reasonable. b. scheduled with the debtor so that the debtor is able to attend. c. court ordered. d. perfected.
Shakira issues a check drawn on Thrifty Bank to United Office Supply to pay for six computer desks. Later, Shakira discovers defects in the goods and orders Thrifty to stop payment on the check. Shakira does not renew the order, and the bank clears the check eight months later. The bank
A. must recredit Shakira's account. B. must obtain funds from United to cover the amount of the check. C. must substitute acceptable goods. D. need not recredit Shakira's account.