Answer:
D) A 529 plan
Explanation:
A 529 plan is a tax-free savings account that can only be used for educational expenses.
It is authorized by Section 529 of the Internal Revenue Code and mainly sponsored by the states to encourage savings for future educational costs.
Final answer:
A 529 plan is a tax-free savings account that is specifically designed for future education expenses and is sponsored by states, state agencies, or institutions.
Explanation:
The tax-free savings account that can only be used for educational expenses is D) A 529 plan. A 529 plan is a tax-advantaged savings plan designed to encourage saving for future education costs. These plans, legally known as "qualified tuition plans," are sponsored by states, state agencies, or educational institutions and are authorized by Section 529 of the Internal Revenue Code. The funds in a 529 plan can be used for a variety of education expenses, including tuition, room and board, and textbooks at any accredited college or university, which includes most public and private higher-education institutions in the United States.
If the current date is 04/04/16, the earliest invoice due date for invoices with unpaid balances is 02/09/16, and the latest invoice due date for invoices with unpaid balances is 03/20/16, what will be printed by this script?
The script's output can't be precisely determined without knowing its contents. Assuming it's designed to analyze invoice due dates, it might print the earliest (02/09/16) and latest (03/20/16) due dates.
Explanation:Without knowledge of what the script actually contains, it is impossible to accurately say what it will print given the dates you provided.
Suppose the script is designed to determine the invoices' due dates. In that case, it may output the earliest and latest due dates, i.e., 02/09/16 and 03/20/16 respectively.
However, this is only speculation, as the precise output will depend entirely on the specific commands and instructions written in the script.
OR
The script will print the earliest invoice due date that is later than the current date, which is 02/09/16. It will also print the latest invoice due date that is earlier than the current date, which is 03/20/16. Therefore, the script will print:
Earliest invoice due date for unpaid balances: 02/09/16
Latest invoice due date for unpaid balances: 03/20/16
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On January 1, 2020, Carla Vista Co., a calendar-year company, issued $1,800,000 of notes payable, of which $450,000 is due on January 1 for each of the next four years.
The proper balance sheet presentation on December 31, 2020, is:
a) Current liabilities, $1,800,000.
b) Long-term debt, $1,800,000.
c) Current liabilities, $450,000; Long-term Debt, $1,350,000.
d) Current liabilities, $450,000; Long-term Debt, $900,000.
Answer:
c) Current liabilities, $450,000; Long-term Debt, $1,350,000.
Explanation:
The presentation of the long term liabilities of the balance sheet is presented below:
Liabilities section
Current liabilities
Note payable $450,000
Long term liabilities
Remaining balance $1,350,000
Total liabilities $1,800,000
Since the note payable is due for four years for $450,000 each so it shows the current liabilities and the remaining balance is transferred to the long term liabilities
Given that $450,000 of the notes payable is due within a year, it is considered a current liability, while the remaining $1,350,000 which is due after more than a year is classified as long-term debt.
The correct option is c.
Explanation:For Carla Vista Co., the proper balance sheet presentation on December 31, 2020, should classify a portion of the notes payable as current liabilities and the rest as long-term debt. Here is why:
The section of the notes payable that must be paid the next year, which is $450,000, falls under current liabilities. This is because this sum will be due within the calendar year (2021).
The remaining $1,350,000 (which is $1,800,000 minus $450,000) is measured as a long-term debt as it will not be due until after one year horizons, particularly in 2022, 2023, and 2024.
So, the correct response is c) Current liabilities, $450,000; Long-term Debt, $1,350,000.
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Why is consumer spending the most essential element toward reversing a recession/depression?
The fact that the interest paid on debt is a taxminus−deductible expense increases the cost of debt financing.
a. True
b. False
Answer:
It's B) False
Explanation:
Which institute supports OSHA in the research and training related to potential workplace hazards?
A.
Equal Employment Opportunity Commission
B.
Small Business Health Options Program Marketplace
C.
National Institute of Occupational Safety and Health
D.
Occupational Safety and Health Review Commission
Final answer:
Option C. The National Institute of Occupational Safety and Health (NIOSH) supports OSHA in research and training on workplace hazards. NIOSH is part of the CDC and provides scientific research as well as educational materials and training programs.
Explanation:
The institute that supports the Occupational Safety and Health Administration (OSHA) in research and training related to potential workplace hazards is the National Institute of Occupational Safety and Health (NIOSH). NIOSH is part of the Centers for Disease Control and Prevention and works closely with OSHA to provide research, information, education, and training in the field of occupational safety and health.
While OSHA is responsible for creating and enforcing workplace safety and health regulations, NIOSH supports these efforts through scientific research on workplace hazards and through developing educational materials and training programs.
Therefore, option C is correct.
A marine biologist is planning to move from Sydney, Australia to San Francisco. She has $5,000 Australian dollars (AUD) to make the move. In the summer of 2006, the exchange rate of USD/AUD is 0.765, and the USD is rising against the AUD. If the rising dollar trend continues, and all other economic elements remain equal, will her AUD be worth more USD now or later? Explain.
Answer:
Now, if takes 0.765 USD to be equal 1 AUD. when the dollar increases, it will take fewer dollars to equal 1 AUD. for instance, it takes 0.5 dollars per 1 AUD. The conversion will change to:5,000 AUD * (0.5 USD/AUD)
5,000 * 0.5
= $2,500
so, her AUD will be worth more now.
Explanation:
Solution
Given that:
Her present $5,000 AUD is worth $3,825 USD.
Then
5,000 AUD * (0.765 USD/AUD)
5,000 * 0.765
= $3,825
So,
If the USD dollar increases against the AUD, then, the ratio will reduce.
For example, it takes 0.765 USD to be equal 1 AUD. when the dollar increases, it will take fewer dollars to equal 1 AUD. for instance, it takes 0.5 dollars per 1 AUD. The conversion will change to:
5,000 AUD * (0.5 USD/AUD)
5,000 * 0.5
= $2,500
Therefore, her AUD will be worth more now.