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2 years ago

The required retention period for Emerald Card log sheets or scanned images is current tax season plus:

Business

1 answer:

Fudgin [204]2 years ago

3 0

The required retention period for Emerald Card log sheets or scanned images is current tax season plus Three years.

Option A

Explanation:

Under a license of MasterCard International Incorporated, the H&R Block Emerald Prepaid MasterCard is issued by BofI Federal bank, FDIC Member. LLC is a registered agent of BofI Federal Bank, Emerald Financial Services.

Emerald card log sheets must be kept for three years after the current tax season has expired. This is known as the law for three years. The IRS will check all tax returns during the given period.

The Emerald card has an ATM limit of 3,000 US dollars per day. ATM withdrawals are generally limited to $1,000 or less per day by most cards. The cash load limit for Emerald is lower than the $1,000 average.

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Imagine two cities, Hometown and Visitorsville, where the rich, middle, and poor income recipients in one city have annual incom

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Answer:

The answer is letter A.

Explanation:

The true statement is Annual data on the distribution of income will indicate that the degree of income inequality in the two cities is identical.

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2 years ago

On January 1, Year 1, St. Clair Corporation issues 7%, 11-year bonds with a face amount of $90,000 for $83,497. The market inter

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Answer

The answer and procedures of the exercise are attached in the following image.

Explanation

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2 years ago

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Midwest Fastener Supply stock is expected to return 16 percent in a booming economy, 12 percent in a normal economy, and −3 perc

Anit [1.1K]

Answer:

11.28%

Explanation:

Midwest fastener stock is expected to have a 16% booming economy

12% normal economy

-3% recession economy

The probability of an economic boom is 12%

The probability of a normal state is 80%

The probability of a recession is 8%

Therefore, the expected rate of return can be calculated as follows

= (return in booming economy×probability of boom economy)+(return in normal economy × probability of normal economy)+(return in recession economy×probability of recession economy)

= (16%+12%)+(12%+80%)+(-3%+8%)

= 192%+960%+(-24%)

= 192%+960%-24%

= 1,128%/100

= 11.28%

Hence the expected rate of return on the stock is 11.28%

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2 years ago

An investment project has annual cash inflows of $4,200, $5,300, $6,100, and $7,400, and a discount rate of 14 percent. If the i

Eva8 [605]

Answer:

An investment project has annual cash inflows of $4,200, $5,300, $6,100, and $7,400, and a discount rate of 14 percent. If the initial cost is $7,000, the discounted payback period for these cash flows is ___2_____ years. If the initial cost is $10,000, the discounted payback period for these cash flows is___3____years. If the initial cost is $13,000, the discounted payback period for these cash flows is__4_____years. (Round your answers to 2 decimal places. (e.g., 32.16))

Explanation:

a) Data and Calculations:

Annual cash inflows of

Cash Inflow Discount Factor PV Running Total

Year 1 $4,200 0.877 $3,683.40 $3,683.40

Year 2 $5,300 0.769 4,075.70 7,759.10

Year 3 $6,100 0.675 4,117.50 11,876.60

Year 4 $7,400 0.592 4,380.80 16,257.40

b) An investment project's discounted payback period is the number of years it takes for an investment to recover its costs. It is the period when the project's discounted cash inflows equals the project's discounted cash outflows. It is another version of the payback period that uses discounted cash flows.

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2 years ago

Based on a predicted level of production and sales of 21,000 units, a company anticipates total variable costs of $105,000, fixe

tresset_1 [31]

Answer:

The budgeted amount of fixed costs for 19,000 units is $155,800

Explanation:

According to the Given Scenario the Following are Computation to find out the budgeted amount of fixed costs for 19,000 units.

$Current Contribution Margin = \frac{Fixed Cost + Operating Income}{No of Unit Sold}$

Current Contribution Margin =$25,200 + $147,000/21,000

Current Contribution Margin = $172,200/21,000

Current Contribution Margin = $8.2 per Unit

The Contribution Margin for 19,000 units = $8.2 × 19,000

The Contribution Margin for 19,000 units = $155,800

Therefore, The budgeted amount of fixed costs for 19,000 units is $155,800

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2 years ago

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