Yes, the Smith family will receive financial benefits for the taxable year. When you adopt a child, there are parts of the adoption process that are tax write offs for the family. Depending on the money spent, the different fee's paid and what all went into the adoption certain parts will be a tax credit they can apply and use as a deduction. Most of the time the expenses have to be at or over a percentage of your income.
Answer:
$508
Explanation:
The total assessed value of the house is $319,550 (= $84,550 + 235,000).
The annual tax rate is calculated in 100s, therefore we must divide $319,550 by $100 = 3,195.5 which will be rounded up to 3,196 100s.
Now we multiply 3,196 x $1.91 = $6,104.36
to calculate the monthly payment we divide $6,104 by 12 = $508
Answer: c. Decline is reversible at the crisis stage, whereas it is irreversible at the dissolution stage.
Explanation: Crisis Stage; at this stage decline is still reversible if the
organisation reorganizes it ways of operations or conducting business. What they can do at this point is to carryout cutbacks and layoffs which would help reduce it's financial burden and create additional capital to run the business. At the dissolution stage nothing can be done anymore to salvage the company as it would have run into bankruptcy and would need to fold up.
Answer:
What would be the impact on January 1, 2015, the date of the sale?
The following journal entries should be made to register the sale:
January 1, 2015: 2 cars are sold
- Dr Cost of Goods Sold 37,000
- Cr Merchandise Inventory 37,000
- Dr Accounts Receivable 50,000
- Cr Sales Revenue 50,000
On January 30, 2015 Outback Subaru Limited received payment in full from the town for the cars. What would be the impact of this transaction on this date?
The following journal entry should be made to register the payment:
January 30, 2015: the local government paid the cars
- Dr Cash 50,000
- Cr Accounts Receivable 50,000
Sampling error occurs when a sample somehow does not represent the target population.
Answer:
Statement (A) is true
<u>Explanation:</u>
Sample means a small group selected from a large group.The large group from which a sample is selected is called the population.Basically a sample is selected to draw conclusions regarding population because it is not possible to study the entire sample.But if sample sample does not represent the target population then our conclusions will not be accurate.This will give rise to sampling errors.
If occurs when sample is biased.So we need to be very careful while selecting a sample.It must represent the entire population not just a part of population.
Sampling error can be reduced by increasing the size of population,dividing population in groups,select appropriate population.
Sampling error occur when population is not correct as per our requirement,or when sample is selected randomly.It may also occur when sample selected does not respond ,at that time it becomes difficult to draw conclusions regarding population.
