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:
The endowment fund is not satisfied with the advisor's performance
Explanation:
Judging from a nominal interest rate perspective where return expected of an investment comprises of real rate of return and an extra return which is a compensation for inflation rate in the economy,the endowment fund is not satisfied with performance of the advisor.
The satisfactory rate of return that would be expected of the advisor is computed below:
nominal interest rate=real rate+inflation rate
real rate is 8.2%
inflation rate is 2.9%
nominal interest rate=8.2%+2.9%
=11.10%
Answer:
June 23 Received a $48,000, 90-day, 8% note dated June 23 from Radon Express Co. on account.
- Dr Notes receivable 48,000
- Cr Accounts receivable 48,000
Sept. 21 The note is dishonored by Radon Express Co.
- Dr Accounts receivable 48,960
- Cr Notes receivable 48,000
- Cr Interest revenue 960
When a customer defaults on a note, the company is allowed to convert the note back to accounts receivable and charge any accrued interests. Depending on the client, the company can give them more time (by switching back the note into accounts receivable) or the company can write off the note and try to sell it to a collection company.
Oct. 21 Received the amount due on the dishonored note plus interest for 30 days at 10% on the total amount charged to Radon Express Co. on September 21.
- Dr Cash 49,368
- Cr Accounts receivable 48,960
- Cr Interest revenue 408
Answer: c.) Yes, the process is in control.
Explanation:
For the process to be in control, the number of defects have to be between the Upper Control Limit and the Lower Control limits of the c-chart which can be used to measure defects of irregularities per unit.;
UCL = C-bar + z*√(c-bar)
LCL = C-bar - z*√(c-bar)
C - Bar = 
C - Bar = 
C - Bar = 4.375
z = 3 when using the 3 sigma control
UCL = C-bar + z*√(c-bar)
UCL = 4.375 + 3 * √(4.375)
UCL = 10.65
LCL = C-bar - z*√(c-bar)
LCL = 4.375 - 3 * √(4.375)
LCL = -1.9
LCL = 0 (Lower limit minimum should be 0 at least)
Defects are within the control limits. The process is in control.
