Answer:
b. Married filling jointly
Explanation:
From the question we are informed about taxpayer's spouse who dies in August of the current year. In this case,
the taxpayer's filing status for the current year would be Married filling jointly. Joint return can be regarded as tax return which is been filed with the Internal Revenue Service by two married taxpayers that decide to have a filing status of "married filing jointly" or a widowed taxpayer that decide to have a filing status of " Qualifying Widow "A joint return give room for the
taxpayers to join their tax liability as well as report their income, credits and
deductions on the same joint return.
The joint return rates still validly
apply even two year after the death of a particular spouse, so far the
surviving spouse of the dead spouse does not remarry and still maintains a household as regards a dependent child.
Answer:
Finland has a free-market economy
Explanation:
The fact that would most support this conclusion is that Finland has a free-market economy. A free market is an economic system characterized by a spontaneous and decentralized order of arrangements by individuals allowing them to make their own economic decisions based on supply and demand in that current time with little or no government control in the matter. This is an economic system that can only work in a developed economic nation.
(a) Total assets = Current assets + Fixed assets
Total assets = 2180 +9400 = 11,580
Total liabilities = Current liabilities + long term debt
Total liabilities = 1355+3990 = 5,345
According t the accounting equation, Stockholders equity = Total assets - Total liabilities = 11,580-5,345 = 6,235
Stockholders equity = $6,235
(b) Working capital = Current assets - Current liabilities
Working Capital = 2180-1355
Working Capital = $825
Answer: $101,250
Explanation:
Given that,
Expects to purchase material in July = $90,000
Expects to purchase material in August = $105,000
August's cash disbursements for materials purchases:
= 75% of August purchases + 1/4 of July purchases
= 0.75 × $105,000 + 0.25 × $90,000
= $78,750 + $22,500
= $101,250
Answer:
The correct answer is letter "A": an economic downturn that persists for more than two consecutive quarters of the year.
Explanation:
Recessions are economic downturns in an economy characterized by the fall growth for more than two consecutive quarters. The most important indicator that determines the economic downturn is the real Gross Domestic Product (GDP). The National Bureau of Economic Research (NBER) is the entity in charge of calling the recession.
