Business, 17.09.2019 00:10 owenr4758

Wilma has a $25,000 certificate of deposit (cd) at the local bank. the interest on this certificate, $1,000, was credited to her account this year but she must pay an early withdrawal penalty if she cashes in the cd before next year. which of the following is a true statement?
a. wilma must include the $1,000 of interest in her income this year.
b. wilma must include the $1,000 of interest in her income when she cashes the cd.
c. wilma must include the $1,000 of interest in her income this year only if the bank waives the early withdrawal penalty.
d. wilma must include the $1,000 of interest in her income next year if she does not pay the early withdrawal penalty.
e. all of these

Answers: 3

Show answers

Another question on Business

Business, 21.06.2019 21:00

Sheldon has the following year-end account balances: accounts receivable, $5,000; supplies, $12,000; equipment, $18,000; accounts payable, $17,000; stockholders’ equity, $43,000. the cash account balance was not available at year-end. given the account balances listed, the balance in the cash account should be?

Answers: 2

Answer

Business, 21.06.2019 21:40

Tandard product costs deerfield company manufactures product m in its factory. production of m requires 2 pounds of material p, costing $4 per pound and 0.5 hour of direct labor costing, $10 per hour. the variable overhead rate is $8 per direct labor hour, and the fixed overhead rate is $12 per direct labor hour. what is the standard product cost for product m? direct material answer direct labor answer variable overhead answer fixed overhead answer standard product cost per unit answer

Answers: 1

Answer

Business, 22.06.2019 17:30

An essential element of being receptive to messages is to have an open mind true or false

Answers: 2

Answer

Business, 22.06.2019 17:40

Within the relevant range, if there is a change in the level of the cost driver, then a. total fixed costs will remain the same and total variable costs will change b. total fixed costs will change and total variable costs will remain the same c. total fixed costs and total variable costs will change d. total fixed costs and total variable costs will remain the same

Answers: 3

Answer

You know the right answer?

Wilma has a $25,000 certificate of deposit (cd) at the local bank. the interest on this certificate,...

Questions