Topic- 12
Topic-12
DISCUSSION QUESTIONS
1.
Identify the features common to the gift tax formula and the estate tax formula.
The integration of the estate and gift taxes in 1976 provided for a cumulative progressive
transfer tax rate schedule. In this inte
The Lexus and the Olive Tree
Understanding Globalization
Financially, Citizens, and countries are no longer islands into themselves. With the advent of globalization, the computer, and in particular the internet, people can easily invest not only in forei
Name: Exercise: Course: Date:
Exercise 8-5, Recording Bad Debts Acc 422
(Inventoriable Costs-Error Adjustments) Craig Company asks you to review its December 31, 2007 adjustments to the books. The following information is given to you.
1. Craig uses the p
A=(1+apr/n)nt*p
9.4
9.6
Formula
Bank 1
$2,000.00
0.03
4
quarterly
2
$2,123.20
saving(p)
r(annual rate)
n
t
A@2 years
Bank 2
$2,000.00
0.03
12
monthly
2
$2,123.51
Bank 3
$2,000.00
0.03
365
daily
2
$2,123.51
9.5
saving(p)
r(annual rate)
n
t
A@2 years
$2,000
1) Write the following as an algebraic expression using x as the variable: Five more than the
product of 7 and a number
A. 7x + 5
B. 5 + 7 + x
C. 12x
D. 5 + 7 x
2) Write the following as an algebraic expression using x as the variable: The sum of a number