Three years ago, Mrs. Gattis loaned $10,000 to Mr. Wren in return for his interest-bearing note. She made the loan to enable him to begin his own business. This year, Mr. Wren informed Mrs. Gattis that his business had failed and he was unable to repay the debt. Mrs. Gattis decided not to take legal action to enforce the debt. What are her tax consequences of this bad debt?

Which of the following statements are false regarding activity-based costing? non-manufacturing costs are important to include when calculating the cost of each product. costs are allocated based on a pre-determined overhead rate. transitioning from traditional costing methods to activity-based costing can be complicated and costly. activity-based costing follows the same basic calculation methods as traditional costing approaches. none of the above

Suppose a country's productivity last year was 84. if this country's productivity growth rate of 5 percent is to be maintained, this means that this year's productivity will have to be:

You need $87,000 in 12 years. required: if you can earn .54 percent per month, how much will you have to deposit today?