Since your first birthday, your grandparents have been depositing $1200 into a savings account on every one of your birthdays

The account pays 6% interest annually. Immediately after your grandparents make the deposit on your 18th birthday, the amount of money in your savings account will be closest to ________.
A) $37,086.78
B) $22,252.07
C) $44,504.14
D) $51,921.49

Answer: A

Business

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Tri-State Partnership has a fiscal year ending June 30. The partnership's four partners have the following ownership percentages and fiscal years: Boulder 40% Owner March 31 Granite 30% Owner December 31 Shale 20% Owner June 30 Slate 10% Owner June 30 Assuming the partnership does not make a Sec. 444 election and does not establish a business purpose for a different period, what tax year must Tri-State use to file its tax return?

A. September 30. B. June 30. C. March 31. D. December 31.

Business

Generally speaking, the higher the price-to-sales ratio, the better

Indicate whether the statement is true or false.

Business