Answer:
Asset.
Explanation:
An asset is a useful or valuable thing or person.
ABC Co. purchased merchandise on August 5 at a $1,000 invoice price with terms of 2/10, n/30 and paid for the merchandise on August 14. Determine its entry to record this purchase and the subsequent payment under both the gross method and the net method by matching the action on the left with the method on the right.
Answer:
Credit Cash for $980 on August 14: Both methods
Debit Merchandise lnventoty for $980 on August 5: Net method
Credit Merchandise Inventory for $20 on August 14: Gross method
Debit Discounts Lost for $20 on August 14: Neither method
Explanation:
Based on the information given the entry to record this purchase and the subsequent payment under BOTH THE GROSS METHOD and THE NET METHOD by matching the action on the left with the method on the right will be :
Credit Cash for $980 on August 14: BOTH METHODS
(100%-2%*$1,000)
Debit Merchandise lnventoty for $980 on August 5: NET METHOD
(100%-2%*$1,000)
Credit Merchandise Inventory for $20 on August 14: GROSS METHOD
(2%*$1,000)
Debit Discounts Lost for $20 on August 14: NEITHER METHOD
(2%*$1,000)
The length of a bond
A)Coupon Rate
B)Maturity
C)Par Value
D)Yield
Answer:
hecrgehms zgnhdmdunysbgsb
Explanation:
ed vs egnryntimyyi.z2
***ECONOMICS***
I’ll give a brainliest !
Economists calculate the trade-weighted value of the U.S. dollar by:
O A. examining the confidence global investors have in the dollar as a
reserve currency.
B. analyzing the decline in the dollar's purchasing power over time
due to inflation.
c. comparing the value of the dollar to currencies used by major U.S.
trading partners.
D. subtracting the market value of the U.S. dollar from the market
value of gold.
Jasmine opens her monthly bank statement and is thrilled to find she has more than $10,000 in her savings than she expected. Since it is late in the evening and past banking hours when she opened her mail, Jasmine does nothing to immediately rectify the error. The bank does not realize its mistake and Jasmine does nothing over the next couple days. In certain states, Jasmine may be guilty of
Answer:
larceny or theft
Explanation:
Assuming the bank does not realize its mistake and Jasmine does nothing over the next couple days. In certain states, Jasmine may be guilty of: theft.
What is theft?Theft can be defined as the act of stealing or taking what it is not yours.
Based on the scenario Jasmine will be quilty of theft because she refuse to notify the bank after noticing that the money she has in her bank is more than she expected.
Therefore Jasmine may be guilty of: theft.
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what is a benefit of obtaining a personal loan?
Answer:
you earn a large amount of money to get use immediately, only $3.99/mouth.
A benefit of obtaining a personal loan is the flexibility it offers in usage, along with fixed interest rates and repayment terms, helping individuals manage their finances effectively while potentially building their credit history.
One significant benefit of obtaining a personal loan is the flexibility it offers in terms of usage. Unlike specialized loans, such as car loans or home loans that are tied to a specific purpose, personal loans can be used for a wide range of expenses, such as consolidating high-interest debts, funding a wedding, covering medical bills, or making home improvements. This flexibility allows individuals to address their unique financial needs without restrictions.
Additionally, personal loans often have fixed interest rates and fixed repayment terms, which means borrowers can plan their budgets more effectively and have a clear timeline for paying off the loan. This stability can help individuals manage their finances better, as they know exactly how much they need to repay each month.
Moreover, personal loans can also be a useful tool for building credit history. By making timely payments on a personal loan, individuals can demonstrate their responsible borrowing behavior, which can improve their credit score over time. A good credit score opens doors to better loan options and favorable interest rates in the future.
In summary, a benefit of obtaining a personal loan is the flexibility it offers in usage, along with fixed interest rates and repayment terms, helping individuals manage their finances effectively while potentially building their credit history.
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Thomas is a commercial broker. He is representing the buyer in the purchase of an apartment complex in Dallas. Thomas also represents the seller. Both have authorized intermediary. The seller's attorney discloses to Thomas via email that the property has foundation issues but offers to increase Thomas' commission if Thomas doesn't tell the buyer. Thomas tells the buyer that there are no problems with the property, and the buyer ends up purchasing the property unaware of the foundation problems. Will Thomas likely be liable to the buyer for fraud
Answer:
Yes,it is a classic case of fraud as Thomas owes the buyer a duty of disclosure of material facts
Explanation:
Fraud
This is simply defined as act of deception. It is an act carried intentional by an individual to get an unfair advantage over another person.
The deceptive trade practices act
This is simply a federal law set up by government. It watches over business, making sure that fraud and misrepresentation do not take place when companies provide products and services.
In real estate, the seller required to tell the buyer about the property's condition and nothing should be left Thomas is guilty of fraud for covering up and not disclosing all conditions or state of the property.
The tests for disclosure outlined by the courts includes
1. The seller must not obstruct the buyer's attempts to inspect the property. The "as is" clause must be an important element of the contract.
2. The buyer and seller must not be in a relatively unequal bargaining position
All known defects must be disclosed by the seller
Some reasons people become entrepreneurs include_______.
A) like what they are doing
B) need for success
C) job security
D) need independence
Answer:
need for success
Explanation:
g Experts suggest that firms wanting to globalize through e-commerce must first localize, which means firms need to ________. A. use local suppliers, vendors, and distributors to manufacture products for the local market B. test their products and services in local markets before selling them over the Internet C. modify their products and services to meet the needs and interests of local cultures D. sell their products in a brick-and-mortar store before selling them through an e-market
Answer:
C. modify their products and services to meet the needs and interests of local cultures
Explanation:
Globalization is a phenomenon that enables companies to generate increased profitability and conquer new markets by implementing their businesses in other countries. Therefore, a company that wants to go global through e-commerce needs to modify its products and services to meet the needs and interests of local cultures, as entering an international market requires planning and structuring organizational processes that take into account that each country has their social and cultural particularities, their tastes and needs that are different from each other, which requires an adaptation of a company's products and services, so that they are well accepted and meet the specific needs of that market.
It is then necessary to research, plan and implement a global business strategy that takes local differences into account and includes them in its processes and values.
You recently launched a news website which is expected to be visited by millions of people around the world. You chose to deploy the website in AWS to take advantage of its extensive range of cloud services and global infrastructure.
Aside from AWS Region and Availability Zones, which of the following is part of the AWS Global Infrastructure that is used for content distribution?
A. Bastion Hosts
B. VPC Endpoint
C. Edge Location
D. Hypervisor
Answer:
C. Edge location
Explanation:
AWS Global infrastructure consists of multiple geographical locations. The locations are known as regions which provide a way to built highly fault tolerant infrastructures. AWS Global Infrastructures consists of four components; Availability Zones, Regions, Edge Locations and Regional Edge Caches.
Discount-Mart issues $10 million in bonds on January 1, 2021. The bonds have a ten-year term and pay interest semiannually on June 30 and December 31 each year. Below is a partial bond amortization schedule for the bonds: DateCash PaidInterest ExpenseIncrease in Carrying ValueCarrying Value 01/01/2021 $8,640,967 06/30/2021$300,000 $345,639 $45,639 8,686,606 12/31/2021 300,000 347,464 47,464 8,734,070 06/30/2022 300,000 349,363 49,363 8,783,433 12/31/2022 300,000 351,337 51,337 8,834,770 What is the interest expense on the bonds in 2021
Answer:
i believe it is 9,000 dollars
Explanation:
i looked it up
2-12. How would the compensation system change if the minimum wage provision of the Fair Labor Standards Act of 1938 were repealed?
Answer: Wages would drop in certain industries.
Explanation:
The Fair Labor Standards Act of 1938 allows for a minimum wage provision and it is based on this that a minimum wage is set at the Federal level.
If this law is repealed, some employers would decrease the wages they pay their employees so that they can make more profits. This might work in certain industries especially ones that require little skill due to the number of people who want jobs in those industries.
It would not work in a lot of other industries and employees would simply stop working if they are offered such low wages based on the perception that their skills deserve more compensation.
Then there are the Unions who would try to protect their members from wage decreases and would therefore push back against the employers.
Bottom-line is that employers might try to reduce the wages but they would only be partly successful.
Economist: Some policymakers believe that our country's continued economic growth requires a higher level of personal savings than we currently have. A recent legislative proposal would allow individuals to set up savings accounts in which interest earned would be exempt from taxes until money is withdrawn from the account. Backers of this proposal claim that its implementation would increase the amount of money available for banks to loan at a relatively small cost to the government in lost tax revenues. Yet, when similar tax incentive programs were tried in the past, virtually all of the money invested through them was diverted from other personal savings, and the overall level of personal savings was unchanged. The author criticizes the proposed tax incentive program by
The options are:
A). Challenging a premise on which the proposal is based.
B). Pointing out a disagreement among policymakers.
C). Demonstrating that the proposal's implementation is not feasible.
D). Questioning the judgment of the proposal's backers by citing past cases in which they had advocated programs that have proved ineffective.
E). Disputing the assumption that a program to encourage personal savings is needed.
Answer:
A). Challenging a premise on which the proposal is based.
Explanation:
The author critiques the suggested program of tax incentives by 'questioning the very premise on which the suggestion is based.' In the given proposal, the claim is based on the premise that if people are exempted from paying taxes on their savings accounts, they will be encouraged for saving more money. However, the author rebuts this premise by displaying the failure of such programs previously where people just attempted to redirect their money in order to get them into the tax-exempted accounts instead of saving more. Thus, the percentage of money saved by people remained unaltered. Hence, option A is the correct answer.
When Elaine accepted a position with Cannon Corporation in Dallas, Texas, she felt uneasy. She was new to the area and new to this company. However, she was pleased that her new job offered her the opportunity to play on the company volleyball team. She quickly made new friends and, through her new friends, learned about the city. Apparently, her new job satisfies Elaine's ________ needs.
A. physiological
B. esteem
C. social
D. self-actualization
Answer:
Social needs
Explanation:
In simple words, After physiological and safety requirements have been met, social needs refer to the need to form relationships with others. Because our interactions with everyone assist us minimize emotional problems such as sadness or worry, Maslow regarded the social stage to be an essential element of psychological development.
Thus, from the above we can conclude that the correct option is C.
In July, a toy store entered into a written agreement with a local supplier for 500 Halloween costumes at $25 per costume. Under the agreement, the costumes were to be delivered on or before October 1. On August 17, the supplier told the store that it would not under any circumstances be able to supply the costumes. The next day, the store contracted with a company to supply 500 similar Halloween costumes for $30 each for delivery on or before October 5. On September 1, the store filed a complaint against the local supplier for breach of contract. The supplier moves to dismiss the complaint. How should the court rule on this motion
Answer:
B. Deny it, because the supplier repudiated its contractual obligation.
Explanation:
Since in the given situation it is mentioned that On sept 1 the store has filed the complaint for the supplier in order to breach the contract and the supplier dismiss the complaint so here the court rule would deny as the supplier repudiated its contractual obligation towards the contract
So as per the given situation, the option b is correct
And, the same should be considered
Ford Company reports depreciation expense of $49,000 for Year 2. Also, equipment costing $168,000 was sold for its book value in Year 2. There were no other equipment purchases or sales during the year. The following selected information is available for Ford Company from its comparative balance sheet. Compute the cash received from the sale of the equipment. At December 31 Year 2 Year 1 Equipment $ 655,000 $ 823,000 Accumulated Depreciation-Equipment 464,000 545,000
Answer:
$38,000
Explanation:
Computation to determine the cash received from the sale of the equipment
First step is to calculate the Accumulated depreciation on equipment sold
Accumulated depreciation on equipment sold = $545,000 + $49,000 − $464,000
Accumulated depreciation on equipment sold= $130,000
Now let determine the Cash received
Cash received = $168,000 − $130,000
Cash received = $38,000
Therefore cash received from the sale of the equipment is $38,000
Lynnwood, Inc. had a retained earnings balance of $12,000 on April 1, and the company had the following transactions during April. Issued common stock for cash, $5,000. Provided services to customers on account, $2,000. Provided services to customers in exchange for cash, $1900. Purchased equipment and paid cash, $4,300. Paid April rent, $800. Paid employees' salaries for April, $700. What was Lynnwood, Inc.'s retained earnings balance at the end of April
Answer:
$14,400
Explanation:
Calculation to determine What was Lynnwood, Inc.'s retained earnings balance at the end of April
LYNNWOOD, Inc.'s retained earnings balance at the end of April
Retained earning balance , April 1 $12,000
Add Service to customer $2,000
Add Service to customer $1,900
Less Rent ($800)
Less salaries ($700)
Retained earning April 30th $14,400
Therefore Lynnwood, Inc.'s retained earnings balance at the end of April is $14,400
In December 2014, Todd, a cash basis taxpayer, paid $1,200 fire insurance for the calendar year 2015 on a building he held for rental income. Todd deducted the $1,200 insurance premiums on his 2014 tax return. He had $150,000 of taxable income that year. On June 30, 2015, he sold the building and, as a result, received a $500 refund on his fire insurance premiums. As a result of the above:
a. Todd should amend his 2014 return and claim $500 less insurance expense.
b. Todd should include the $500 in 2015 gross income in accordance with the claim of right doctrine.
c. Todd should add the $500 to his sales proceeds from the building.
d. Todd should include the $500 in 2015 gross income in accordance with the tax benefit rule.
e. None of these choices are correct.
Answer: D. Todd should include the $500 in 2015 gross income in accordance with the tax benefit rule.
Explanation:
It should be noted that due to the fact that Todd is a cash basis taxpayer, he'll be able to deduct the one-year prepayment for insurance in the year that it was paid, 2014.
In this case, he deducted $1,200, then his net cost will be ($1200 - $500) = $700. In this case, Todd should then include the $500 refund in gross income for 2015 under the tax benefit rule.
A company has set up an unfunded deferred compensation plan for its executives. It accrues an expense on its income statement of $5 million per year, but the income tax deduction for these expenses is not taken until deferred compensation is paid out in the future. If the company has a 40% marginal tax rate and a 32% effective tax rate, each year in which the company funds the plan it will recognize a
Answer:
Deferred tax assets = $2 million
Explanation:
Given:
Total expenses on income statement = $5 million
Marginal tax rate = 40%
Effective tax rate = 32%
Find:
Deferred tax assets
Computation:
Deferred tax assets = Total expenses on income statement x Marginal tax rate
Deferred tax assets = 5 million x 40%
Deferred tax assets = $2 million
An insurance company offers personal property insurance.Jewelry is a special type of personal property. Jewelry coverage requires that the user managing the request is trained to appraise jewelry. Assignments for jewelry appraisals must go to
skilled users. Which routing approach would you use?
A. Route requests to a decision table that routes the request to a work group in a location where there are users who have appraisal skills.
B. Route directly to users who are members of a work group that uses skill rating parameters.
C. Route requests to a reporting manager who assigns the request to a user to ensure fast processing.
D. Route requests to a work group whose members have the skill rating parameters.
Answer:
D. Route requests to a work group whose members have the skill rating parameters.
Explanation:
Since in the given situation it is mentioned that the insurance company provides the insurance of personal property and the assignment should be made for jewelry appraisal that should go for the users that are skilled so here the routing approach that should be used is that the request should be made to the group of members that have the parameters of the skill ratings
So the correct option is d.
Would Bakugou consider dating Todoroki i mean like its a hella cute ship sooo lemmme know what yall think
Answer:
bakugou and deku is better than.... that
Explanation:
its called the power of smartness
A qualified buyer makes a written offer on a property on March 6 by filling out and signing a purchase offer. Later that day, the seller accepts and signs the offer, keeping one copy. The broker gives a copy of the signed agreement to the buyer on March 8. The seller's deed is delivered on May 1. The deed is recorded on May 7, and the buyer takes possession on May 15. When is the broker's commission payable if this is a usual transaction?
Answer:
May 1
Explanation:
Given that
The written offer was made on March 6
the brokers provides the signed agreement copy to the buyer on March 8
The seller deed delivered on May 1
The deed recorded on may 7
And, the buyer takes the possession on May 15
So here the broker commission payable would be done on the delivery date i.e. on May 1
Multiple-Choice Questions on Consolidation Overview [AICPA Adapted]
Select the correct answer for each of the following questions.
1. When a parent–subsidiary relationship exists, consolidated financial statements are prepared in recognition of the accounting concept of
a. Reliability.
b. Materiality.
c. Legal entity.
d. Economic entity.
2. Consolidated financial statements are typically prepared when one company has a controlling interest in another unless
a. The subsidiary is a finance company.
b. The fiscal year-ends of the two companies are more than three months apart.
c. Circumstances prevent the exercise of control.
d. The two companies are in unrelated industries, such as real estate and manufacturing.
3. Penn Inc., a manufacturing company, owns 75 percent of the common stock of Sell Inc., an investment company. Sell owns 60 percent of the common stock of Vane Inc., an insurance company. In Penn’s consolidated financial statements, should Sell and Vane be consolidated or reported as equity method investments (assuming there are no side agreements)?
a. Consolidation used for Sell and equity method used for Vane.
b. Consolidation used for both Sell and Vane.
c. Equity method used for Sell and consolidation used for Vane.
d. Equity method used for both Sell and Vane.
4. Which of the following is the best theoretical justification for consolidated financial statements?
a. In form, the companies are one entity; in substance, they are separate.
b. In form, the companies are separate; in substance, they are one entity.
c. In form and substance, the companies are one entity.
d. In form and substance, the companies are separate.
Answer: 1. D. Economic entity
2. C. Circumstances prevent the exercise of control.
3. B. Consolidation used for both Sell and Vane.
4. B. In form, the companies are separate; in substance, they are one entity
Explanation:
1. When a parent–subsidiary relationship exists, it can be infered that consolidated financial statements will be prepared in recognition of the accounting concept of economic entity.
2. Consolidated financial statements are prepared when one company has a controlling interest in another unless the circumstances prevent the exercise of control.
3. Based on the information given, in Penn’s consolidated financial statements, it should be noted that Sell and Vane should be consolidated. Therefore, the correct option is B.
4. The best theoretical justification for consolidated financial statements is that in form, the companies are separate while in substance, they are regarded as one entity.
If skilled labor costs three times as much as unskilled labor, a profit-maximizing firm will vary the quantity of each type of labor used until the Group of answer choices amount of unskilled labor used is three times the quantity of skilled labor used. amount of unskilled labor used is one-third the quantity of skilled labor used. marginal product of skilled labor is one-third that of unskilled labor. marginal product of skilled labor is three times as great as that of unskilled labor.
Answer:
marginal product of skilled labor is three times as great as that of unskilled labor.
Explanation:
Labor refers to the human capital or workers who are saddled with the responsibility of overseeing and managing all the aspects of production.
Generally, the level of productivity of a business firm or an organization would increase when the inputs such as capital, raw materials, labour, etc., decreases while output such as finished products remain the same.
Furthermore, if skilled labor such as carpenter, bricklayer, blacksmith, electrician, etc., costs three times as much as unskilled labor such as information technologist, engineering, medical doctor, etc., a profit-maximizing firm will vary the quantity of each type of labor used until the marginal product of skilled labor is three times as great as that of unskilled labor in order for it to make profits and proper use of the factors of production.
Assume, for Singapore, that the domestic price of soybeans without international trade is higher than the world price of soybeans. This suggests that, in the production of soybeans, a. other countries have a comparative advantage over Singapore and Singapore will export soybeans. b. Singapore has a comparative advantage over other countries and Singapore will import soybeans. c. other countries have a comparative advantage over Singapore and Singapore will import soybeans. d. Singapore has a comparative advantage over other countries and Singapore will export soybeans.
Answer:
C)other countries have a comparative advantage over Singapore and Singapore will import soybeans.
Explanation:
In the case when the domestic price of the soyabeans considered withoiut the international trade and the same should be more than the world price that means the other country would have the comparative advamtage and the singapore would import the soybeans
Therefore the option c is correct
Polly secured a good grade with a 4 GPA in her admission test. However, she was denied admission by a management school. Hence, she filed a suit that the school had discriminated against her on the basis of race; that she was rejected because the school used race as an important factor, giving applicants belonging to minority groups a greater chance of admission than students with similar credentials from disfavoured racial groups. Which of the following approaches should be applied to solve Polly's case? A) Minimum rationality approach B) Strict scrutiny approach C) Rational basis approach D) Intermediate scrutiny approach E) Quasi-scrutiny approach
Answer:
i think correct answer us c
Salaries is an
O asset
O expense
o none of the above
Answer:
Expense
Explanation:
Write a claim that responds to the question: Why can transferring energy into or out of a substance change molecules' freedom of movement? Be sure to include the words kinetic energy, temperature, and speed in your response.
Answer:
hope this help u
Explanation:
Transferring energy into or out of a substance changes its temperature, which changes the molecules' freedom of movement. Claim 2: Transferring energy into or out of a substance changes the molecules' kinetic energy, which changes their freedom of movement.
The most important thing about the transferring of energy can be found in the substances and the objects of concern. The energy of a substance comes to the fore because the main reason is transferring energy from the stagnant to a moving object is known as the transfer of the items and can be done by changing the substance as well as the movement of the energy.
What is a transfer of Energy?
Transfer of energy takes place when suppose an object is being forced to do anything. Supposedly if the object was in a space of stagnation then it can very well or divergently be known as the main thing.
The transfer of energy leads to the change in temperature of one thing to the other which leads to the change or the shift in the motion of certain beings. This is known as Kinetic Energy. When the molecules are readily in motion, during the process of the transfer of energy then it is called Kinetic Energy.
It is the Kinetic Energy of a substance that leads to the change in the temperature of a moving object and the transfer of power is the main reason behind it.
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Motivated by his desire to operate his own business, Caleb is considering the purchase an existing business. As he carefully weights this option, he is likely to find that: A) very few owners of small businesses have any interest in selling. B)his potential for success would greatly improve if he started his own new firm. C)the value of an existing business is determined by what the business owns, what it earns, and what makes it unique. D)any entrepreneur willing to sell their business is experiencing serious financial problems.
Answer:
B)his potential for success would greatly improve if he started his own new firm.
Explanation:
An entrepreneur refers to an individual who sees a need or discovers a problem in a society and innovatively proffers a solution using brilliant ideas or entrepreneurial thinking.
The following are four characteristics of an entrepreneur;
1. Innovative: it can be defined as a quality possessed by an individual or group of people such as an entrepreneur and typically involves the process of improving on an existing product or ideas.
2. Passionate: believing in a course and one's ability to achieve much more at a business.
3. Risk-Taker: he or she is confident enough to venture into risky businesses with the hope of an expected success.
4. Self-Confident: he or she is bold and believes in his or her abilities to excel.
In a society, the role of an entrepreneur is mainly focused on bringing the four (4) factors of production together and take the risks of producing output, so as to generate revenue through sales and make economic profits in the long-run.
In this scenario, Caleb is motivated by his desire to operate his own business and as such considering the purchase of an existing business. As he carefully weigh this option, he is likely to find that his potential for success would greatly improve if he started his own new firm as an entrepreneur.
Which economic effect does a central bank hope to achieve by buying back
large amounts of treasury securities?
A. It hopes to raise interest rates for private lenders.
B. It hopes to discourage companies from hiring workers.
C. It hopes to make more money available for loans.
D. It hopes to reduce the overall amount of economic activity.
Answer:
c. It hopes to make more money available for loans
hope this helps!
add me/mark brainist<3
The Central bank hopes to make more money available for loans. Thus, option C is correct.
What is a Central bank?The primary goals of central banks are to stabilize prices, increase employment, and support a nation's economic expansion. Experts concur that central banks function best when they are credible, or trusted, independently from government authorities and free from political influence, and explicit about their objectives and procedures.
In order to encourage banks to lend out additional amounts of their funds, the Fed may lower the discount rate, enabling borrowing money from other financial institutions easier or less expensive for banks if their cash reserves go too small. Banks grant more money when their discount rate is lower, which expands the fund's supply.
Therefore, option C is correct.
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Dalton Company adopted the dollar-value LIFO inventory method on January 1, 2016. In applying the LIFO method, Dalton uses internal price indexes and the multiple-pools approach. The following data were available for Inventory Pool No. 1 for the two years following the adoption of LIFO: Ending Inventory At Current Year Cost At Base Year Cost Cost Index 1/1/16 $100,000 $100,000 1.00 12/31/16 126,000 120,000 1.05 12/31/17 140,800 128,000 1.10 Under the dollar-value LIFO method the inventory at December 31, 2017, should be
Answer:
$129,800
Explanation:
Calculation to determine the inventory at December 31, 2017,
Ending inventory at Dec 31, 2017 using dollar value LIFO = $100,000 + (120,000 - 100,000) * 1.05 + ($128,000 - $120,000) * 1.10
Ending inventory at Dec 31, 2017 using dollar value LIFO = $100,000 + $21,000+ $8,800
Ending inventory at Dec 31, 2017 using dollar value LIFO = $129,800
Therefore Under the dollar-value LIFO method the inventory at December 31, 2017, should be $129,800
