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MakcuM [25]
2 years ago
6

2) Can a caterer use leftover foods donated to a charity as a charitable tax deduction? Why or why not?

Business
1 answer:
stellarik [79]2 years ago
3 0

Answer:

it would be deductible as a charitable donation on your personal return if you are taking the itemized deduction instead of the standard deduction.

Explanation:

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The night before a midterm exam, you decide to go to the movies instead of studying for the exam. You score 60 percent on your e
Aleks [24]

Answer:

10% of exam score

Explanation:

Opportunity Cost is the cost of next best alternative, foregone (sacrifised)  while making a choice.

Example : If a person has option to have an apple or an orange, & choses to have apple. The opportunity cost of having an apple is the sacrifised orange.

Given : A night before mid time exam, spent while watching movies - later lead to fall in exam grade from 70 % to 60%

The opportunity cost of movies watched, is the sacrifised grade of exam, which would have gotten, if the time would have spent in studying. The corresponding grade lost = 70% grade achievable - 60% grade achieved. Hence, the opportunity cost = 10% of exam score.

4 0
3 years ago
On january 1, 2013, a company sold a piece of equipment for $30,000 which it had used for several years. the equipment had cost
Tema [17]
Book value on the date of disposal
Cost of the equipment - accumulated depreciation
45000-20000=25000

Gain on disposal of the equipment
Proceeds from sales - book value on the date of disposal
30000-25000=5000

The amount of gain on disposal (5000) is reported under “Other revenues and
gains” section of the income statement which increase the profit which transferred into shareholders equity. Also, the account of the equipment will be zero

So the answer is d

Hope it helps!
3 0
3 years ago
Ordering cost only consists of the shipping cost from supplier to customer. True or False
Dennis_Churaev [7]

Answer:

False

Explanation:

Ordering costs are the costs incurred when materials are requested for. These components of this cost are:- 1)Clerical and administrative costs involved in purchasing and accounting for the goods ordered.

2)Cost of transportation

3)Retooling cost: This happens when the product is manufactured internally. Retooling means change of working tools.

4)Insurance while in transit.

5)Drivers' salaries and allowances

6)Loss of materials while in transit.

7)Taxes, custom duties and import duties.

3 0
3 years ago
Read 2 more answers
Which of the following is NOT a federal income tax deduction?
11Alexandr11 [23.1K]

Answer: a)

Explanation: All the others are deductible, whilst excise taxes are only deductible as a business expense.

8 0
2 years ago
Fuzzy​ logic, expert​ systems, and​ case-based reasoning are all​ _______ used with decision making.
Maslowich
The things that describes above is that they are all intelligent techniques. These are used in dealing with decision making. In order for the person to know how to deal with the situations and how to cope up by applying the following characteristics in situations.
8 0
3 years ago
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