Answer:
A. $1,300 "for AGI.
Explanation:
The computation of the deductible amount is shown below:
= Air fare to repair investment rental property + 50% × (Meals + tickets to a football game with hospital administrators)
= $1,000 + 50% × ($500 + $100)
= $1,000 + $300
= $1,300
For meals and tickets, 50% deduction is applicable whereas for the air fair full deduction is applicable
And, for investment in seminar no deduction is allowed
Answer:
A. $1,659
B. $910
C. $2,700
Explanation:
Calculation to determine Brenda's deduction
a. Airfare= (70% × $2,370)
Airfare=$1,659
b. Meals=[(260/2)*7
Meals=$910
c. Lodging= [540*5]
Lodging=$2,700
Therefore Brenda's deductions are :
Airfare $1,659
Meals $910
Lodging $2,700
Answer:
b. expectations that stock prices would fall further could shift the AD curve further to the left.
Explanation:
The AS/ AD model stated the aggregate supply and aggregate demand model which stated level of prices and its output by maintaining the relation between the supply and demand
As in the given situation, it is mentioned that the aggregate supply of short run decline and that brings deflation and it moves the economy back to the output i.e potential. It impacts the expectation of stock prices would result in declines and further it shifted the AD curve to the left side
Hence, the correct option is B.
Answer:
monetary accounts are translated at the current exchange rate; other accounts are translated at the current exchange rate if they are carried on the books at current value; items carried at historical cost are translated at historic exchange rates.
Explanation:
The principle of the temporal method means that the accounts that are monetary in nature would be transform at the current or present exchange rate, also the other account would be transform but they should be at the current value. In addition to this, if the items are at historical cost so they should be transform at historic exchange rates
Therefore the last 2nd option is correct
Answer:
A. Fred can only lose $10,000, but Marla can lose more
Explanation:
Fred can lose a maximum of $10,000 because he bought shares of a corporation. Shareholders of a corporation enjoy limited liability to its debts. Should the corporation face liquidation, the shareholder's liability is limited to the value of share contribution. It means that Fred can lose a maximum amount equal to the shares he purchased should the corporation collapse.
Marla bought a sole proprietorship business. The law considers a sole proprietorship business and the owner to be the same thing. Marla's business assets are her assets, while the debts of the business will be her debts. Should the restaurant incur debts more than the $10,000 that Marla paid for it, she stands to lose more if her business collapses. Her assets will be used to settle the debts of the restaurant.
