The mission of a company:

While visiting a client to deliver their 2019 tax documents, one of the owners approaches you and states: "The IRS says my trave

serious [3.7K]

Answer:

Commuting refers to travelling from your home to your workplace. It generally refers to the distance that people generally travel to get to their office or any type of workplace.

While business travel refers to not only leaving your house to go to work, but actually going somewhere else to perform your regular business activities, e.g. going form one state to another to close a sale. In order for business travel to be effectively recognized as such, it must be necessary for your business activity and it should last more than one ordinary workday.

In this case, your client continuously leaves his house and goes form one state to another performing his normal business activities. This perfectly fits the IRS's definition of business travel.

Initially, you can try to solve this issue with IRS Office of Appeals (since you are right), but if that doesn't work, then you can go to Tax Court.

6 0

4 years ago

Three years ago, Sydney remodeled her home. Rather than discarding some shelving units that were in her home, she moved them to

Alisiya [41]

The correct answers are, $1200 and -$200.

Sydney has taken depreciation on the shelves of $300. The amount of basis and the amount of the gain or loss recognized on the sale of the shelves are $1200 and -$200 respectively.

Explanation:

Fair market value at the date of conversion = $1,500

Depreciation on the Shelves = $300

Basis = Fair market value - Depreciation

Basis = $1500 - $300 = $1,200

So Basis = $1,200

Now

Sale Price of Shelves = $1,000

Adjusted Basis = $1,200

Loss would be = Sale price - Adjusted Basis

Loss = $1000 - $1200

Loss = -$200

So, Loss = $200

Learn more about depreciation at:

brainly.com/question/10456007

#LearnWithBrainly

4 0

3 years ago

A small electronics company designs and manufactures bluetooth speakers.

kiruha [24]

Answer:

Given that this is not the company's first production, it means that they have some history in the market.

At this time, they ought to have some performance with regard to price, product, place, performance, and positioning. This sort of information is usually gleaned from:

Sales figures (Invoices)
Number and type of clients (Invoices)
Feedback from the market via dealers, consumers etc.
Reviews (Online and offline)
Financial Statement

When a forecast is made base on predictive values such as the above, it is called Forecast based on historical data.

The management team will take all the above into account in redesigning it's marketing Ps.

Price
Product
Positioning
Place
Promotion
People and
Process

The management team will answer question such as:

Do we increase or reduce our price? or do we leave it as it is but modify it to using psychological pricing to attract more sales;
What upgrades do we need to make to the products if at all?
How do we position or reinforce the position of the products in the mind of the consumers?
How do we get the products to more consumers/buyers? online? offline? completely new markets?
How best do we promote the products?
Who do we need to execute the marketing plan?
what modifications do we need to do to our process to enable us to achieve the marketing goals?
do our products contain a physical evidence of what we have promised during the promotion/positioning?

Answers to all these questions will help the marketing improve on its previous marketing strategy.

Cheers!

4 0

4 years ago

December 31 2017 2016 Accounts receivable $43,060 $34,630 Inventory 30,370 39,870 Prepaid rent 16,820 15,120 Totals $90,250 $89,

morpeh [17]

Answer:

Net cash from operating activities is $57,220.

Explanation:

Using the indirect method, the Operating Activities section of the statement of cash flows can be prepared as follows:

Statement of Cash Flows

(Operating Activities Section Only)

Details $

Net income 35,890

Adjustment to reconcile net income:

Depreciation expense 18,040

(Increase) decrease in current assets:

Increase in accounts receivable ($34,630 - $43,060) (8,430)

Decrease in inventory ($39,870 - $30,370) 9,500

Increase in prepaid rent ($15,120 - $16,820) (1,700)

Increase (decrease) in current liabilities:

Increase in accounts payable ($25,610 - $19,430) 6,180

Decrease in income taxes payable ($5,970 - $10,500) (4,530)

Increase in interest payable ($14,710 - $12,440) 2,270

Net cash from operating activities  57,220 

5 0

3 years ago

1. A stock has an expected return of 10.2 percent, the risk-free rate is 4.1 percent, and the market risk premium is 7.2 percent

NNADVOKAT [17]

Answer:

Beta is 0.85

Explanation:

The value of Beta can de derived from the CAPM formula of expected return

expected return=risk-free rate+Beta*market risk premium

expected return is 10.2%

risk-free rate is 4.10%

market risk premium is 7.2%

Beta is unknown

10.20%=4.10%+Beta*7.20%

10.20%-4.10%=Beta*7.20%

6.10% ==Beta*7.20%

Beta=6.10% /7.20%

Beta= 0.85

5 0

3 years ago