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KengaRu [80]
4 years ago
13

Byron took a business trip from Philadelphia to Rome. He was away 16 days of which he spent 9 days on business (including two tr

avel days) and 7 days vacationing. His expenses are as follows:AIRFARE 1,100
LODGING (16 DAYS X 140) 2,240
MEALS (16 DAYS X 115) 1,840
BYRON’S TOTAL TRAVEL ( INCLUDING MEALS AND LODGING) EXPENSE DEDUCTION ROUNDED TO THE NEAREST DOLLAR IS:
A-2,396
B-2,878
C-3,395
D-5,180
Business
1 answer:
snow_tiger [21]4 years ago
8 0

Answer:

C-3,395

Explanation:

Since the main purpose of the travel was business (9 days of business against 7 days vacationing), Byron may deduct the expenses related to airfare, as well as 9 days of lodging ($140 per day) and meals ($115 per day) fees. His total expense deduction is:

E = 1,100+9*(140+115)\\E=3,395

The answer is alternative C-3,395 .

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Stels [109]

Answer:

Income Statement  

Sales Revenue $ 402.000

Sales discounts -$ 7.830

Sales returns and allowances -$ 12.740

Net Revenue $ 381.430

Net Income -$ 22.779

Income attributable to controlling stockholders

Net Income -$ 22.779

Allocation to noncontrolling interest  -$ 19.720

Income attributable to controlling stockholders -$ 62.219

Explanation:

Total Net revenue it's calculated with the Sales Revenue less Sales discounts and Returns and allowances.

Net Income it's calculated with the total Net Sales minus cost of goods sold, Expenses, Interest and Taxes  for a determinated period.

To calculate the income to controlling stockholders it's necessary to subtracted at the end of the statement  which they do not own.

Income Statement  

Sales Revenue $ 402.000

Sales discounts -$ 7.830

Sales returns and allowances -$ 12.740

Net Sales $ 381.430

Cost of goods sold -$ 188.417

Gross Profit $ 193.013

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Other Income Rent Revenue $ 6.540

Net Income BEFORE Taxes $ 19.183

Interest Expenses -$ 13.260

Net Income BEFORE Taxes $ 5.923

Income Taxes  -$ 28.702

Net Income -$ 22.779

Allocation to noncontrolling interest  -$ 19.720

Income attributable to controlling stockholders -$ 62.219

4 0
4 years ago
An $11,000 mortgage has a 30-year term (requiring monthly payments) and a 6% nominal interest rate. (a) What is the monthly paym
neonofarm [45]

Answer:

Answer:

a) Monthly payment = $65.95

b) Remaining balance on her loan after making 12th payment = 11,000 - (65.95 x 12) = $10208.6

c) Interest paid in month 13 = 10208.6 * 0.5% = $51.043

  Principal paid in month 13 = $65.95 - 51.043 = $14.907

Explanation:

Using financial calculator:

PV = 11,000

n = 30 years = 360 months

i/r = 6%/year = 0.5% / month

FV = 0

PMT = ? (Monthly payment = ?)

a) Monthly payment = $65.95

b) Remaining balance on her loan after making 12th payment = 11,000 - (65.95 x 12) = $10208.6

c) Interest paid in month 13 = 10208.6 * 0.5% = $51.043

  Principal paid in month 13 = $65.95 - 51.043 = $14.907

Explanation:

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Market segmentation involves aggregating prospective buyers into groups that __________ and will respond similarly to a marketin
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Have common needs is your answer .-.

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A social environment is BEST described as:
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