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Shkiper50 [21]
3 years ago
7

HELP PLEASE.

Business
2 answers:
Verizon [17]3 years ago
6 0
D notify the creditor and see if it can be changed and /or modified
eimsori [14]3 years ago
4 0
D is totally correct. The reason A is wrong is because that happens after you don't pay the bill. You have to get that bill corrected right away with the person/company who sent it to you.
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Michelle operates a food truck. Indicate the amount (if any) that she can deduct as an ordinary and necessary business deduction
Snezhnost [94]

Answer:

A. $80

B. $795

C. $0

Explanation:

Only expenses that can be directly attributed to the business are deductible.

Personal expenses will not be deductible.

A. Here the only deductible amount is the legal fees of $80. The speeding will not be charged to the business because it was as a result of personal negligence. The legal fees affect the business because the speeding related to a business asset.

B. Only the amount paid to reserve a spot will be deductible because it relates to expenses for the business to make profit. The money she spent on her children is a personal expense.

C. There is no deductible here. These activities were of a personal nature and in no way related to the operations of the business of operating the food truck.

6 0
2 years ago
How do elasticities of supply and demand affect DWL?
LuckyWell [14K]

Answer:

Because the elasticities of supply and demand measure how much market participants respond to market conditions, larger elasticities imply larger DW losses.

Explanation:

As a tax grows larger, it distorts incentives more, and its DW loss grows larger. Because a tax reduces the size of the market, however, tax revenue does not continually increase. It first rises with the size of a tax, but if the tax gets large enough, tax revenue starts to fall.

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2 years ago
Analyzing Contingent and Other Liabilities:
miskamm [114]

Answer:

1. Situation is that a Stockholder has filed a lawsuit against C corporation.

Accounting treatment: Neither record nor disclose any liability.

Since the liability is not at all possible, it should be neither recorded nor disclosed.

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Account treatment: Record the liability on the balance sheet.

Real liability that is both certain and the liability amount can also be reasonably estimated.  It should be recorded on the balance sheet.

3. The EPA notifies S co that a state where it has a plant is filing a lawsuit.

Account treatment: Disclose the liability in a financial statement footnote.

The liability is probable but not certain and liability amount can also be reasonably estimated.  It should be disclosed in financial statement footnote.

4. Situation: Company manufactured and sold products to a retailer that later sold product to consumer.

Account treatment: Record the liability on the balance sheet.

Real liability that is both certain and the liability amount can also be reasonably estimated.  It should be recorded on the balance sheet.

6 0
3 years ago
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uysha [10]

Answer:

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Hope this helped :)

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2 years ago
A landscaping company has just bought $1,000 worth of pesticide for its employees to use on the properties it services. However,
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