Answer:
Allowable Business Expense is $50
Explanation:
The entertainment expenses that were paid before the business deal are allowed business expenses and those entertainment expenses that were incurred after the business deal are disallowed business expenses.
So here, the entertainment expense that includes meal which is worth $100 and is the only allowable business expense here that was incurred before the business deal.
The meal with clients are 50% deductible which means only 50% of the $100 is allowed as business expense.
Allowable Business Expense = $100 * 50% = $50
The most important effect for a firm is the value and the cost position in relation to other firms that represent their competitors. Something very imprtant for business success is the fact that <span>managers need to keep in mind that competitive advantage is determined jointly by industry and firm effects.</span>
Answer:
perfectly inelastic
Explanation:
A supply of the product is considered to be perfectly inelastic in situations whereby the changes in the price of a commodity do not affect the quantity supplied, then such a supply curve is termed as perfectly inelastic. It is often depicted as a vertical line at the quantity supplied against all the prices in a graphical representation form.
Hence, If the quantity supplied is the same regardless of price then the supply curve would be: PERFECTLY INELASTIC
Answer:
b. an express contract.
Explanation:
Since Daisy signs on Capri's behalf, the contract is between Bo and Capri, not Daisy.
Since there is a lease, an actual signed document, the options of no contract and implied contract are discarded.
An express contract is written in an specific language with its terms stated expressly at the time of contract formation, and is made under a company seal. A simple contract doesn't require a seal.
The lease is signed under Capri Apartments' seal and thus is an express contract.
