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denis-greek [22]
3 years ago
7

A.J. is the vice president for Keane Products, a marketing consulting firm. On a business trip to New York City in 2019, he meet

s with three executives from Keane’s top account. After the meeting, A.J. takes them to dinner and then to the theater. The theater tickets cost $350. The cost of the meal is $190, including sales tax of $17 and a tip of $34. Throughout the evening, A.J. pays $42 in cab fares. How much can A. J. deduct as a business expense?
Business
1 answer:
Ede4ka [16]3 years ago
7 0

Answer:

$312

Explanation:

Business Travel expenses are costs incurred when you are away from home on businesses. Accordingly, in this case, AJ is allowed to deduct 50% of his entertainment costs (that is, meal and theater tickets) since it follows a substantial business discussion. The cost of transportation, that is the cab fare is fully covered under the business expenses as it is not subject to the 50% rule of deduction for entertainment and the likes.

Thus,

Total money AJ can deduct as business expenses.

= (50% of 350) + (50% of 190) + 42

= 175 + 95 + 42

= $312

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Answer:

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Differential revenue refers to additional revenue per unit.

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6 0
3 years ago
What is one strong, positive motivator in building the family business that leads to greater cooperation? A. The family members’
AURORKA [14]
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3 0
3 years ago
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Digiron [165]

Answer:

C. the skills and knowledge that enable a worker to be productive.

Explanation:

'Human Capital' is the stock of knowledge & skills embodied in people, enabling them to perform labour of economic value. It is considered as 'capital' because skills & knowledge development to become more productive yields better income & standard of living.

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4 0
3 years ago
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Alekssandra [29.7K]

Answer:

The balance sheet category in which an entity typically would place each of the following items:

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4. Page 192_Current Liabilities_ Notes payable (short term)

Explanation:

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8 0
2 years ago
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