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Gwar [14]
3 years ago
14

During the current year, Paul, the vice president of a bank, made gifts in the following amounts: To Sarah (Paul's personal assi

stant) at Christmas $36 To Darryl (a key client)—$3 was for gift wrapping 53 To Darryl's wife (a homemaker) on her birthday 20 To Veronica (Paul's boss) at Christmas 30 In addition, on professional assistants' day, Paul takes Sarah to lunch at a cost of $82. Presuming that Paul has adequate substantiation and is not reimbursed, how much can he deduct?
Business
1 answer:
nataly862011 [7]3 years ago
8 0

Answer:

$78

Explanation:

Gifts made to customers or employees are deductible up to $25 per customer or employee:

  • Darryl $25 + $3 in wrapping costs
  • gifts to Darryl's wife is not tax deductible
  • Sarah $25
  • Veronica $25

total tax deductions = $78

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Winter Company incurred direct materials costs of $500,000 during the year. Manufacturing overhead applied was $150,000 and is a
raketka [301]

Answer:

Winter Company's total manufacturing costs for the year was $850,000

Explanation:

Manufacturing cost is the cost used to manufacture a product, both direct and indirect cost incurred in manufacturing process are included. It is the total value of material cost, labor cost and overhead cost.

Direct Material Cost = $500,000

Manufacturing overhead applied = $150,000

As we know Manufacturing overhead applied was 75% of direct Labor cost.

Direct Labor cost  = Manufacturing overhead applied / 75%

Direct Labor cost  = 150,000 / 75% = $200,000

Total Manufacturing Cost = $500,000 + $200,000 + $150,000 = $850,000

7 0
3 years ago
Paulis Kennel uses tenant-days as its measure of activity; an animal housed in the kennel for one day is counted as one tenant-d
Oksanka [162]

Answer:

$19,083

Explanation:

Base on the scenario been described in the question, revenue per tenant-day $29.90Total variable expense per tenant-day 20.00 Contribution margin per tenant-day $9.90 Total fixed expense$17,600Net operating income = ($9.90 × 3,400) − $17,600 = $19,083

6 0
3 years ago
(consider this) consumers might leave a fast-food restaurant without being served because:
Liula [17]
The reason why consumers leave without being served because the consumers must have felt mad or upset about the service being served to them-- causing them to leave their orders or to even wait for their time for their turn of having to get their menu taken.
4 0
3 years ago
Companies under ____ market structures are interdependent. _____ is a secret agreement among companies that may result from this
Ipatiy [6.2K]

If i'm correct the answer is Companies under Oligopolistic market structures are interdependent. Collusion is a secret agreement among companies that may result from this interdependence.

3 0
3 years ago
Lorenzo, who works as a supervisor at Travelus Corp., notices that one of the employees, Maya, takes very long coffee breaks whi
nata0808 [166]

Answer:

From the given information, we can infer that Lorenzo has decided to give Maya a warning.

Explanation:

The warning is the statement which indicates any unpleasant situation which may arise if not taken any precaution. Although it is unpleasant to hear and to contemplate, it gives sufficient time for any situation to be covered up within the time. In the above case, Lorenzo decided to warn Maya about her activity. By doing this he would be able to draw Maya's attention towards her behavior.

5 0
2 years ago
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