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Ymorist [56]
4 years ago
7

In 2019, the CEO of Crimson, Inc., entertains seven clients at a skybox in Memorial Stadium for a single athletic event during t

he year. Substantive busi-ness discussions occurred at various times during the event. The box costs $2,000 per event and seats 10 people. (The cost of a regular seat at Memorial ranges from $55 to $100.) Refreshments served during the event cost $700. How much of these costs may Crimson deduct?
Business
1 answer:
hram777 [196]4 years ago
4 0

Answer:

Crimson may not be able to deduct any of the cost incurred. In other words these expenses are inadmissible.

Explanation:

As per scenario given in the above question, Crimson Inc., may not be able to deduct any cost which is incurred related to the entertainment expenses because many changes has been made in the tax cuts and Jobs act,2017. These changes does not allowed deduction of the entertainment and business meals expenses.

In the year 2018, the entertainment expenses could not be deducted according to the tax laws applicable on the companies. Thus, the costs will not be deducted.

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7555566756999-565656565656
Eduardwww [97]

Answer:

6.9899102e+12

Explanation:

8 0
3 years ago
tock has had returns of 16 percent, 23 percent, 15 percent, −11 percent, 30 percent, and −5 percent over the last six years. Wha
elena-14-01-66 [18.8K]

Answer:    arithmetic Average Return =11.33%

                  Geometric Average Return=10.33%

Explanation:

Returns per year

Year 1      16%

year 2       23%

year 3       15

year 4      -11%  

year 5     30 %

year 6      -5%

Total =    68%

Arithmetic Average = Total returns 0f ( year 1 -6) / number of years

= 68%/6 =11.33%

Geometric Average Return  is given as

= ((1 + R1) × (1 + R2) × ... × (1 +Rn))(1/n) - 1

((1 + 16%) × (1 + (23%)) × (1 + 15%) x (1+ -11%) x (1+30%)  x (1+ -5%))^1/6 - 1

((1.16 x 1.23 x 1.15 x 0.89 x 1.30  x (0.95)) ^1/6

((1.16 x 1.23 x 1.15 x 0.89 x 1.30   x 0.95)) ^1/6 -1

(1.8035073 )^1/6  - 1

= 1.10328 -1 = 0.10328 x 100 = 10.328%   =10.33%

3 0
3 years ago
Which factors may influence a company's choice of inventory cost flow assumption?
Oxana [17]

inventory cost flow assumption influence by tax implications of choice ,financial statement effect, actual physical flow of inventory.

<h3>What Is Cost Flow?</h3>

The way or channel that costs move through a company is referred to as the flow of costs. The flow of costs typically pertains to manufacturing businesses where accountants are required to quantify expenses associated with raw materials, work in progress, finished goods inventory, and cost of goods sold.

Four commonly acknowledged methods—specific cost, average cost, first-in, first-out (FIFO), and last-in, first-out—are available for allocating expenses to ending inventory and cost of goods sold (LIFO).

To know more about Cost Flow visit:

brainly.com/question/13621345

#SPJ4

7 0
1 year ago
I need help ASAP please A B C or D
ch4aika [34]
The answer is A, to become a bank teller she would only need a high school diploma. Hope this helps!
5 0
3 years ago
In Free Market Environmentalism, economists Terry Anderson and Donald Leal write, "Subsidized irrigation encourages farmers to b
Soloha48 [4]

Answer:

b

Explanation:

7 0
3 years ago
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