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emmainna [20.7K]
3 years ago
12

Suppose that while melissa was on the coast, she also spent two days sightseeing the national parks in the area. to do the sight

seeing, she paid $1,000 for transportation, $800 for lodging, and $450 for meals during this part of her trip, which she considers personal in nature. what amount of the travel costs can melissa deduct as business expenses?
Business
1 answer:
Virty [35]3 years ago
8 0
Most of the times when a personnel is sent for an official business trip, transportation and lodging, and sometimes even meals are shouldered by the company. 

In the statement given above, it is noted that the meals that Melissa took are considered personal in nature. Hence, she can deduct this from the business expenses. 
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Define nationalization.​
Alisiya [41]

Answer:

the process of transforming privately owned assets into public assets by bringing them under the public ownership of a national government or state.

Explanation:

6 0
3 years ago
In a short-run model of a large open economy with a floating exchange rate, net capital outflow ______ as the domestic interest
balandron [24]

Answer:

1. decreases

2. decrease

Explanation:

When Domestic interest rate increases, as a result of floating exchange rate, the net capital outflow decreases which in turn leads to most goods to be used internally, instead of exporting it abroad, there by reducing the level of exports.

Hence, All things being equal, it is assumed or believed that, In a short-run model of a large open economy with a floating exchange rate, net capital outflow DECREASES as the domestic interest rate increases and is just equal to the DECREASE in net exports.

8 0
3 years ago
Al Miler, owner of Al's Garage, estimates that he will need $29,000 for new equipment in 15
Lynna [10]

Answer:

The answer is option A). $6,710.60

Explanation:

The total amount Al miler will need to invest at the beginning to have the money in 15 years is known as the principal amount.

The formula for calculating the total amount after 15 years with interest compounded semiannually is as follows;

A = P (1 + r/n) (nt)

where;

A = the future value of the initial investment

P = initial investment amount/principal amount

r = the annual interest rate

n = the number of times that interest is compounded per unit t

t = the time the money is invested for

In our case;

A=$29,000

P=p

r=10/100=0.1

n=interest is compounded semiannually which is twice a year=2

t=15 years

Replacing values in the formula;

29,000=p(1+0.1/2)^(2×15)

29,000=p(1+0.05)^30

29,000=4.322 p

p=29,000/4.322

p=$6,710

Al must invest $6,710 for him to have enough money for the new equipment in 15 years

5 0
3 years ago
Your parents have accumulated a $120,000 nest egg. They have been planning to use this money to pay college costs to be incurred
mafiozo [28]

Answer and Explanation:

The computation is shown below:

a. For computing the number of money required at the end of four years first we need to find out the present value i.e to be shown in the attachment

Given that,  

Future value = $0

Rate of interest = 7%

NPER = 4 years

PMT = $10,000

The formula is shown below:

= PV(Rate;NPER;PMT;FV;type)

So, after applying this, the present value is $33,872.11

Now the net nest egg is

= $120,000 - $33,000 - $33,872.11

= $53,127.89

Now the future value is

= Present value × (1 + interest rate)^number of years

= $53,127.89 × (1 + 0.07)^4

= $69,639.83

b. Now to find out the number of years required to stay in school we need to use the NPER formula i.e be to shown in the attachment

Given that,  

Present value = $69,639.83

Future value = $0

Rate of interest = 7%

PMT = $24,060

The formula is shown below:

= NPER(Rate;PMT;-PV;FV;type)

The present value come in negative

So, after applying this, the answer would be 3.35 years

6 0
4 years ago
A pharmaceutical company in Belgium decides to expand into additional markets. It conducts research and decides to focus on mark
stepladder [879]

Answer:

C) standardization strategy

Explanation:

standardization strategy can be regarded as one whereby a business owner or firm give same treatment to the whole world as if it's just one market that have just small meaningful variation It's base on an assumption that needs of people can be met with a product.

7 0
3 years ago
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