Answer:
A. $80
B. $795
C. $0
Explanation:
Only expenses that can be directly attributed to the business are deductible.
Personal expenses will not be deductible.
A. Here the only deductible amount is the legal fees of $80. The speeding will not be charged to the business because it was as a result of personal negligence. The legal fees affect the business because the speeding related to a business asset.
B. Only the amount paid to reserve a spot will be deductible because it relates to expenses for the business to make profit. The money she spent on her children is a personal expense.
C. There is no deductible here. These activities were of a personal nature and in no way related to the operations of the business of operating the food truck.
Answer:
No, because they weren’t willing to risk their life to complete a task at the appliance plant. By law this is not safe working conditions and the people forcing employees to do this could be sued.
Explanation:
Answer:
Elena wants to open a Chinese restaurant near a university. She has the required capital to start her restaurant. However, she is unable to find
good chefs for her restaurant. Which type of resource is Elena lacking?
Elena is lacking Labor resource.
Explanation:
The Labor resource is the term related with the people needed for running the operation of a business. In this case Elena has the need for the chefs that will help you with the elaboration of the dishes that she wants to offer.
A business usually needs the following type of resources: labor, capital and land.
As we said previously Labor is the resource related to people.
Land is the resource related to the physical space where you want to set up your business. e.g store, online site, offices, building and so on.
Capital is the resource related to the money or financial investment needed to cover the initial launching costs.
Answer: debit to Stock Investments for $55,080.
Explanation:
As this is an investment in another company, it will count as an asset which means that when it increases, the account will have to be debited. It will therefore be debited for $55,080 to show the investment.
Cash will decrease by the same amount which means that it will have to be credited because assets are credited when they decrease.
Dr Stock Investments $55,080
Cr Cash $55,080
Answer: (C) Controlling
Explanation:
The controlling is one of the type of management function that helps in managing the various types of organizational function and also it helps in achieve the desirable goals.
It basically take various types of corrective actions for effectively managing the resources and also helps in improving the performance of the company.
According to the given question, the controlling is one of the management function that efficiently illustrating the given scenario.
In the vermilion inc, the top management of the company realized that at the time of construction of the plant shows some technical defects and the technical specialists of an organization try to resolve the given issue.
Therefore, The given process is known as the controlling management function.
