1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ehidna [41]
3 years ago
9

Kevin is the financial manager of levingston bmw. the shop allows employees to purchase up to two vehicles at a discount. leving

ston's average gross profit percentage is 15%. this year kevin purchased a 530 model and a new m3. model fmv dealer cost employee price 530 $63,000 $50,000 $54,000 m3 $70,000 $60,000 $57,000 what amount must kevin include in income?
a. $0
b. $2,500
c. $2,950
d. $22,000
Business
1 answer:
SIZIF [17.4K]3 years ago
5 0

Kevin must take in $2,500 into his gross income. This is for the reason that the $13,000 ($70,000 -$57,000) discount got on the M3 is bigger than the qualified employee discount of$10,500 (sales price of $70,000 multiplied by the average gross profit percentage of 15%). There is no gross income from the acquisition of the 530 because the $9,000 ($63,000 - $54,000) reduction is less than the qualified employee discount of $9,450 ($63,000 multiplied by the average gross profit percentage of 15%).

You might be interested in
What types of theater productions offer more opportunities for on-the-job learning? professional. traveling Broadway. college/un
Snezhnost [94]
College university productions I think
5 0
3 years ago
How can you solve circle geometry in a simple way​
lisabon 2012 [21]

Answer: by using the formula A=pi(3.14) R(radius) squared

Explanation:

Hope that helped

8 0
3 years ago
Read 2 more answers
On January 1, 2021, Splash City issues $340,000 of 9% bonds, due in 20 years, with interest payable semiannually on June 30 and
Evgesh-ka [11]

Answer:

Dr cash                                          $310,831

Dr discount on bonds payable   $29,169

Cr bonds payable                                             $340,000

On 30th June 2021

Dr  interest expense      $ 15,542  

Cr cash                                            $15,300

Cr discount on bonds payable        $242

On 31st   December  2021

Dr  interest expense      $ 15,554  

Cr cash                                            $15,300

Cr discount on bonds payable        $254

Explanation:

The bond issued at a discount is the first bond whose cash proceeds of $310,831 were less than face value of $340,000.

Discount=face value -cash proceeds=$340,000-$310,831=$29,169.00  

Find attached bond amortization schedule.

Download xlsx
7 0
3 years ago
Gavin is a salesperson for an advertising company. He sells ads to customers directly.
wariber [46]

Answer:

Personal selling.

Explanation:

Promotion is a method of informing and persuading customer to buy product or service or idea. Every company in the market use some or other promotional strategy to penetrate in the market. Corporate have different needs or objective of promotion, like creating awareness, spreading information, increasing sales, increase market share, retaining loyal customer, etc. There are different method of promotion also been used by corporates to achieve their objective according to the budget, time and place of promotion. There are few promotion method used by corporate are: Advertising, sales promotion, personal selling, e-commerce, public relation, and social media.

Personal selling: It is a part of promotional mix, where salesperson sell the product or service to their target customer directly by meeting them personally.

6 0
3 years ago
________ capital is the economic or productive potential of employee knowledge and actions.
Andrew [12]

Answer:

human capital i think

Explanation:

7 0
3 years ago
Other questions:
  • Which of the following refers to the system of governing an organization so that the interests of corporate owners are protected
    13·1 answer
  • The price of a television was reduced from $250 to $200. by what percentage was the price of the television reduced?
    5·1 answer
  • 10.
    8·1 answer
  • Ford Motor Company, one of the world’s largest automakers, reports the following income statement accounts for the year ended De
    12·1 answer
  • Spears Co. had net sales of $35,400 million. Its average total assets for the period were $14,700 million. Spears' total asset t
    6·2 answers
  • With good internal​ controls, the person who handles cash can also
    15·1 answer
  • 1. NPVs, IRRs, and MIRRs for Independent Projects
    14·1 answer
  • Kansas Enterprises purchased equipment for $74,500 on January 1, 2021. The equipment is expected to have a ten-year service life
    9·1 answer
  • You are working with an experienced Customer Service Representative to board a busy flight on a tight timeline. You notice that
    12·1 answer
  • A scale used to weigh produce at a market has markings every 0.1 kg. which measurement for the mass of a dozen apples is correct
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!