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
marta [7]
3 years ago
5

Many corporations allow CEOs to use their​ firm's corporate jet for personal travel. The Internal Revenue Service​ (IRS) require

s that the firm report personal use of its corporate jet as taxable executive​ income, and the Securities and Exchange Commission​ (SEC) requires that publicly traded corporations report the value of this benefit to shareholders. A firm may use any of three valuation techniques. The IRS values a​ CEO's personal flight at or below the price of a​ first-class ticket. The SEC values the flight at the​ "incremental" cost of the​ flight: the additional costs to the corporation of the flight. The third alternative is the market value of chartering an aircraft. Of the three​ methods, the​ first-class ticket is least expensive and the chartered flight is most expensive. What factors​ (such as​ fuel) determine the marginal explicit cost to a corporation of an​ executive's personal​ flight? Explicit costs to a corporation of an​ executive's personal flight include.
Business
1 answer:
Margaret [11]3 years ago
3 0

Answer:

The explicit cost of flight includes cost of fuel, maintenance cost, payment to pilot.

Explanation:

The explicit costs are the direct costs incurred during the process of production or business. Here, the payments made to the pilot will be a variable cost, the cost of fuel, etc will be explicit cost.  

The marginal explicit cost is the increase in the explicit cost with an additional output. The incremental cost of flight correctly determines the marginal explicit cost.  

Opportunity cost is the cost of sacrificing the alternative. Here, the marginal opportunity cost will be the revenue that the firm would have earned by renting the flight to other firms or individuals.

You might be interested in
Whats the difference between stock and stockholder?
Charra [1.4K]

To delve into the underlying meaning of the terms, "stockholder" technically means the holder of stock, which can be construed as inventory, rather than shares. Conversely, "shareholder" means the holder of a share, which can only mean an equity share in a business. Thus, if you want to be picky, "shareholder" may be the more technically accurate term, since it only refers to company ownership.

8 0
3 years ago
Buatlah Jurnal Penyesuaian dan Jurnal Pembalik dari:
mash [69]

Answer:

I don't understand

Explanation:

English?

8 0
3 years ago
Explain the history of the country’s economy of cuba
butalik [34]

Answer:

The economy of Cuba is a largely planned economy dominated by state-run enterprises.The country's economy had grown rapidly in the early part of the century, However, from 1996, the State started to impose income taxes on self-employed Cubans.

Explanation:

5 0
3 years ago
When your father was born 48 years ago, his grandparents deposited $250 in an account for him. Today, that account is worth $36,
ki77a [65]

Answer:

10.94%

Explanation:

Your father was born 48 years ago

His grandfather deposited $250 in an account for him

Today the money is worth $36,500

The annual rate of his return can be calculated as follows

= 36500/250 ×1/48= (1+r/100)

= 146^0.020833= (1+r/100)

= 1.1094-1

= 0.10940×100

= 10.94%

6 0
3 years ago
You have $27,000 to invest in a stock portfolio. Your choices are Stock X with an expected return of 14 percent and Stock Y with
zmey [24]

Answer:

stock x with an expected return of Y

Explanation:

7 0
2 years ago
Other questions:
  • A company sold equipment that originally cost $160,000 for $96,000 cash. the accumulated depreciation on the equipment was $64,0
    6·1 answer
  • ____________ refers to a consolidated network of business leadership whose concerns go beyond narrow decision-making within sing
    5·1 answer
  • Lott Company uses a job order cost system and applies overhead to production on the basis of direct labor costs. On January 1,20
    15·1 answer
  • Cloverdale, Inc., uses the conventional retail inventory method to account for inventory. The following information relates to c
    13·1 answer
  • Baker Corp. is required by a debt agreement to maintain a current ratio of at least​ 2.5, and​ Baker's current ratio now is 3. B
    6·1 answer
  • Rita owns a sole proprietorship in which she works as a management consultant. She maintains an office in her home (500 square f
    14·1 answer
  • Which is NOT one of the similarity between projects and operations Both are Performed by Individuals Both are Limited by constra
    11·1 answer
  • suggest one strategy businesses can use to deal with each of the following socio economic issues : illiteracy , dumping and inef
    15·1 answer
  • The slope of the budget constraint A. measures the rate at which the consumer can trade one good for another. B. equals the rela
    8·1 answer
  • A _________ specializes in developing plans and recommendations that meet the software and system needs of an organization.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!