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IrinaK [193]
3 years ago
7

Account ing 3-5A page 125what the Answer please?

Business
1 answer:
frutty [35]3 years ago
3 0

it is not specific enough

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During the current year, Harry, a self-employed accountant, travels from Kansas City to Miami for a seven-day business trip. Whi
irakobra [83]

Answer:

$1,200

Explanation:

during 2019, Harry can deduct:

  • 50% of the costs of meals while on he is on business trips
  • 100% of airfare and other travelling costs
  • 100% of lodging costs while doing business

Harry's deductions = (50% x $200) + (100% x $600) + (100% x $500) = $100 + $600 + $500 = $1,200

Any expenses incurred during vacation are not deductible.

4 0
3 years ago
You just purchased a parcel of land for $10,000. if you expect a 12% annual rate of return on your investment, how much will you
Sunny_sXe [5.5K]

I guess the closest answer is $31,060.

If you purchased a parcel of land for $10,000. If you expect a 12% annual rate of return on your investment. Therefore you can sell the land for in 10 years in $31,060.

4 0
3 years ago
A. calculate the annual cash flows (annuity payments) from a fixed-payment annuity if the present value of the 15-year annuity i
Leokris [45]
<span>The first step is to multiply the present value by the interest rate. Since the present value is $1.6 million and the interest rate is 10%, this yields. $160,000. This product is then divided by 1 - (1 + the rate)^-term. So it is divided by 1 - (1.1)^-15. That is, the annual payment = $160,000/[1 - 1.1^-15] = $160,000/.760607951= $210,358.04</span>
3 0
3 years ago
Pick a specific product that you use frequently, such as a cosmetic or toiletry item, snack food, article of clothing, book, com
romanna [79]

Toiletry - Mouth wash, Snack food :- Peanuts, Adidas, Rich dad Poor dad by Robert Kiyosaki, Computer program R, Video game :- Fifa EA sports.

Explanation:

  • Mouth wash target market is to feel fresh while speaking.
  • Peanuts An athletics to get that extra energy at Rugby.
  • Adidas believing in sports and everybody loves that brand.
  • Rich dad poor dad how to become rich and convert ideas of business.
  • R programmer is a statistical tool for analyzing data for inferences.
  • EA sports is the most important part of sports Football is every growing.
  • Bring in new flavors,changing the taste of snacks, famous athletes.
  • Explain people who have been successful after reading the books.
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4 0
3 years ago
Fess Hardware Store had net credit sales of $8,500,000 and cost of goods sold of $5,000,000 for the year. The Accounts Receivabl
babymother [125]

Answer:

d. 12.5 times.

Explanation:

The computation of the accounts receivable turnover ratio is shown below:

Account receivable turnover ratio = Net credit sales ÷ Average accounts receivable  

where,  

Net credit sales is $8,500,000

And, the Average accounts receivable would be

= (Accounts receivable, beginning of year + Accounts receivable, end of year) ÷ 2

= ($600,000 + $760,000) ÷ 2

= $680,000

So, the accounts receivable turnover ratio would be

= $8,500,000 ÷ $680,000

= 12.5 times

We simply applied the above formula

7 0
3 years ago
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