Page Up and Page down fall in the ______

In 2019, the CEO of Crimson, Inc., entertains seven clients at a skybox in Memorial Stadium for a single athletic event during t

hram777 [196]

Answer:

Crimson may not be able to deduct any of the cost incurred. In other words these expenses are inadmissible.

Explanation:

As per scenario given in the above question, Crimson Inc., may not be able to deduct any cost which is incurred related to the entertainment expenses because many changes has been made in the tax cuts and Jobs act,2017. These changes does not allowed deduction of the entertainment and business meals expenses.

In the year 2018, the entertainment expenses could not be deducted according to the tax laws applicable on the companies. Thus, the costs will not be deducted.

4 0

4 years ago

You are thinking about investing $ 4 comma 650 in your friend's landscaping business. Even though you know the investment is ri

Zina [86]

Explanation:

The computation of present value of the return is shown below:-

Present value of the return = Expected return ÷ (1 + r)^n

= $5,637 ÷ (1 + 0.09)^n

= $5,637 ÷ (1.09)^1

= $5,637 ÷ 1.09

= $5,171.56

Since as we can see the present value is more than the investing amount. So, the investment can be done in this project.

6 0

4 years ago

A customer asks an agent for a valuation of his securities portfolio. Because the agent does not want to cause the customer to p

Sladkaya [172]

Answer: not permitted because the agent must not deceive the customer by misstating a material fact.

Explanation:

From the question, we are informed that a customer asks an agent for a valuation of his securities portfolio and that because the agent does not want to cause the customer to panic and sell his shares at a loss, the agent inflates the value of the stock.

It should be noted that under the Uniform Securities Act, this action is not allowed because the agent must not deceive the customer by misstating a material fact. An agent should not deceive a customer and ethical behavior is also required.

5 0

3 years ago

Nolan Walker decided to buy a used snowmobile since his credit union was offering such low interest rates. He borrowed $2,800 at

Travka [436]

Using the formula for simple interest, it is found that Nolan Walker paid $170.35 in interest with the principal amount.

<h3>What is the simple interest?</h3>

Simple interest is computed on the loan principal or the first deposit into a savings account. Because simple interest does not compound, a creditor will only pay interest on the principal amount.

<u>Formula</u>:

S.I. = P×R×T

Where,

S.I. = Simple Interest

P = Principal Amount = $2,800

R = Interest Rate = 5.25%

T = Time Period = 423 days (From Dec. 26, 2019, to Feb. 21, 2021)

Then, the amount of S.I. by applying the given values in the formula would be:

S.I. = $2,800× 0.0525 ×423/365

S.I. = $170.35

Therefore, He will pay $170.35 as interest.

Learn more about the simple interest, refer to: