Answer:
Allowable Business Expense is $50
Explanation:
The entertainment expenses that were paid before the business deal are allowed business expenses and those entertainment expenses that were incurred after the business deal are disallowed business expenses.
So here, the entertainment expense that includes meal which is worth $100 and is the only allowable business expense here that was incurred before the business deal.
The meal with clients are 50% deductible which means only 50% of the $100 is allowed as business expense.
Allowable Business Expense = $100 * 50% = $50
Answer:
d. Both A and C
Explanation:
No, the broker must inform the seller in writing the buyer's check is being held until acceptance of offer.
No, the broker must inform the seller of the buyers check being held at the exact time the actual offer is presented.
The amount of paycheck is often called Net pay
Answer:
250 hours.
Explanation:
Cost of course : $500
The extra income from the course is $2 per hour
to pay off the cost of the course requires earning $500 by working at a rate $2 per hour.
Number of hours required = $500/2
=250 hours.
Answer:
Instructions are below.
Explanation:
Giving the following information:
Each unit of output requires 0.07 direct labor-hours. The direct labor rate is $8.70 per direct labor-hour. The production budget calls for producing 6,000 units in February and 6,500 units in March.
We need to determine the total direct labor hours needed for each month.
February:
Total direct labor hours= 6,000*0.07= 420 hours
Total direct labor costs= 420*8.7= $3,654
March:
Total direct labor hours= 6,500*0.07= 455 hours
Total direct labor costs= 455*8.7= $3,958.5