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Levart [38]
3 years ago
7

Donald operates an accounting firm and has an annual summer party for the employees and their families. He believes the party be

nefits his employees. The cost of the food and beverages served at the party is $5,500. Donald also pays a band $500 to play at the party. How much of the total cost can Donald deduct?
Business
2 answers:
user100 [1]3 years ago
7 0

Answer:

$6,000

Explanation:

Total cost includes all that was expended on the party. This includes the cost of the food and the band.

Total cost = $5,500 + $500 = $6,000

I hope my answer helps you

Vsevolod [243]3 years ago
5 0

Answer:

$6000

Explanation:

Accordingly, the costs associated with throwing a party for employees and their families (spouses and significant others) are fully deductible (100%) as long as the party is hosted primarily for the employees. In this case, the party is for the employees as it is seen to benefits them, thus, total cost Donald can deduct equals cost of beverages and food plus cost of band,

That is,

= 5500 + 500

=$6000

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The answer is equity.
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C.B. Management, Inc., had a franchise agreement with McDonald’s Corp., to operate McDonald’s restaurants in Cleveland, Ohio. Th
statuscvo [17]

Answer:

Who is the franchisor?  McDonald's

Who is the franchisee?  C.B. Management Inc.

In a franchise relationship, the <u>franchisee</u> is economically dependent on the <u>franchisor's</u> business system.

The franchise relationship is defined by the <u>contract</u>.

Did C.B. Management, Inc.’s failure to make a payment due more than thirty days earlier constitute a breach of the franchise contract?  YES

Why?  A) the contract provided McDonald's could terminate the contract when a payment was more than 30 days late.

Did the contract provide that the acceptance of a late payment waived McDonald's right to terminate for late payments? NO

What does an implied covenant of good faith and fair dealing require? That the parties act <u>reasonably</u>.

Did McDonald's act of accepting late payments in the past transform McDonald's right to terminate into a discretionary decision governed by the standard of good faith and fair dealing in the future? NO

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A court would likely find for <u>McDonald’s</u>

8 0
3 years ago
While buying refreshments for an upcoming party, you notice that a six-pack of Americana Beer costs $2 and a six-pack of Bavaria
sattari [20]

Answer:

B. two six-packs of Americana Beer.

Explanation:

A. a six-pack of Americana Beer.

B. two six-packs of Americana Beer.

C. $4 and the six-pack of Americana Beer.

D. $4.

six-pack of Americana Beer = $2

six-pack of Bavarian Beer = $4

1 six-pack of Bavarian Beer = $4

1 six-pack of Americana Beer = $2

2 six-pack of Americana Beer = $4

Therefore,

1 six-pack of Bavarian Beer = 2 six-pack of Americana Beer

You buy the six-pack of Bavarian Beer

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B. two six-packs of Americana Beer.

Opportunity cost is the cost of satisfying a want at the expense of another. It can also be called real cost or true cost

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2 years ago
Five hundred units of good x are currently bought and sold. The marginal buyer is willing to pay $40 for the 500th unit, and the
dimaraw [331]

Answer:

D : All options are correct

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- @ Q = 500 units,    Selling Price is set at SP = $35

- @ Q = 500 units,    Buying Price is set at BP = $40

- Since, SP ≠ BP our equilibrium price would be $ 37.5 assuming the price elasticity of demand and supply are equal. In any case the equilibrium price would lie in between [ 35 , 40 ] such that to prevent a shortage of units in near future.

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7 0
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