Answer:
D) $4,200
Explanation:
the business investigation expenses of a taxpayer who is already engaged in a similar trade or business are fully deductible in the year incurred regardless of whether or not the taxpayer goes into a new business.
Therefore, the maximum amount of deduction for the current year is
$4,200.
Answer: Because it is a private issue that concers only to the company and has to be handled with care, besides, other companies don't have to know about the specifications review.
Explanation: According to Ricks and Gow, “The primary purposes of business letters are to inform, instruct, request, inquire, remit, order, advice, correct and to question.” The basic purpose of any business letter is to <u>convey information</u> regarding business activities.
Answer:
the correct answer is low inflation indicates steady growth
Explanation:
inflation can be explained as the increase in the general price level of a country over a specific period of time. this is an indicator of the rise in the price of the goods and services of a country and indirectly can show the standard of living, economic growth and the purchasing power of an economy.
Generally, the inflation is said to be in an healthier range when it is between 1% and 5%, it is regarded as good when it is below 10% and said to be unhealthy when it is over 10%.
when the inflation is low, the price levels rise systematically and gradually. this allows business and investors to predict the economy more accurately and preserves the purchasing power of the currency and money, which is good for both investments, national and international trade.
moreover, when the inflation is lower, the cost of capital financing remains low as well. and the real interest rates are higher too.
Answer:
The option B. The profits for common stock owners come before payment to employees, suppliers, government, and creditors. is the false statement.
Profit is any amount that is left after setting aside the cost and liabilities. It is financial gain which is represented by the difference between the amount that is spent and the amount that has been earned or gained. Whereas common stock is a kind of a common share holder equity which also considered to be a type of a security.
