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Kazeer [188]
3 years ago
8

Choose the correct answer. a.The cost of a CPA review course is deductible by a bookkeeper on his Schedule C. b.Expenses require

d for education to maintain skills for the taxpayer's current business are not deductible. c.Education expenses are deductible on Schedule C even if the education qualifies the taxpayer for a new trade or business. d.Expenses for travel as a form of education are not deductible.
Business
1 answer:
Snowcat [4.5K]3 years ago
6 0

Answer:

d.Expenses for travel as a form of education are not deductible.

Explanation:

Expenses in the nature of travel, are not allowed while the travel might be for the purpose of education.

This is because it is not in the nature of direct expense.

As the expense for the purpose of business which are important for the business to pursue in a more positive manner is preferable and essential for the business.

As extra education and knowledge provide excellence to perform the task for which knowledge is acquired.

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Data Screen Corporation is a highly automated manufacturing firm. The vice president of finance has decided that traditional sta
Sedaia [141]

Answer:

Answer:

1. MCE = 21.42%

2. Delivery Cycle Time 22 days

Explanation:

The Manufacturing Cycle Time is given by the formula:

Manufacturing cycle time = Inspection Time + Process Time + Move Time + Queue time

Here we have

Inspection time =1.5 days

Processing time =3.0 days

Move time =2.5 days

Queue time= 7.0 days

Wait time= 8.0 days

Manufacturing Cycle  Time = 1.5+3.0+2.5+ 7.0=  14.0 days

MCE= Manufacturing Cycle Efficiency Time= Process Time/ Processing Time + Inspection Time + Move Time + Queue time

MCE = 3/ 14=0.2142= 21.42%  

It means that MCE  consists of 21.42 %actual processing and 79 % consists of non value added activities.

2.  Delivery Cycle Time= Manufacturing Cycle  Time + Wait time

Delivery Cycle Time= 14.0 days + 8.0 days= 22.0 days

The difference between wait time and queue time is that wait time is the time when the customer places an order until it is delivered.And queue time from the start of the production of the order.

4 0
2 years ago
Many businesses today rely on ________ software for services like supply chain management.
hram777 [196]
Many businesses today rely on cloud-based software for services like supply chain management. The cloud-based software is software that relies on remote servers that process the logic. The software is accessed through a web browser with a continual internet connection. Some of the benefits of cloud based software are: c<span>ost effectiveness, redundancy, efficiency, scalability. </span>
5 0
3 years ago
Accord Company purchased land for​ $100,000 by making a cash payment of​ $30,000 and promising to pay the remaining amount in a
Volgvan

Answer:

Assets and liabilities both will increase by $70,000.

Explanation:

Given data provided

Purchase land = $100,000

Cash payment = $30,000

The computation of net effect is shown below:-

= Purchase land - Cash payment

= $100,000 - $30,000

= $70,000

Therefore, for computing the net effect we simply deduct cash payment from purchase land. So, Assets and liabilities both will increase by $70,000.

7 0
3 years ago
A potential employer informs helen that he would like her to provide references for him to contact. what information should hele
Yakvenalex [24]
<span>Helen should includes: name, title, address, email address, telephone, relationship to candidate.
Helen should includes several ways to contact her references in order to make sure that employer could contact her references in case that he/she is not contactable through one medium.</span>
3 0
3 years ago
On January 1, 2016, Woodstock, Inc. purchased a machine costing $40,000. Woodstock also paid $1,000 for transportation and insta
Margaret [11]

Answer:

b. $6,000

Explanation:

Depreciation is calculated on the cost of asset. Cost of asset includes the transportation and installation cost, because both are necessary in order to function the asset.

Accordingly total cost of asset = $40,000 + $1,000 = $41,000

Salvage value = $5,000

Thus, amount to be depreciated = $41,000 - $5,000 = $36,000

Useful life of the asset = 6 years

Straight line depreciation = $36,000/6 = $6,000 annually.

8 0
3 years ago
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