What is a credit score

Multi-Level-Marketing is a quickly growing industry in the United States. Many men and women are deciding to work from home, sel

tiny-mole [99]

Answer:

True

Explanation:

Multilevel marketing is a strategy that consists of creating a hierarchy of workers for product distribution, being very common companies of beauty products, essential oils, and other products that are easy to sell. The strategy works like this: the distributors buy the products of the companies to sell to the final customer, and thus they receive a percentage for the sale of the products. But there is a criticism about this strategy, which can be a pyramid scheme, when there is a greater intention of the company to recruit new distributors than to actually sell its products, because in a pyramid scheme the intention is always to profit to benefit those who are on the top. Generally, companies that operate in an illegal pyramid scheme have strong marketing aimed at recruiting people to purchase products for sale with promises of quick enrichment.

6 0

2 years ago

Melissa recently paid $640 for round-trip airfare to San Francisco to attend a business conference for three days. Melissa also

Ilya [14]

Answer:

Please refer explanation

Explanation:

A. What amount of the travel costs can Melissa deduct as business expenses?

Round trip airfare : $640

Registration for the conference: $590

3 nights lodging : $225 x 3 = $675

Meals : $170 x 50% = $85

Cab fare: $605

Total deductible as business expenses: $640 + $590 + $675 + $85 + $605 = $2595

B. Suppose that while Melissa was on the coast, she also spent two days sightseeing the national parks in the area. To do the sightseeing, she paid $1,270 for transportation, $825 for lodging, and $340 for meals during this part of her trip, which she considers personal in nature. What amount of the travel costs can Melissa deduct as business expenses?

Sightseeing was done purely for her leisure and entertainment and had nothing to contribute towards the business. Hence, no amount ($0) of the costs that were associated with sightseeing can be deducted as a business expense.

c. Suppose that Melissa made the trip to San Francisco primarily to visit the national parks and only attended the business conference as an incidental benefit of being present on the coast at that time. What amount of the airfare can Melissa deduct as a business expense?

Since the main purpose of the trip and taking a plane was for personal reasons and she attended the business conference simply because she was on the coast at that point of time, total airfare expenses would be incurred as a personal expense. Hence, no amount of the airfare expense will be a business expense.

$2595 - $640 = $1955 is the total business expense

D. Suppose that Melissa’s permanent residence and business was located in San Francisco. She attended the conference in San Francisco and paid $635 for the registration fee. She drove 196 miles over the course of three days and paid $181 for parking at the conference hotel. In addition, she spent $610 for breakfast and dinner over the three days of the conference. She bought breakfast on the way to the conference hotel and she bought dinner on her way home each night from the conference. What amount of the travel costs can Melissa deduct as business expenses?

Conference registration: $635

Mileage dedication: 196 x 0.565 = $110.74 (since mileage cost per mile has not been provided, an estimate has been obtain based on San Francisco mileage costs)

Parking fees: $181

Total: $926.74 deductible as business expenses

7 0

2 years ago

Which term refers to an economic situation where the large amount of money in circulation creates continuous pressure to raise p

Dvinal [7]

B. Inflation
Inflation is when a country prints too much money, therefore decreasing the value of the currency.

5 0

2 years ago

Read 2 more answers

Moskowitz Corporation has provided the following data for its two most recent years of operation: Selling price per unit $ 91 Ma

Molodets [167]

Answer:

Moskowitz Corporation

The net operating income (loss) under variable costing in Year 2 is closest to:

= $56,000.

Explanation:

a) Data and Calculations:

Selling price per unit $ 91

Manufacturing costs:

Variable manufacturing cost per unit produced:

Direct materials $ 13

Direct labor $ 7

Variable manufacturing overhead $ 3 23

Contribution per unit $ 68

Fixed manufacturing overhead per year $480,000

Selling and administrative expenses:

Variable selling and administrative expense per unit sold $ 6

Fixed selling and administrative expense per year $ 84,000

Year 1 Year 2

Units in beginning inventory 0 3,000

Units produced during the year 12,000 10,000

Units sold during the year 9,000 10,000

Units in ending inventory 3,000 3,000

Year 2:

Income Statement:

Sales Revenue ($91 * 10,000) = $910,000

Variable manufacturing costs 230,000 ($23 * 10,000)

Variable selling and admin. 60,000 ($6 * 10,000)

Contribution margin $620,000

Fixed manufacturing costs 480,000

Fixed selling and admin. costs 84,000

Net operating income (loss) $ 56,000

8 0

2 years ago

Big Equipment Company sold a tractor-scraper to Ace Paving for $125,000. Ace made a down payment of $25,000 and agreed to pay th

miv72 [106K]

Answer:

a. Reformation

Explanation:

In the given instance, it is clearly observed that the Vehicle Identification Number is not correctly written in the contract, and that happened due to typing errors, and was not intentional.

In these cases the courts order to reform the contract, and then the reformed contract shall reflect the intentions of both the parties as what they intend.

In the given case also, reformation will take place as the error is not due to intentionally, fraud with the other party. Thus correct option is:

a. Reformation

7 0

2 years ago

What is a credit score ​

What is a credit score