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LUCKY_DIMON [66]
3 years ago
14

Which of the following is a true statement? Multiple Choice a) Meals are never deductible as a business entertainment expense. b

) An employer can deduct the full cost of meals provided to employees as compensation. c) The cost of business meals can be extravagant if incurred away from home. d) A taxpayer can only deduct the full cost of a meal for a client if business is discussed during the meal.
Business
1 answer:
Ahat [919]3 years ago
8 0

Answer:

The answer is: B) An employer can deduct the full cost of meals provided to employees as compensation.

Explanation:

When an employer provides free meals at work it is a win-win situation for both the employees and the employer. They both benefit from it; the employees get "free meals" and the employer is able to deduct the full cost of the meals. Everyone has to eat at some time, and free meals are a great perk.

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Based on the corporate valuation model, gray entertainment's total corporate value is $1,150 million. the company's balance shee
vagabundo [1.1K]

Answer:

$26.67 million

Explanation:

The computation of price per share is shown below:-

Total market value = $1,150 million + $120 million

= $1,270 million

Market value of equity = Total market value - value of debt - value of preferred stock

= $1,270 million - ($120 million + $300 million + $50 million)

=  $1,270 million - $470 million

= $800 million

Price per share = Market value of equity ÷ Stock outstanding

= $800 million ÷ $30 million

= $26.67 million

5 0
3 years ago
Nonuniform Inputs, Equivalent Units Terry Linens Inc. manufactures bed and bath linens. The bath linens department sews terry cl
anyanavicka [17]

Answer:

For Material 80,000

For Conversion 72,000

Explanation:

The computation of equivalent units of production for the bath linens department for August is shown below:-

                                     <u>Materials</u>               <u>Conversion</u>  

Units completed and

transferred out              60,000                   60,000

Units in process,

August 31                      20,000                   12,000

                                                               (20,000 × 60%)

Equivalent units of

production                   80,000                   72,000

Therefore to reach out the equivalent units of production we simply added the units completed and transferred out with Units in process Aug 31 of material and conversion.

4 0
3 years ago
Income Statement The revenues and expenses of Paradise Travel Service for the year ended May 31, 20Y6, follow: Fees earned $954,
stiv31 [10]

Answer:

Instructions are listed below

Explanation:

An income statement is one of the three important financial statements used for reporting a company's financial performance over a specific accounting period. The income statement focuses on the four key items - revenue, expenses, gains, and losses. It does not cover receipts (money received by the business) or the cash payments/disbursements (money paid by the business).

It follows the general structures:

Revenues (+)

Operating Revenue

Non-Operating Revenue

Total

Expenses (-)

Primary Activity Expenses

Secondary Activity Expenses

Total

Gains (+)

Losses (-)

Net income/loss

In this exercise:

Total revenues=$954210

Expenses:

Office expense 219470

Miscellaneous expense 19085

Wages expense 458020

Total Expenses=$696575

Net profit= $275635

4 0
3 years ago
Identify which party is responsible for reporting directly to the fda the investigator's financial interests with the sponsor: t
trasher [3.6K]

The  party that  is responsible for reporting directly to the fda the investigator's financial interests with the sponsor is: The <u>sponsor</u>.

<h3>What is FDA?</h3>

FDA  which full meaning is food and drug administration is an agency whose sole responsibility is to ensure that food and drug does not cause harm to the health of the general public and they does this by ensuring that food and drug that make cause harm to the public to be discard.

It is the duty of the investigator to report any form of adverse events to the sponsor and the investigator must have carryout thorough investigation  and supervise the investigation personally before reporting to the sponsor.

Therefore the  party that  is responsible for reporting directly to the fda the investigator's financial interests with the sponsor is: The <u>sponsor</u>.

Learn more about  FDA here:brainly.com/question/939216

#SPJ1

4 0
2 years ago
What are five things you can do to overcome stereotypes?
svlad2 [7]

Explanation:

First of all we need to know what stereotype actually is. So stereotype is basically the over generalized belief of someone about something or someone else based on some assumptions. The simplest example of stereotype can be seen as, 'A woman is always caring'. This is a stereotype about a particular group of human beings. So there are a lot of other stereotypes too which prevails in our societies. Now we have to overcome such stereotypes by doing the following things:

  • Admit and Say that the stereotypes are wrong
  • Find famous people to give examples of, who think stereotypes are wrong
  • Debate about the wrong associated with stereotypes by giving them sufficient evidence and examples
  • Do what you feel like doing about breaking the stereotypes
  • Provide data to people with examples about people who are not that stereotype.
6 0
3 years ago
Read 2 more answers
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