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mixer [17]
3 years ago
9

Barry is a self-employed attorney who travels to New York on a business trip during the year. Barry's expenses were as follows:

Airfare $560 Taxis 40 Meals 100 Lodging 350 How much may Barry deduct as travel expenses for the trip? a. None of these b. $1,000 c. $950 d. $0 e. $1,050
Business
1 answer:
trapecia [35]3 years ago
6 0

Answer:

$1,050

Explanation:

Given that,

Airfare = $560

Taxis = $40

Meals = $100

Lodging = $350

All the expenses incurred during a business trip to New York are deductible.

Therefore, the amount of expenses deducted is calculated as follows:

= Airfare + Taxis + Meals + Lodging

= $560 + $40 + $100 + $350

= $1,050

Hence, Barry may deduct $1,050 as travel expenses for the trip.

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Use the information below to answer questions 4-7. Drake Company's income statement for the most recent year appears below:
Colt1911 [192]

Answer:

(A) $731,250

Explanation:

The formula to compute the break-even point in sales dollars is shown below:

= (Fixed expenses or Fixed cost) ÷ (Contribution ratio)

where,

Contribution ratio = Contribution margin ÷ sales

                             = $208,000 ÷ $650,000

                             = 0.32 or 32%

And, the fixed expense is $234,000

Now put the values to the above formula

So, the value would equal to

= $234,000 ÷ 32%

= $731,250

6 0
3 years ago
Fatima is struggling in her job and is experiencing increased dissatisfaction. She related to you that her manager has been unfa
Akimi4 [234]

Answer:

C

Explanation:

Affective component is the feeling a person has towards a situation that result from his/her belief about a person or situation.

For instance: a person who works hard and believes hard work earns promotion may feel anger or frustration when he or she works but is not promoted and will be affected in this situation.

This reflects Fatima feeling towards her manager when her colleague who deserved less promotion than she did was promoted, she was affected when this happened which is why she doesn't like her manager.

3 0
3 years ago
Based on the specificity and reversibility principle, training during the off-season should?
likoan [24]

Answer:

Off-season training should be focused on building general strength and conditioning in activities that are similar to the sport an athlete. According to the principle of specificity and reversibility, specificity states that the change in physical nature of the body is in line with the training type performed. Reversibility explains how an athlete can lose the effects gained from training from he stops training. Thus to stay fit, off-season training must concentrate on exercises that keeps the body in shape for the same type of sports.

Explanation:

6 0
3 years ago
The UK economic climate is important for POD Point. It is considering two options to reduce the impact of falling UK consumer in
vivado [14]

The answer should be 1. Focus on selling to foreign countries.

This is because the article stated that the POD business had a lot more awareness on foreign sales production. They had tons of customers with 20% of their profit coming from Norway, and the rate keeps rising by year 3.

Foreign selling creates product awarness with more people being able to buy the product if overseas, making more profit from more people buying. If it were just sold in the U.S, for example, then not as many people could buy the cars, but foreign production can reach out to MANY more people.


5 0
3 years ago
Carter County entered into a capital lease to finance an Emergency-911 telecommunications system. The capitalized cost of the eq
Sloan [31]

Answer:

The second option

Explanation:

Expenditures

Other Financing Source

Cash $185,000

$160,000

25,000

3 0
3 years ago
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