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Dominik [7]
3 years ago
5

Justin Peter earned a salary of $30,000 during the current year. During the current year, he was required by his employer to tak

e several overnight business trips, and he received an expense allowance of $1,500 for travel and lodging. In the course of these trips, he incurred the following expenses: Travel $1,100 Lodging 500 Entertainment of customers 400 What is Justin’s adjusted gross income if he does not account to his employer for the expenses? A. $29,500 B. $29,900 C. $30,000 D. $31,500
Business
1 answer:
nikitadnepr [17]3 years ago
6 0

Answer:

$31,500

Explanation:

Given:

Earned a salary = $30,000

Expense allowance received for travel and lodging = $1,500

The expenses incurred by an employee over business expenses do not need to be deducted from gross income or included in the gross income.

Hence, the gross salary of Justin Peter  

= Earned a salary + Expense allowance received for travel and lodging

= $30,000 + $1,500

= $31,500

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A certificate of deposit often charges a penalty for withdrawing funds before the maturity date. If the penalty involves two mon
jeka57 [31]

Answer:

The penalty will be worth $200.

Explanation:

The certificate of deposit is worth $20,000.

The interest rate on it is 6%.

The penalty on early withdrawal is 2 months of interest.

The annual interest

= Annual\ interest\ rate\ \times\ Investment

= 0.06\ \times\ $20,000

= \$ 1,200

The penalty will be

= 2\ months\ of\ interest

= \frac{2}{12}\ \times Annual\ interest

=\frac{2}{12}\ \times\ \$ 1,200

= \$ 200

7 0
3 years ago
Stacey is writing up rules for how to answer the phone at the new office. These rules are given
Zinaida [17]

Because there are writing  rules for how to answer the phone at the new office, these rule does fulfill the function of <u>Command</u> because enforce the staff to answer call in a certain way.

<h3>What are Henry Fayol's 5 function?</h3>

The function of management established by Henry Fayol's includes Planning, Organizing, Command, Coordination and Control.

Hence, since there are writing  rules for how to answer the phone at the new office, these rule does fulfill the function of Command because enforce the staff to answer call in a certain way.

Read more about management function

<em>brainly.com/question/25703249</em>

4 0
2 years ago
The generally accepted accounting principle which dictates that revenue be recognized in the accounting period in which the perf
Allisa [31]

Answer: (C) Revenue recognition principle

Explanation:

The revenue recognition is one of the type of principle that help[s in understanding the various types of accounts based guidelines that helps in identifying the particular condition in which the revenue is basically recognize.

The importance of third principle is that it helps in ensure the actual loss or the profit Margin that maintains the financial credibility.

According to the given question, the revenue recognition principle basically accepting the various types of accounting principle that helps in satisfying the performance obligations.      

Therefore, Option (C) is correct answer.

5 0
3 years ago
Briefly describe the disadvantages of multiple points of contact for a user who has a question or problem.
mars1129 [50]

Incomplete question. The options:

  • The user may not know whom to contact about a problem.
  • The user may misdiagnose the problem and contact the wrong contact person.
  • The contacts may not know the answer.
  • The contacts may disagree about the solution to a problem

Answer:

  • <u>The contacts may disagree about the solution to a problem</u>

Explanation:

Of course, there is a likelihood of disagreement between the contacts as they may have slightly to very broad different opinions about how to solve a particular problem.

For example, imagine a customer has a problem he believes can be solved, he decides to;

  • contact support team A <u>via phone call, </u>he's attended to and offered a solution, still unclear he again
  • contacts another support team (team B) <u>via email,</u> in this case, a different support staff attends to him.

Finally, he likely discovers that the suggestions made by the contacts disagree (not in harmony) about the solution to a problem.

8 0
3 years ago
Salter Inc.'s unit selling price is $50, the unit variable costs are $35, fixed costs are $125,000, and current sales are 10,000
Sedaia [141]

Answer:

$75,000

Explanation:

Given that,

Unit selling price = $50

Unit variable costs = $35

Fixed costs = $125,000

current sales = 10,000 units

Contribution margin per unit:

= Selling price per unit - unit variable costs

= $50 - $35

= $15

Change in Operating income if sales increase by 5,000 units:

= Increase in sales × Contribution margin per unit

= 5,000 units × $15

= $75,000

3 0
3 years ago
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