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professor190 [17]
3 years ago
9

During the year, Sophie (a self-employed marketing consultant) went from Omaha to Lima (Peru) on business. She spent four days o

n business, two days on travel, and four days on vacation. Disregarding the vacation costs, Sophie's expenses are: Air fare $3,000 Lodging 800 Meals 600 Entertainment 400 Sophie's deductible expenses are:
a. $4,300.
b. $2,900
c. $2,800.
d. $2,500.
e. None of these.
Business
1 answer:
baherus [9]3 years ago
4 0

Answer:

e. None of these.

Explanation:

The deductible expenses are expenses that are wholly, necessarily and exclusively for business purpose. This excludes the entertainment cost which is the only avoidable cost in the classes of cost given.

Hence, Sophie's deductible expenses are

= $3,000 + $800 + $600

= $4,400

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Unibronx is a company that manufactures inverters. It does extremely well in the market in its first year of business—its sales
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Answer:

C) product life cycle

Explanation:

A product life cycle has 4 stages:

  1. introduction: a new product is introduced to the market usually with a marketing campaign
  2. growth: the demand and the sales of the new product start to rise
  3. maturity: the product is well known with a steady demand but new competitors enter the market
  4. decline: the sales start to decline and the product loses market share

Unibronx's inverter is a mature product.

3 0
3 years ago
Henry Garrison starts the month with a balance on his credit card of $1,130. The average daily balance for the month, including
hoa [83]

Answer:

Interest expense $ 11.15

Explanation:

As the bank uses the average daily balance excluding new purchases we should use that amount to solve for the interest expense.

The rate is one and a half percent therefore, 1.5% --> 0.015

principal x rate = interest

$743 x 0.015 = $ 11.145

3 0
3 years ago
On January 1, 20X7, Server Company purchased a machine with an expected economic life of five years. On January 1, 20X9, Server
djverab [1.8K]

Based on the information given for Server Company, the machine will be valued a<u>t $42,000 </u>and the machinery account will be credited.

<h3>What would be the value of the machine?</h3>

The machine was sold on January 1, 20X9 and at that point, the accumulated depreciation was $28,000.

The value of the machine was therefore:

= Cost of machine - Accumulated depreciation

= 70,000 - 28,000

= $42,000

Find out more on accumulated depreciation at brainly.com/question/1287985.

#SPJ1

4 0
1 year ago
In double entry bookkeeping, where should you record assets?
vekshin1
Hi there :-)

The answer is
A. In the left debits column

Hope it helps
5 0
3 years ago
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What is the main difference between ballon mortgage and arm
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Answer:

A balloon mortgage is a type of a loan that requires the borrower to make the payment as a lump-sum at the maturity period while under the ARM the borrower is allowed to choose the small periodic payments suitable for both the lender and the borrower.  

ARM is the abbreviation for Adjustable Rate Mortgage. therefore the loan repayment changes according to agreement between the lender and the  borrower.

4 0
3 years ago
Read 2 more answers
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