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zzz [600]
3 years ago
5

Toby, owner of a cupcake shop in New York, is considering opening a similar business (i.e., a cupcake shop) in Phoenix. After sp

ending $4,200 investigating such possibilities in Phoenix, Toby decides against opening the store. What is the maximum amount of deduction for the current year attributable to these expenditures?A) $0B) $420C) $840D) $4,200
Business
1 answer:
crimeas [40]3 years ago
6 0

Answer:

D) $4,200

Explanation:

the business investigation expenses of a taxpayer who is already engaged in a similar trade or business are fully deductible in the year incurred regardless of whether or not the taxpayer goes into a new business.

Therefore, the maximum amount of deduction for the current year is

$4,200.

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Suppose that the supply schedule for tacos shows 300 tacos per day supplied at a price of $2.00 apiece. What must the demand sch
GREYUIT [131]

Answer:

300 tacos as well

Explanation:

Market equilibrium is defined as the point where market supply and market demand are exactly the same.

So if the supply schedule shows 300 tacos per day at a price of $2.00, for this point to be the market equilibrium, the demand schedule has to show 300 tacos per day.

This also means that $2.00 is the equilibrium price in this market, that is to say, the price at which the supply and demand of tacos equalize.

6 0
3 years ago
Rewrite the following sentences to eliminate the long strings of nouns.
Zolol [24]

Answer:

a) The Focus of the meeting was about the issue of bank interest rate deregulation

b) Following the recommendations of the government taskforce we are revising our job application evaluation procedures

c) The quality assurance program of the production department includes components like, employee training, supplier cooperation and computerized detection equipment

d) The inventory reduction plan of the warehouse will be implemented nextweek

Explanation:

<u>Rewriting the sentences to eliminate the long strings of nouns </u>

a) The Focus of the meeting was about the issue of bank interest rate deregulation

b) Following the recommendations of the government taskforce we are revising our job application evaluation procedures

c) The quality assurance program of the production department includes components like, employee training, supplier cooperation and computerized detection equipment

d) The inventory reduction plan of the warehouse will be implemented nextweek

8 0
3 years ago
A self-portrait of a celebrated photographer sold at a Christie's auction for about $4 million dollars. According to Christie's,
aleksandr82 [10.1K]

Answer:

The correct answer is letter "B": specialty goods.

Explanation:

Specialty goods are those for which buyers can make a special offer to acquire them based on special features the good has and brand recognition that makes it unique. <em>Luxury cars, cultural ornaments, </em>and <em>high-fashion clothing</em> are examples of specialty goods.

4 0
4 years ago
Japan's remarkable recovery in the​ twenty-five years following World War II was a result of which of the following​ activities?
USPshnik [31]
After the thrashing of Japan in World War II, the United States drove the Allies in the occupation and recovery of the Japanese state. In the vicinity of 1945 and 1952, the U.S. possessing strengths, drove by General Douglas A. MacArthur, sanctioned across the board military, political, monetary, and social changes.
8 0
3 years ago
Which one of the following financial statements is not required by GAAP regarding a voluntary health and welfare organization? S
pishuonlain [190]

Answer:

Statement of Operations. ( last choice)

5 0
3 years ago
Read 2 more answers
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