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3 years ago

Emily, who lives in Indiana, volunteered to travel to Louisiana in March to work on a home-building project for

Business

1 answer:

solmaris [256]3 years ago

3 0

Answer:

D) $2,200

Explanation:

The IRS does not allow individuals to deduct time spent as a volunteer from their gross income, volunteers can only deduct certain expenses related to the activity.

The only things that Emily can deduct for this charitable activity are transportation costs, lodging costs and meals:

Emily's deduction = $600 + $1,200 + $400 = $2,200

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2 years ago

A __________ processing system is the basic business system that serves the operational level (analysts) and assists in making s

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Answer:

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Explanation:

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3 years ago

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Foster Industries manufactures 20,000 components per year. The manufacturing cost of the components was determined as follows: D

olasank [31]

Answer:

$25,000 increase

Explanation:

Cost of Manufacturing Amount

Direct Materials $150,000.00

Direct Labor $240,000.00

Inspecting products 60,000 x 0.90 $54,000.00

Providing Power 30,000 x 0.90 $27,000.00

Providing Supervision 40000 x 0.60 $24,000.00

Setting up Equipment 60000 x 0.50 $30,000.00

Moving Materials 20,000 x 0.50 $10,000.00

Total $535,000.00

Buying Cost (20000 x 25.50) $510,000.00

Incremental Saving by Purchase ( $535000-$510000) $25,000.00

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3 years ago

Mountaintop Sports Inc. issued $200,000 of 10-year, 6% bonds, with interest payable semiannually on June 30 and December 31 each

SCORPION-xisa [38]

Answer:

The amount should be recorded as interest expense in the journal entry made each six months is $6,000

Explanation:

In order to calculate the amount should be recorded as interest expense in the journal entry made each six months, we have to calculate the interest annually with the following formula according to the given data:

interest annually=Issue Price of Bond×rate of interest

=$200,000 ×6%

=$12,000

Therefore, the interest semiannually would be calculated as follows:

interest semiannually=$12,000/2=$6,000

The amount should be recorded as interest expense in the journal entry made each six months is $6,000

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2 years ago

Which of the following is NOT a factor in the phenomenon of online shoppers abandoning their shopping carts and not following th

Alona [7]

Answer: Option E

Explanation: It is a known fact that a consumer gets excited more while doing offline shopping rather than the online shopping. Offline shopping through malls and stores gives the consumer advantage of live appearance and trial use in case of clothes and other such merchandize.

However the long lines for billing and other such lengthy procedures make it difficult.

Hence from the above we can conclude that the correct option is E.

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2 years ago